Karnali Development Bank's Net profit in Q3 rises by staggering 457% reaching Rs. 66.59 lakh; EPS stands at Rs 1.32 with PE ratio of 77.78 times
Tue, May 7, 2019 2:19 PM on Financial Analysis, Latest, Stock Market,
Karnali Development Bank Limited (KRBL) has published the unaudited quarterly report for the third 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. 5.16 Crore.
The bank’s operating profit stands at Rs. 1.04 Lakhs and net profit at Rs. 66.59 Lakhs till Q3 of FY 2075/76. Both of indicators have increased as compared to the Q3 of last FY 2074/75 by 457%.
The NPL of the bank which was previously at 3.29%, currently stands at 1.57%. The bank posted EPS of Rs. 1.32 and net worth per share of Rs. 110.27 for the end of Q3 of FY 2075/76.
Major Highlights:
|
Particulars (In Rs '000) |
KRBL | ||
|---|---|---|---|
| Q3 2075/76 | Q3 2074/75 | Difference | |
| Paid Up Capital | 502,830 | 151,000 | 233.00% |
| Reserve & Surplus | 51,617 | 46,927 | 9.99% |
| Deposits | 2,982,941 | 2,129,657 | 40.07% |
| Borrowings | - | - | - |
| Loans & Advances | 1,943,165 | 1,141,187 | 70.28% |
| Net Interest Income | 45,669 | 44,159 | 3.42% |
| Provision for possible losses | 7,847 | 7,144 | 9.84% |
| Operating Profit | 10,464 | 1,878 | 457.19% |
| Net Profit | 6,659 | 1,195 | 457.24% |
| NPL (%) | 1.57 | 3.29 | -52.28% |
| EPS (In Rs.) | 1.32 | ||
| Net Worth per Share (In Rs.) | 110.27 | ||
| P/E Ratio (In times) | 77.78 | ||
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