Purnima Bikas Bank’s net profit declines by 25% registering EPS at Rs 14.21; Karnali Development Bank’s net profit reaches 1.07 crores in the fourth quarter from 11 lakhs in the third quarter

Tue, Aug 7, 2018 8:28 AM on Financial Analysis, Latest, Stock Market,
Purnima Bi...

Purnima Bikas Bank Limited (PURBL) has posted a decrease in profit by 25.53 percent in the fourth quarter of the FY 2074/75.

Publishing the unaudited financial report today, the bank stated that its net profit has declined to Rs 7.45 crore in Q4 of fiscal year 2074/75 from Rs 10.01 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 13.72 crore in reserve.

The bank has collected deposits of Rs 2.87 arba in the fourth quarter up from Rs 2.40 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 2.42 arba in Q4 whereas in the same period last year the figure stood at Rs 2.03 arba.

Its non-performing loan (NPL) has surged to 0.12 percent in Q4 from 0.01 percent in the previous year report.

PURBL’s annualized earning per share (EPS) has declined to Rs 14.21 from Rs 28.42 in corresponding quarter. Its net worth per share stands at Rs 126.14.

Major Highlights:

Particulars (In Rs '000)

PURBL

Q4 2074/75

Q4 2073/74

Difference

Paid Up Capital

525,031

352,385

48.99%

Reserve & Surplus

137,217

148,678

-7.71%

Deposits

2,875,441

2,402,496

19.69%

Borrowings

-

-

-

Loans & Advances

2,429,121

2,034,092

19.42%

Net Interest Income

165,332

190,477

-13.20%

Provision for possible losses

5,185

3,482

48.89%

Operating Profit

113,036

155,305

-27.22%

Net Profit

74,589

100,153

-25.53%

NPL

0.12

0.01

1100.00%

Annualized EPS (In Rs.)

14.21

28.42

-50.01%

Net Worth per Share (In Rs.)

126.14

142.19

-11.29%

P/E Ratio (In times)

18.01

-

-

 

Karnali Development Bank Limited (KRBL) has earned net profit of Rs 1.02 crore till the end of fourth quarter of the fiscal year 2074/75.

As per the quarterly unaudited financial statement released by the bank, its net profit has declined by 22.39% as compared to the fourth quarter last year. However, in the third quarter of the FY 2074/75, its net profit amounted only to Rs 11.95 lakh.

Its deposit base has increased by 24.11% to Rs 2.48 arba, up from Rs 2 arba last year. Likewise, it has floated loans worth Rs 1.17 arba till Q4 this year whereas in the last year, the figure stood at Rs 1.03 arba. Its non-performing loans (NPL) have increased to 3.36% from 2.27% posted in the same period last year.

It's paid up capital at the end of Q3 stands at Rs 50.28 crore with a reserve of Rs 3.96 crore.

Its annualized EPS now stands at Rs 2.03 and net worth per share at Rs 107.88.

Major Highlights:

Particulars (In Rs '000)

KRBL

Q4 2074/75

Q4 2073/74

Difference

Paid Up Capital

502,830

151,000

233.00%

Reserve & Surplus

39,647

45,050

-11.99%

Deposits

2,484,541

2,001,814

24.11%

Borrowings

-

-

-

Loans & Advances

1,177,162

1,039,222

13.27%

Net Interest Income

73,020

70,915

2.97%

Provision for possible losses

7,250

2,432

198.11%

Operating Profit

16,034

20,658

-22.38%

Net Profit

10,203

13,146

-22.39%

NPL

3.36

2.27

48.02%

Annualized EPS (In Rs.)

2.03

8.71

-76.69%

Net Worth per Share (In Rs.)

107.88

129.83

-16.91%