NIDC Development Bank reports net profit of Rs 4.19 crore; EPS stands at Rs 13.43
Tue, May 1, 2018 4:02 AM on Financial Analysis, Latest, Stock Market,
NIDC Development Bank Limited (NIDC), which is starting joint operation from Baisakh 17, 2075, after merger with Rastriya Banijya Bank, has published unaudited financial report for the third quarter yesterday. It states that its net profit has significantly declined to Rs 4.19 crore in third quarter of fiscal year 2074/75 from Rs 19.84 crore reported in the corresponding quarter of the previous fiscal year 2073/74.
In this period, it has extended loans of Rs 2.92 arba, up slightly from Rs 2.84 arba. It has collected deposits of Rs 1.02 arba in the third quarter of the current fiscal year. It has paid-up capital of Rs 41.58 crore with reserve of Rs 3.32 arba in Q3.
NIDC’s net interest income has significantly decreased from Rs 21.52 crore in the corresponding quarter last year to Rs 16.74 in the third quarter of fiscal year 2074/75. Its operating profit has also reduced to Rs 1.44 crore in Q3, from Rs 14.56 crore in corresponding quarter.
The development bank’s non-performing loan (NPL) has risen to 13.9 percent in the current quarter. Currently, Net worth per share of the bank stands at Rs 900.29 with EPS at Rs 13.43.
|
Particulars (In Rs '000) |
NIDC |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
415,823 |
415,823 |
0.00% |
|
Reserve & Surplus |
3,327,783 |
3,250,528 |
2.38% |
|
Deposits |
1,027,060 |
1,271,949 |
-19.25% |
|
Loans & Advances |
2,923,023 |
2,842,144 |
2.85% |
|
Net Interest Income |
167,443 |
215,179 |
-22.18% |
|
Provision for possible losses |
81,550 |
20,319 |
301.35% |
|
Operating Profit |
14,436 |
145,624 |
-90.09% |
|
Net Profit |
41,894 |
198,394 |
-78.88% |
|
NPL (%) |
13.9 |
7.48 |
85.83% |
|
Annualized EPS (In Rs.) |
13.43 |
63.62 |
-78.88% |
|
Net Worth per Share (In Rs.) |
900.29 |
|
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