Purnima Bikas Bank registers 22.31% fall in net profit; EPS stands at Rs 14.87 in the third quarter

Purnima Bikas Bank Limited (PURBL) has posted a decrease in profit by 22.31 percent in the third quarter of the FY 2074/75.

Publishing the unaudited financial report today, the bank stated that its net profit has declined to Rs 5.85 crore in Q3 of fiscal year 2074/75 from Rs 7.53 crore in the corresponding period of the previous fiscal year 2073/74.

Purnima Bikas Bank’s paid up capital remains at Rs. 52.50 crore with Rs 35.23 crore in reserve. It had announced 19.19% bonus shares from the net profit of FY 2073/74. After distribution of net profit, its paid up capital has reached to Rs 52.50 crore.

The bank has collected deposits of Rs 2.64 arba in the third quarter up from Rs 2.35 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 2.42 arba in Q3 whereas in the same period last year the figure stood at Rs 2.03 arba.

Its non-performing loan (NPL) has drop to 0.28 percent in Q3 from 0.29 percent in the previous year report.

PURBL’s annualized earning per share (EPS) has decline to Rs 14.87 from Rs 28.52 in corresponding quarter. Its net worth per share stands at Rs 123.08 and P/E ratio at 13.18 times.

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