Performance of 7 national level development banks for Q1 of 2076/77; Kailash Bikas Bank reports highest annualized EPS

Sun, Nov 17, 2019 12:01 PM on Financial Analysis, Latest, Stock Market,

Jyoti Bikas Bank Limited (JBBL)'s net profit increased by a whopping 69.44 percent in the first quarter of the fiscal year 2076/77.

As per the unaudited financial report for the first quarter published, the development bank has stated that its net profit has risen from Rs 6.33 crore in the corresponding quarter to Rs 10.74 crore till Q1 of the current fiscal year.

Its net interest income increased to Rs 36.96 crore till Q1 from Rs 20.98 crore in the corresponding quarter previous year. The bank has collected deposits of Rs 30.72 arba while it has mobilized loans and advances of Rs 26.18 arba till Q1. The deposit and loan amount stood at Rs 29.23 arba and Rs 25.58 arba respectively in the previous quarter i.e. Q4 of 2075/76.

Jyoti Bikas Bank has a paid-up capital of Rs 3.10 arba and reserve of Rs 31.77 crore.

Its non-performing loan (NPL) has increased to 0.83% in Q1 2076/77.

Its Earnings per Share (annualized) remains at Rs 17.81 and net worth per share stands at Rs 131.08. Its P/E ratio stands at 8.93 times.

First Quarter Report

Shangrila Development Bank Limited (SADBL) has earned Rs 5.48 crore in the first quarter of the fiscal year 2076/77. In the previous year's corresponding quarter, the net profit figure was Rs 3.34 crore.

Publishing the unaudited financial report today, its net interest income rose to Rs 27.26 crore from Rs 24.55 crore in the corresponding quarter of the previous fiscal year.

The development bank has collected deposits of Rs 20.14 arba in the Q1 up from Rs 19.41 arba in the previous quarter. Likewise, it has extended loans and advances of Rs 19.10 arba in Q1.

The development bank’s paid-up capital stands at Rs 2.60 arba with Rs 57.46 crore as a reserve.

The non-performing loans of the development bank decreased from 2.4% to 0.94% by the end of the first quarter.

SADBL’s earning per share (EPS) stand at Rs 8.41 and its net worth per share at Rs 130.02. The PE Ratio at the end of the first quarter stands at 16.52 times.

First Quarter Report

Gandaki Bikas Bank Limited (GDBL) has reported a decrease in its net profit by 15.39% in the first quarter of the current fiscal year 2076/77.

As per the report published today, the development bank has stated that its net profit decreased to Rs 8.69 crore in Q1 from Rs 10.27 crore reported in the corresponding quarter of the previous fiscal year 2075/76.

It has collected deposits of Rs 28.01 arba and floated loans of Rs 25.82 arba till Q1 of the FY 2076/77.

It’s paid-up capital remains at Rs 2.75 arba and has a reserve of Rs 86.14 crore.

The development bank’s non-performing loan (NPL) stands at 1.1% in Q1 which was 0.46% in the corresponding quarter.

Its annualized Earning Per Share (EPS) stands at Rs 12.65, net worth per share at Rs 148.76 and P/E ratio at 15.89 times.

First Quarter Report

Lumbini Bikas Bank Limited (LBBL) has published its first-quarter report for FY 2076/77 as per NFRS with 3.04% growth in net profit.

LBBL’s profit has increased from Rs 11.63 crore in the first quarter of the fiscal year 2075/76 to Rs 11.99 crore in the first quarter of the fiscal year 2076/77.

The bank’s deposit from customers increased to Rs 23.12 arba and also loans and advances to customers rises to Rs 21.83 arba till the first quarter. The net interest income (core business income) of the development bank has increased Rs 30.69 crore from Rs 23.50 crore of the corresponding quarter.

In the same quarter, the bank has Rs 1.73 crore as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders.

The bank’s paid-up capital stands at Rs 2.58 arba with Rs 1.17 arba as its reserve and surplus. The Non-Performing Loan (NPL) of the bank stands at 2% which was 2.86% in the corresponding quarter.

In the first quarter, the annualized EPS of the development bank stands at Rs 18.55. The net worth per share stands at Rs 165.41 and PE ratio stands at 9.33 times.

First Quarter Report

Kailash Bikas Bank Limited (KBBL) has reported an increase in net profit by 3.41% in the first quarter of the fiscal year 2076/77.

As per the report published in the newspaper, the development bank has stated that its net profit increased to Rs 17.05 crore in Q1 from Rs 16.48 crore reported in the corresponding quarter of the previous fiscal year 2075/76.

It has collected deposits of Rs 27.83 arba and floated loans of Rs 27.22 arba in Q1 of the fiscal year 2076/77.

It’s paid-up capital remains at Rs 2.52 arba and reserve at Rs 80.52 crore.

The development bank’s non-performing loan (NPL) increased to 0.31% from 0.30%.

The annualized EPS of KBBL stands at Rs 26.55 and Net worth per share stands at Rs 156.67. Its P/E ratio stands at 8.96 times.

First Quarter Report

Mahalaxmi Bikas Bank Limited (MLBL) has published a Q1 report of the fiscal year 2076/77. The bank has reported a net profit of Rs 10.68 crore in Q1 2076/77. The net profit of the company has increased by 1.12% compared to Rs 10.52 crore in the Q1 of 2075/76 FY.

The National level development bank has collected deposits of Rs 33.56 arba and has floated loans of Rs 27.53 arba in the Q1 of 2076/77.

The net interest income of the company has increased from Rs 25.18 crore to Rs 40.30 in Q1 2076/77.

The development banks' Paid-Up stand at Rs 3.07 arba with reserves of Rs 1.34 arba. The bank's NPL has decreased from 3.39% to 2.85% by the end of the first quarter.

The annualized EPS stands at Rs 13.92 and net worth per share at Rs 145.75.

First Quarter Report

Kamana Sewa Bikas Bank Limited (KSBBL) has posted 568.73% percent rise in net profit in the first quarter of the fiscal year 2076/77. Its net profit has increased to Rs 1.86 crore from Rs 27.88 lakh in the corresponding quarter of the fiscal year 2075/76.

According to the unaudited financial report published by the development bank, Kamana Sewa Bikas Bank’s net interest income has risen to Rs 25.15 crore in Q1 as compared to Rs 14.04 crore in the corresponding quarter. It’s paid-up capital stands at Rs 2.54 arba.

Deposits collection reached Rs 25.48 arba till Q1 from Rs 22.97 arba in the previous quarter Q4 of 2075/76.

Likewise, it has extended loans and advances of Rs 21.96 arba till Q1 of FY 2076/77 whereas in the same period last year the figure stood at Rs 20.23 arba.

Its non-performing loan has decreased to 1.61 percent in Q1 from 1.71 percent in the previous year report.

KSBBL’s annualized earning per share (EPS) stand at Rs 2.94 and net worth per share at 133.81.

First Quarter Report