Kanchan Development Bank Limited (KADBL) has reported meager rise in net profit by 4.92% in the second quarter of the current fiscal year 2074/75.
As per the report published in newspaper, the development bank has stated that its net profit rises to Rs 3.12 crore in Q2 from Rs 2.97 crore reported in the corresponding quarter of the previous fiscal year 2073/74.
It has collected deposits of Rs 3.26 arba and floated loans of Rs 2.92 arba in Q2.
It’s paid up capital remains at Rs 45.04 crore and has reserve of Rs 14.18 crore. To meet the capital requirement of Rs 50 crore, it had announced 16.03 % bonus shares from the net profit of FY 2073/74. After bonus shares distribution, it will reach to Rs 52.24 crore.
The development bank non-performing loan (NPL) decrease to 0.66%.
Its annualized Earning Per Share (EPS) now stands at Rs 13.86, net worth per share at Rs 131.50 and P/E ratio at 15.08 times.
Major Highlights:
| Particulars (In Rs '000) |
KADBL |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
450,450 |
247,500 |
82.00% |
| Reserve & Surplus |
141,891 |
63,753 |
122.56% |
| Deposits |
3,264,165 |
2,341,786 |
39.39% |
| Borrowings |
- |
- |
#DIV/0! |
| Loans & Advances |
2,923,025 |
2,075,176 |
40.86% |
| Net Interest Income |
81,267 |
76,481 |
6.26% |
| Provision for possible losses |
5,430 |
- |
#DIV/0! |
| Operating Profit |
47,058 |
41,889 |
12.34% |
| Net Profit |
31,219 |
29,755 |
4.92% |
| NPL (%) |
0.66 |
1.97 |
-66.50% |
| Annualized EPS (In Rs.) |
13.86 |
24.04 |
-42.35% |
| Net Worth per Share (In Rs.) |
131.50 |
125.76 |
4.57% |
| P/E Ratio (In times) |
15.08 |
- |
- |
