Kumari Bank's Q4 Profit Rises by Impressive 43.87%; Distributable Profit Stands at Rs 1.77 Arba with EPS of Rs 19.27
Wed, Aug 3, 2022 7:41 AM on Financial Analysis, Latest,
Kumari Bank Limited (KBL) has published an impressive fourth-quarter report for FY 2078/79 with 43.87% growth in net profit.
The bank’s profit has increased from Rs. 1.97 arba in the fourth quarter of the fiscal year 2077/78 to Rs 2.83 arba in the fourth quarter of the fiscal year 2078/79.
In the same quarter, the bank has Rs 1.77 Arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders.
The existing capital adequacy of Kumari Bank is 12.98% and the Credit to Deposit (CD) ratio of the bank is 85.12 for the fiscal end of 78/79.
The bank has deposits from customers of Rs 1.76 Kharba and loans and advances to customers stand at Rs 1.56 Kharba until the fourth quarter. The net interest income of the bank has increased by 25.67% to Rs 6.38 Arba from Rs 5.07 arba in the corresponding quarter.
The bank’s paid-up capital stands at Rs 14.71 Arba with Rs 6.47 Arba as its reserve and surplus.
In the fourth quarter, the EPS of the bank stands at Rs 19.27. The net worth per share stands at Rs 144.01 and PE ratio stands at 9.91 times.
Major Highlights:
| Particulars (In Rs '000") | Kumari Bank | |||
|---|---|---|---|---|
| Q4 2078/79 | Q4 2077/78 | Difference | ||
| Share Capital | 14,711,183 | 13,878,475 | 6.00% | |
|
88,804 | 88,804 | ||
| Retained Earnings | 1,773,918 | 1,247,097 | 42.24% | |
| Reserves | 4,612,274 | 3,677,846 | 25.41% | |
| Deposits from Customers | 176,767,666 | 145,838,231 | 21.21% | |
| Loans & Advances to customers | 153,369,813 | 137,897,925 | 11.22% | |
| Net Interest Income | 6,380,724 | 5,077,514 | 25.67% | |
| Impairment Charge/(Reversal) | 562,225 | 475,280 | 18.29% | |
| Personnel Expenses | 2,341,466 | 2,023,918 | 15.69% | |
| Operating Profit | 3,988,158 | 3,005,792 | 32.68% | |
| Profit/(Loss) for the Year | 2,835,234 | 1,970,730 | 43.87% | |
| Total Comprehensive Income | 2,664,512 | 2,008,698 | 32.65% | |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 1,773,918 | |||
| Capital Adequacy Ratio (CAR) | 12.98 | 13.71 | -5.32% | |
| NPL | 0.96 | 0.96 | 0.00% | |
| CD (as per NRB Directives) | 85.12 | 81.01 | 5.07% | |
| Cost of Fund (%) | 7.76 | 5.55 | 39.82% | |
| Interest Rate Spread (%) | 4.36 | 3.31 | 31.72% | |
| Base Rate (%) | 10.57 | 7.9 | 33.80% | |
| EPS (In Rs.) | 19.27 | 14.20 | 35.72% | |
| Net Worth per Share (In Rs.) | 144.01 | 136.13 | 5.79% | |
| Qtr End PE Ratio (times) | 9.91 | - | - | |
| Qtr End Market Price | 191 | - | - | |
