Purnima Bikas Bank Limited (PURBL) has registered a net profit rise of 73.35 percent in the second quarter (Q2) of the fiscal year 2073/74.
As per the development bank’s unaudited report for the second quarter, its net profit has increased to Rs. 4.66 crore in the second quarter of fiscal year 2073/74, up from Rs 2.69 crore reported in the same quarter of the fiscal year 2072/73.
In the second quarter, Purnima Bikas Bank’s net interest income has risen to Rs 8.74 crore, up from Rs 5.39 crore in the previous corresponding quarter.
The bank has collected Rs 2.43 arba in deposits and disbursed Rs 2.04 arba in loans in Q2 as compared to Rs 1.97 arba in deposits and Rs 1.39 arba in loans in the corresponding quarter last year.The bank has provisioned Rs 47.29 lakh for possible losses whereas the bank’s is able to write back Rs 4.83 thousand in Q2.
Purnima Bikas Bank has paid up capital of Rs 35.23 crore with reserve of Rs 9.51 crore.
The commercial bank CD ratio stands at 72.51% and non-performing loan (NPL) rose to 0.31% from 0.15% in Q2.
Its Earning per Share (EPS) stands at Rs 26.47, net worth per share is at Rs 127.01 and P/E ratio at 12.47 times.
Purnima Bikas Bank had provided 24.7% bonus share for the FY 2072/73, and has endorsed 25% right shares. After the right, its paid up capital will reach Rs 44.04 crore. As a 3-district level development bank, it will need to increase its paid up capital to Rs 50 crore by the end of FY 2073/74, for which it is short by 13.5%.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
352,385.13 |
201,708.72 |
74.70% |
| Reserve and Surplus |
95,161.83 |
51,155.24 |
86.03% |
| Deposits |
2,432,539.98 |
1,978,763.05 |
22.93% |
| Loans and Advances |
2,046,369.04 |
1,390,768.35 |
47.14% |
| Net Interest Income |
87,437.99 |
53,937.83 |
62.11% |
| Provision |
4,729.34 |
1,579.67 |
- |
| Write Back |
4.83 |
308.39 |
- |
| Operating Profit |
72,825.53 |
41,651.44 |
74.85% |
| Net Profit |
46,636.99 |
26,903.33 |
73.35% |
| Capital Adequacy Ratio |
18.47% |
14.94% |
- |
| NPL |
0.31% |
0.15% |
106.67% |
| Base Rate |
7.90% |
|
- |
| Cost of Fund |
4.87% |
5.27% |
|
| CD Ratio (as per NRB) |
72.51% |
63.10% |
- |
| EPS (Annualized) |
26.47 |
26.68 |
-0.77% |
| PE Ratio |
12.47 |
|
|
| Networth Per Share |
127.01 |
|
|
