Om & Triveni Dev. Bank earns Rs 32.76 crore & Rs 19.25 crore respectively in Q4

Om Development Bank Limited(ODBL) has posted a massive profit growth of 112.22 percent in the fourth quarter of the last fiscal year 2072/73. Publishing the unaudited financial report today, the bank stated that its net profit rose to Rs 32.76 crore in the Q4 of fiscal year 2072/73, up from Rs 15.43 crore in the corresponding period of the previous fiscal year 2071/72. Its net interest income has risen from Rs 24.67 crore in corresponding quarter to Rs 53.04 crore in the current quarter. The development bank has collected Rs 11.85 arba in the Q4 up from Rs 5.06 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 9.92 arba in Q4 whereas in the same period last year the figure stood at Rs 4.10 arba. Its non-performing loan (NPL) has risen to 0.78 percent in Q4 from 0.54 percent in the previous year report. Om Development Bank has paid up capital of Rs. 1.05 arba. Its reserve and surplus increased to Rs. 57.65 crore in Q4 up from Rs 14.28 crore in last quarter. ODBL’s annualized earning per share (EPS) stand at Rs 31.12, net worth per share at 154.76 and the P/E ratio at 20.25 times. Triveni Development Bank Limited (TBBL) has reported a rise of 53.22% net profit for the fourth quarter of the last fiscal year 2072/73. According to unaudited financial statement published today, its net profit has increased to Rs 19.25 crore in fourth quarter, up from Rs 12.56 crore in the corresponding quarter of the previous fiscal year 2071/72. Triveni development bank has collected Rs 9.11 arba in Q4 from Rs 7.02 arba in the corresponding period last year. Likewise, the bank extended loans and advances of Rs 7.29 arba in the Q4 whereas in the same period last year the figure stood at Rs 5.64 arba. The net interest income of the development bank reached Rs 37.52 crore in Q4 of FY 2072/73 up from Rs 27.82 crore in the previous FY 2071/72. Triveni has a paid up capital of Rs 82 crore. The development bank has an operating profit of Rs 20.41 crore. Its non-performing loan (NPL) has declined to  1.63% in Q4 from 2.74% in the same quarter last year. The bank’s CD ratio stands at  71.56%. The development bank EPS stands at Rs 23.48 and net worth per share at Rs 137.92.