Purnima Bikas Bank reports fall in Profit by 0.75%; EPS decreases to Rs. 13.13 and Deposits rise by 30.03%
Sun, Jan 27, 2019 11:00 AM on Financial Analysis, Latest, Stock Market,
Purnima Bikas Bank Limited (PURBL) has reported decrease in profit by 0.75% for the second quarter of the fiscal year 2075/76. As per the unaudited report for the second quarter published today, the bank’s net profit reaches to Rs 3.62 crore in the second quarter of fiscal year 2075/76, from Rs 3.64 crore in the same quarter of the fiscal year 2074/75. The bank has collected 3.35 arba in deposit and extended a total of Rs 3.04 arba in loans and advances in the second quarter of fiscal year 2075/76. In the corresponding quarter of fiscal year 2074/75, the bank deposits stood at Rs 2.58 arba and loan and advances at Rs 2.21 arba. Its net interest income rises to Rs 8.33 crore in second quarter from Rs 7.39 crore in the corresponding quarter.
It’s paid up capital remains at Rs 55.12 crore with reserve of Rs 10.86 crore. Purnima’s non-performing loan (NPL) has increased to 0.57% from 0.24% of corresponding quarter. Annualized Earning per Share (EPS) of the development bank stands at Rs 13.13 and net worth per share is at Rs 119.70.
Major Highlights:
|
Particulars (In Rs '000) |
Purnima Bikas Bank Limited |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
551,283 |
525,031 |
5.00% |
|
Reserve & Surplus |
108,607 |
99,095 |
9.60% |
|
Deposits |
3,356,129 |
2,581,092 |
30.03% |
|
Borrowings |
0 |
0 |
- |
|
Loans & Advances |
3,046,791 |
2,214,298 |
37.60% |
|
Net Interest Income |
83,338 |
73,991 |
12.63% |
|
Provision for possible losses |
10,934 |
3,694 |
195.98% |
|
Operating Profit |
56,249 |
55,753 |
0.89% |
|
Net Profit |
36,193 |
36,467 |
-0.75% |
|
NPL (%) |
0.57 |
0.24 |
137.50% |
|
Annualized EPS (In Rs.) |
13.13 |
13.89 |
-5.48% |
|
Net Worth per Share (In Rs.) |
119.70 |
118.87 |
0.70% |
