Om Development Bank reports Rs 24 crore profit in the second quarter; EPS and Net worth per share stand at Rs 19.11 and Rs 141.46 respectively
Fri, Jan 25, 2019 7:23 AM on Financial Analysis, Latest, Stock Market,
Om Development Bank Limited (ODBL) has registered an increase in net profit in the second quarter of the FY 2075/76.
According to the unaudited financial report published by the development bank today, its net profit has increased to Rs. 24.02 crore in second quarter, up from Rs.15.03 crore in the corresponding quarter of the previous fiscal year.
ODBL’s net interest income has risen to Rs 52.03 crore in Q2 as compared to Rs. 32.28 crore in the corresponding quarter of the last fiscal year.
As of Q2, it has a paid up capital of Rs 2.51 arba with a reserve of Rs 1.04 arba.
The bank also collected deposits of Rs 23.68 arba in Q2, up from Rs 17.58 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 21.34 arba in Q2 whereas in the same period last year, the figure stood at Rs. 15.77 arba.
ODBL’s annualized Earnings per Share (EPS) is Rs 19.11 per share. Its Net worth per share stand at Rs 141.46 with P/E Ratio of 10.31 times..
The company is in process of being acquired by Prime Commercial Bank Limited.
Major Highlights:
|
Particulars (In Rs '000) |
ODBL |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
2,515,236 |
2,137,129 |
17.69% |
|
Reserve & Surplus |
1,042,894 |
915,569 |
13.91% |
|
Deposits |
23,684,737 |
17,586,729 |
34.67% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
21,346,773 |
15,776,567 |
35.31% |
|
Net Interest Income |
520,343 |
322,884 |
61.15% |
|
Provision for possible losses |
61,886 |
47,217 |
31.07% |
|
Operating Profit |
373,227 |
222,143 |
68.01% |
|
Net Profit |
240,275 |
150,313 |
59.85% |
|
NPL (%) |
0.6 |
1.17 |
-48.72% |
|
Annualized EPS (In Rs.) |
19.11 |
14.07 |
35.82% |
|
Net Worth per Share (In Rs.) |
141.46 |
142.84 |
-0.96% |
|
P/E Ratio (In times) |
10.31 |
- |
|
