Prabhu Bank earns Rs 62.84 crore in Q1; Bank's EPS stands at Rs 28.27 and quarter end PE at 9.37 times
Mon, Nov 11, 2019 6:36 AM on Financial Analysis, Stock Market, Latest,
Prabhu Bank Limited (PRVU) has published its first quarter report for the FY 2076/77 today with 5.02% rise in net profit.
The bank’s profit has increased from Rs 59.84 crore in the first quarter of the fiscal year 2075/76 to Rs 62.84 crore in the first quarter of the fiscal year 2076/77. In the same quarter, the bank has Rs 5.57 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has increased by 0.93% (compared to immediate previous year ending) to Rs 1.06 kharba and loans and advances to customers increased by 6.83% (compared to immediate previous year ending) to Rs 91.68 arba in the first quarter. The net interest income (core business income) of the bank has increased significantly by 24.10% to Rs 1.40 arba from Rs 1.13 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.89 arba with Rs 5.96 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has increased to 3.32% from 2.51%.
In the first quarter, the annualized EPS of the bank stands at Rs 28.27. The net worth per share stands at Rs 167.12 and qtr end PE ratio stands at 9.37 times.
The FY 2075/76 dividend which includes 16% bonus share which is yet to be adjusted in published Q1 report.
Major Highlights:
* 2075/76 figure are of Immediate Previous Year Ending.
* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q1 end paid up capital.
