Kumari Bank reports massive increment in profitability in Q2; Look at the major highlights reported by the bank
Mon, Jan 25, 2021 8:22 AM on Company Analysis, Latest,
Kumari Bank Limited (KBL) has published its second-quarter report for the FY 2077/2078 with an increase in Net Profit by 51.50%. The bank's net profit has increased from Rs. 80.30 crores in the second quarter of FY 2076/2077 to Rs. 1.21 arba in the second quarter of FY 2077/2078.
The bank reported Rs. 63.75 crores as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank’s deposit from customers increased by 5.30% to Rs. 1.22 kharba (compared to immediate previous year ending) whereas loans and advances to customers increased by 3.63% to Rs. 1.14 kharba (compared to the immediate previous year ending) till the second quarter. The Net Interest Income (core business income) of the bank has increased by 37.02% to Rs. 2.49 arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 13.87 Arba with Rs. 4.27 Arba in Reserve and surplus. The Non-performing loan (NPL) remained at 1.06%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 17.53 and Net worth per share stood at Rs. 130.82. The company traded at a P/B multiple of 2.17 times.
Major Highlights:
|
Particulars |
Kumari Bank Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Share Capital |
13,878,474.84 |
12,520,049.47 |
10.85% |
|
Reserve & Surplus |
4,276,764.56 |
4,748,124.20 |
-9.93% |
|
Loand and Advances |
114,738,986.82 |
110,717,259.57 |
3.63% |
|
Deposit from Customers |
122,728,828.09 |
116,547,033.20 |
5.30% |
|
Net Interest Income |
2,497,789.37 |
1,822,942.17 |
37.02% |
|
Impairment charge/(Reversal) for loans |
-41,664.90 |
130,979.49 |
- |
|
Operating Profit |
1,740,523.52 |
1,134,082.07 |
53.47% |
|
Net Profit |
1,216,558.48 |
803,011.48 |
51.50% |
|
Capital Adequacy Ratio (CAR) |
14.91% |
11.52% |
- |
|
Non-performing Loan (%) |
1.06% |
1.04% |
- |
|
Cost of Funds (%) |
5.82% |
7.50% |
- |
|
Base Rate (%) |
7.92% |
10.45% |
- |
|
CCD Ratio (as per NRB Directives) |
76.15% |
78.51% |
- |
|
Annualized EPS (Rs.) |
17.53 |
12.83 |
- |
|
Net Worth per share (Rs.) |
130.82 |
137.92 |
- |
|
Price to Earnings (Times) |
16.20 |
- |
- |
|
Price to Book (Times) |
2.17 |
- |
- |
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