Kumari Bank profit rises by satisfactory 18.75% in Q2; EPS and PE stands at Rs 16.81 and 11.30 times
Mon, Feb 3, 2020 8:46 AM on Financial Analysis, Latest,
Kumari Bank Limited (KBL) has reported satisfactory increase in its net profit in its second quarter for the fiscal year 2076/77. As per the report published today, the net profit has increased by 18.75% as compared to the corresponding quarter of the fiscal year 2075/76. The rise in net profit is mainly due to healthy rise in net interest and fee based income.
The bank’s net profit has increased from Rs 67.62 Crore in the second quarter of the fiscal year 2075/76 to Rs 80.30 crore in the second quarter of the current fiscal year. In the second quarter of the FY 2076/77, the bank has Rs 65.85 Crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.
The bank’s deposit from customers increased by 10.21% to Rs 80.67 arba and loans and advances have also increased by 10.83% to Rs 80.92 arba till the second quarter.
The net interest income of the bank has increased to Rs 1.82 arba from Rs 1.51 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 9.55 Arba with Rs 2.92 Arba as its reserve. The Non-Performing Loan (NPL) has also decreased to 1.04% from 1.22%.
In the second quarter, the annualized EPS of the bank stands at Rs 16.81. The net worth per share stands at Rs 130.64 and quarter end PE ratio was reported at 11.30 times.
Recently, KBL has signed an acquisition MoU with National Level based Dev Bikas Bank Limited at tentatively 100 : 86 swap ratio. Upon which, the paid up capital will increase of the company.
Major Highlights:
* 2075/76 figure are of Immediate Previous Year Ending.
|
Particulars (In Rs '000) |
Kumari Bank Limited |
||
|---|---|---|---|
|
Q2 2076/77 |
Q2 2075/76 |
Difference |
|
|
Paid Up Capital* |
9,554,130 |
8,685,573 |
10.00% |
|
Share Premium* |
|
54,803 |
|
|
Retained Earnings* |
682,825 |
886,457 |
-22.97% |
|
Reserves* |
2,244,888 |
2,095,011 |
7.15% |
|
Deposits from Customers* |
80,675,256 |
73,201,144 |
10.21% |
|
Loans & Advances to Customers* |
80,925,266 |
73,017,913 |
10.83% |
|
Net Interest Income |
1,822,942 |
1,517,109 |
20.16% |
|
Fee and Commission Income |
335,158 |
227,937 |
47.04% |
|
Impairment Charge/(Reversal) |
-130,979 |
-169,759 |
- |
|
Personnel Expenses |
619,206 |
461,963 |
34.04% |
|
Operating Profit |
1,134,082 |
966,063 |
17.39% |
|
Profit/(Loss) for the Year |
803,011 |
676,244 |
18.75% |
|
Total Comprehensive Income |
808,472 |
666,801 |
21.25% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
658,594 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
11.52 |
12.81 |
-10.07% |
|
NPL |
1.04 |
1.22 |
-14.75% |
|
CCD (as per NRB Directives) |
78.61 |
78.07 |
0.69% |
|
Cost of Fund (%) |
7.5 |
8.12 |
-7.64% |
|
Base Rate (%) |
10.45 |
11.55 |
-9.52% |
|
Annualized EPS (In Rs.) |
16.81 |
15.57 |
7.95% |
|
Net Worth per Share (In Rs.) |
130.64 |
134.96 |
-3.20% |
|
Qtr End PE Ratio (times) |
11.30 |
- |
- |
|
Qtr End Market Price* |
190 |
- |
- |
|
Price to Book (PB Ratio) |
1.45 |
- |
- |
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