Kumari bank reports an EPS of Rs 18.62 with 62.98% rise in Reserves and surplus in the second quarter of 2075/76; Networth per share stands at Rs 159.9
Tue, Jan 22, 2019 12:39 PM on Financial Analysis, Latest, Stock Market,
Kumari Bank Limited (KBL) has reported moderate increase in its comprehensive income in its second quarter report for the fiscal year 2075/76 in comparison to the previous quarter's performance. As per the report published today, the comprehensive income has surged by 30.38%,which had increased by 193.25% as compared to the profit in the corresponding quarter of the fiscal year 2074/75.
The bank’s comprehensive income has increased from Rs 51.14 crore in the second quarter of the fiscal year 2074/75 to Rs 66.68 crore in the second quarter of the current fiscal year. In the Q2 of the FY 2075/76, the bank has Rs 61.09 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 30.42% and loans and advances have also increased by 39.43% from Rs 50.76 arba to Rs 70.77 arba in the second quarter.
The net interest income of the bank has increased to Rs 1.52 arba from Rs 90.87 crore of the corresponding quarter.
The bank’s paid up capital stands at Rs 7.16 arba with Rs 4.29 arba as its reserve. In addition to that, we can see a staggering rise of 249.91% in the borrowings of the bank.
The Non-Performing Loan (NPL) has decreased to 1.22% from 1.61%.
Similarly, the EPS of the bank stands at Rs 18.62 with a networth of Rs 159.9.
KBL 12.75% and 8.5% bonus share of 2073/74 and 2074/75 FY book closure and AGM yet to happen. The LTP of KBL stand Rs 250 in the secondary market.
Major Highlights:
| Particulars (In Rs '000) | KBL | ||
|---|---|---|---|
| Q2 2075/76 | Q2 2074/75 | Difference | |
| Paid Up Capital | 7,163,055 | 5,969,496 | 19.99% |
| Reserve & Surplus | 4,290,946 | 2,632,783 | 62.98% |
| Deposits | 75,448,539 | 57,849,357 | 30.42% |
| Borrowings | 1,140,405 | 325,916 | 249.91% |
| Loans & Advances | 70,772,203 | 50,759,255 | 39.43% |
| Net Interest Income | 1,517,109 | 908,660 | 66.96% |
| Operating Profit | 966,063 | 715,409 | 35.04% |
| Net Profit | 676,244 | 522,042 | 29.54% |
| Total Comprehensive Income after Share of NCI | 666,801 | 511,422 | 30.38% |
| Add/ Less: Regulatory adjustment as per NRB | -72,431 | -31,216 | 132.03% |
| Free Profit/ (Loss) after Regulatory Adjustments | 610,892 | 480,206 | 27.21% |
| NPL | 1.22 | 1.61 | -24.22% |
| Annualized EPS (In Rs.) | 18.62 | 16.09 | 15.72% |
| Net Worth per Share (In Rs.) | 159.9 | ||
| P/E Ratio (In times) | 13.59 | ||
