Kumari Bank posts outstanding profit growth; earns Rs 18.16 crore in Q2
Mon, Jan 26, 2015 12:00 AM on Financial Analysis,
ShareSansar, January 26:
Kumari Bank Ltd. (KBL) has posted an outstanding profit growth of 194.08 percent in the second quarter of last fiscal year 2071/72.
According to the second quarterly report of the bank published, the net profit increased to Rs 18.16 crore, up from Rs 6.17 crore in the corresponding previous year quarter ending.
The profit was largely propelled by its net interest income of Rs 43.41 crore compared to Rs 35.17 crore of last fiscal year which is almost 23.39 percent growth. The increase in net interest income clearly signals that the banks was able to increase its core business activities.
Kumari Bank able to collect Rs 34.37 arba in deposit and mobilized Rs 25.28 arba in loan and advances in the last fiscal year as compared to Rs 27.40 arba in deposit and Rs 21.51 arba in loan by the end of the second quarter of the fiscal year 2071/72.
The bank is able write back Rs 5.65 crore whereas it’s provisioned Rs 9.63 crore for possible losses.
Kumari Bank annualized EPS now stands at Rs 20.75, per share net worth at Rs 134.58 and P/E ratio at 18.08 times.
Its NPA stood at 3.84 percent.
