Karnali Development Bank's Net profit in Q2 reports Rs. 49.23 lakhs; EPS is close to Rs. 2 in FY 2075/76

Wed, Feb 6, 2019 11:12 AM on Financial Analysis, Latest, Stock Market,
Karnali De...

Karnali Development Bank Limited (KRBL) has published the unaudited quarterly report for the second quarter of FY 2075/76.

The bank posted a paid-up capital of Rs. 50.28 crore in this quarter compared to the corresponding quarter of the previous year which was at Rs. 15.10 crore. The capital sees a huge rise of 233%. The reserves of the bank stood at Rs. 4.98 Crore.

The bank’s operating profit stands at Rs. 77.36 Lakhs and net profit at Rs. 49.23 Lakhs till this month of FY 2075/76. Both of indicators have decreased as compared to the Q2 of last FY 2074/75 by 163.04% and 140.12% respectively.

The NPL of the bank which was previously at 3.73%, currently stands at 2.97%. The bank posted EPS of Rs. 1.96 and net worth per share of Rs. 109.92 for the end of Q2 of FY 2075/76.

Major Highlights:

Particulars (In Rs '000)

Karnali Development Bank Limited

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

502,830

151,000

233.00%

Reserve & Surplus

49,879

40,289

23.80%

Deposits

2,868,406

2,148,010

33.54%

Borrowings

0

0

    -

Loans & Advances

1,832,330

1,199,634

52.74%

Net Interest Income

38,484

21,088

82.49%

Provision for possible losses

7,291

12,671

-42.46%

Operating Profit

7,736

-12,272

    -

Net Profit

4,923

-12,272

    -

NPL (%)

2.97

3.73

-20.38%

Annualized EPS (In Rs.)

1.96

-16.25

    -

Net Worth per Share (In Rs.)

109.92

126.68

-13.23%

P/E ratio

51.07