Kumari Bank Limited publishes decent growth in the first quarter of FY 76/77; comprehensive income crosses Rs.40 Crore

Fri, Nov 15, 2019 10:49 AM on Financial Analysis, Latest,

Kumari Bank Limited (KBL) has reported an increase in its comprehensive income in its first quarter report for the fiscal year 2076/77. As per the report published today, the comprehensive income has surged by 13.80% as compared to the profit in the corresponding quarter of the fiscal year 2075/76.

The bank’s comprehensive income has increased from Rs.35.29 Crore in the first quarter of the fiscal year 2075/76 to Rs.40.16 Crore in the first quarter of the current fiscal year. In the first quarter of the FY 2076/77, the bank has Rs.25.48 Crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.

The bank’s deposit has growth rate of 7% to Rs.78.30 Arba and loans and advances have also increased by 5.80% to Rs.77.24 Arba in the first quarter.

The net interest income of the bank has increased to Rs.91.85 Crore from Rs.81.76 Crore of the corresponding quarter.

The bank’s paid up capital stands at Rs.9.55 Arba with Rs.2.24 Arba as its reserve. The Non-Performing Loan (NPL) has also decreased to 1.05% from 1.14%.

In the first quarter, the EPS of the bank stands at Rs.16.83. The net worth per share stands at Rs.126.39 and PE ratio was reported at 10.75 times.