Kumari Bank Limited (KBL) has posted impressive growth in net profit of 71.90% in the second quarter of the current fiscal year 2074/75.
As per the unaudited report published today, the commercial bank has stated that its net profit increased to Rs 48.02 crore in Q2 of the fiscal year 2074/75 from Rs 27.93 crore in the corresponding quarter of the previous fiscal year 2073/74.
Its deposit collection reached to Rs 57.68 arba where the bank floated loans of Rs 50.92 arba.
It has paid up capital of Rs 5.96 arba with Rs 2.59 arba in reserve. KBL has been seeking approval from SEBON to issue 20% right shares. After issue of 20% right shares, it will reach to Rs 7.15 arba. To meet the capital requirement of Rs 8 arba, it should hike its capital by Rs 85 crore (around 11.87%).
Its NPL stands at 1.61 %.
Its annualized Earning per Share (EPS) stands at Rs 16.09 where net worth per share stands at Rs 143.40 and P/E ratio at 17.71 times.
Major Highlights:
| Particulars (In Rs '000) |
KBL |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
5,969,496 |
2,699,167 |
121.16% |
| Reserve & Surplus |
2,590,947 |
1,643,566 |
57.64% |
| Deposits |
57,680,957 |
39,946,389 |
44.40% |
| Borrowings |
323,776 |
1,107,335 |
-70.76% |
| Loans & Advances |
50,924,405 |
33,659,893 |
51.29% |
| Net Interest Income |
821,671 |
555,043 |
48.04% |
| Provision for possible losses |
241,082 |
97,844 |
146.39% |
| Operating Profit |
345,586 |
359,399 |
-3.84% |
| Net Profit |
480,206 |
279,352 |
71.90% |
| NPL (%) |
1.61 |
1.14 |
41.23% |
| Annualized EPS (In Rs.) |
16.09 |
20.70 |
-22.27% |
| Net Worth per Share (In Rs.) |
143.40 |
160.89 |
21.04% |
| P/E Ratio (In times) |
17.71 |
- |
- |
Q2 report of KBL:
