Mission Development Bank registers negligible rise of 0.22% in the net profit; Kanchan Development Bank shows profit decrement of 13.15% in the third quarter
Thu, Apr 26, 2018 12:52 AM on Financial Analysis, Latest, Stock Market,
Mission Development Bank Limited (MIDBL) has registered a negligible profit rise of 0.22 percent in the third quarter of the current fiscal year 2074/75.
According to the unaudited financial report published by development bank today, its net profit has surged to Rs 5.61 crore in third quarter, up from Rs 5.60 crore in the corresponding quarter of the last fiscal year 2073/74. The operating profit has increased to Rs 8.82 crore from Rs 8.81crore as compared to the corresponding quarter of last fiscal year.
Mission Development Bank’s deposit base has increased by 35.10% in this period. It now has deposits of Rs 3.56 arba with floated loans worth Rs 3.21 arba. In the same period last year, the figures stood at only Rs 2.63 arba and Rs 2.40 arba respectively. With this, it has been able to increase its net interest income by 8.86% to Rs12.84 crore.
Its non-performing loan has slightly decreased to 0.37percent in Q3 from 0.45 percent in the previous year report.
Annualized Earnings per share (EPS) of MIDBL now stands at Rs 14.43, net worth per share at Rs 119.01, and the P/E ratio as of the end of Q3 at 21.16 times.
Currently, it’s paid up capital remains at Rs 51.92 crore with reserve of Rs 9.87 crore.
Major Highlights:
|
Particulars (In Rs '000) |
MIDBL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
519,280 |
194,925 |
166.40% |
|
Reserve & Surplus |
98,710 |
123,449 |
-20.04% |
|
Deposits |
3,560,022 |
2,635,011 |
35.10% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
3,216,178 |
2,408,147 |
33.55% |
|
Net Interest Income |
128,432 |
117,976 |
8.86% |
|
Provision for possible losses |
10,633 |
10,016 |
6.16% |
|
Operating Profit |
88,273 |
88,116 |
0.18% |
|
Net Profit |
56,197 |
56,074 |
0.22% |
|
NPL (%) |
0.37 |
0.45 |
-17.78% |
|
Annualized EPS (In Rs.) |
14.43 |
38.36 |
-62.38% |
|
Net Worth per Share (In Rs.) |
119.01 |
163.33 |
-27.14% |
|
P/E Ratio (In times) |
21.16 |
- |
- |
See the third quarter report of MIDBL here
On the other hand, Kanchan Development Bank Limited (KADBL) has registered a decrease in net profit of13.15% in the third quarter of the current FY 2074/75.
According to the unaudited financial report published by the development bank today, its net profit has increased to Rs. 3.98 crore in third quarter, down from Rs. 4.59 crore in the corresponding quarter of the previous fiscal year.
KADBL’s net interest income has risen to Rs 12.76crore in Q3 as compared to Rs. 11.72 crore in the corresponding quarter of the last fiscal year.
As of Q3, it has a paid up capital of Rs 50.60 crore with a reserve of Rs 8.87 crore.
The bank also collected deposits of Rs 3.43 arba in Q3, up from Rs 2.34 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 3.03 arba in Q3 whereas in the same period last year, the figure stood at Rs. 2.15 arba.
KADBL’s annualized Earning per Share (EPS) has decreased by 40.52% to Rs 10.51per share. Its Net worth per share stands at Rs 117.54 and P/E ratio at 18.74 times.
Major Highlights:
|
Particulars (In Rs '000) |
KADBL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
506,000 |
346,500 |
46.03% |
|
Reserve & Surplus |
88,777 |
81,889 |
8.41% |
|
Deposits |
3,435,414 |
2,343,540 |
46.59% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
3,036,636 |
2,157,654 |
40.74% |
|
Net Interest Income |
127,698 |
117,292 |
8.87% |
|
Provision for possible losses |
23,547 |
13,760 |
71.13% |
|
Operating Profit |
57,966 |
66,437 |
-12.75% |
|
Net Profit |
39,886 |
45,924 |
-13.15% |
|
NPL (%) |
2.61 |
2.17 |
20.28% |
|
Annualized EPS (In Rs.) |
10.51 |
17.67 |
-40.52% |
|
Net Worth per Share (In Rs.) |
117.54 |
123.63 |
-4.92% |
|
P/E Ratio (In times) |
18.74 |
- |
- |
