Om Development Bank reports 47% rise in net profit before tying knots with NMB Bank; EPS of Rs 29.65 with reserves of Rs 1.33 arba reported for Q4 of 2075/76

Sun, Aug 18, 2019 1:12 PM on Financial Analysis, Latest,
Om Develop...

Om Development Bank Limited (ODBL) has registered an increase in net profit in the fourth quarter of the FY 2075/76.

According to the unaudited financial report published by the development bank, its net profit has increased to Rs. 55.06 crore in fourth quarter, up from Rs. 37.25 crore in the corresponding quarter of the previous fiscal year by 47%.

ODBL’s net interest income has risen to Rs 1.2 arba in Q4 as compared to Rs. 84.76 crore in the corresponding quarter of the last fiscal year.

As of Q4, it has a paid up capital of Rs 2.51 arba with a reserve of Rs 1.33 arba.

The bank also collected deposits of Rs 25.33 arba in Q4, up from Rs 21.45 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 23.09 arba in Q4 whereas in the same period last year, the figure stood at Rs. 18.09 arba.

ODBL’s annualized Earnings per Share (EPS) is Rs 29.65 per share. Its Net worth per share stand at Rs 156.63 with P/E Ratio of 6.64 times.

ODBL is being acquired by NMB Bank at a swap ratio of 100:76.

Q4 report

Major Highlights:

Particulars (In Rs '000) ODBL
Q4 2075/76 Q4 2074/75 Difference
Paid Up Capital 2,515,235.60 2,515,235.60  
Reserve & Surplus 1,335,310.84 786,535.14 69.77%
Deposits 25,339,148.92 21,455,191.37 18.10%
Borrowings 250,000.00 0  
Loans & Advances 23,093,533.82 18,095,030.80 27.62%
Net Interest Income 1,204,844.68 847,608.78 42.15%
Provision for possible losses 98,314.78 72,047.47 36.46%
Operating Profit 865,800.93 577,704.65 49.87%
Net Profit 550,686.20 372,547.55 47.82%
Capital Adequacy (%) 15.47 18.55 -16.60%
NPL (%) 0.64 0.52 23.08%
CCD Ratio (%) 78.75 74.13 6.23%
Cost of Fund (%) 8.96 9.41 -4.78%
Annualized EPS (In Rs.) 29.65    
Net Worth per Share (In Rs.) 156.63    
PE Ratio (times) 6.64