Prabhu Bank has posted a Net Profit of Rs 1.33 arba:Operating profit has increased by 229%
Wed, Aug 15, 2018 5:39 AM on Financial Analysis, Latest, Stock Market,
Prabhu Bank Limited (PRVU) has published a Q4 result of the fiscal year 2074/2075 based on the NFRS model. The bank had issued 40% right share this year as a result the Paid-up capital has surged by 40% from Rs 5.88 to Rs 8.23 arba comparing to Q4 result of the fiscal year 2073/2074. The operating profit has increased massively by 229.65% from Rs 59.36 crore to Rs 1.95 arba this year.
The major concern for the bank is the income tax which has increased from positive Rs 41 crore to negative Rs 61 crore. Increment on Deposit, Loan&Advances, net profit is decent as shown in the table below.
| Particulars (in 000) | Q4 of 2074/2075 | Q4 of 2073/2074 | Difference |
|---|---|---|---|
| Paid-Up capital | 8233949 | 5881402 | 40.00% |
| Reserve &Surplus | 5866953 | 4784390 | 22.63% |
| Loan & Advances | 76099611 | 61457938 | 23.82% |
| Deposit | 97308865 | 81372483 | 19.58% |
| Net Interest Income | 2984647 | 2303989 | 29.54% |
| Operating Profit | 1956507 | 593664 | 229.56% |
| Income Tax | -618283 | 415161 | -248.93% |
| Net Profit | 1338224 | 1008826 | 32.65% |
| Free Profit after Regulatory adjustment | 1129661 | 1597953 | -29.31% |
The free profit which can be distributed as the dividends has decreased by 29.31.
Key Financial Ratios
| NPL to total loan | 3.55% | 4.29% | -17.25% |
| Diluted Annualized EPS | 16.25 | 17.15 | -5.25% |
| P/E | 11.51 | 13.63 | -15.55% |
| RoA | 0.99% | 1.87% | -47.06% |
| Net Worth Per share | 171.25 | 134.88 | 26.96% |
NPL has decreased which can be considered as the positive sign but EPS and Return on Asset (RoA) has decreased. As shown in the table above.
The LTP of the Stock stands at Rs 186.
