Q1 report of Kabeli Bikas Bank shows net profit of Rs 47.73 lakh; EPS stands at Rs 9.07

Kabeli Bikas Bank Limited (KEBL) has reported huge rise in its net profit in the first quarter (Q1) of the current fiscal year 2075/76.

According to the unaudited financial report published by the development bank today, its net profit has risen to Rs 47.73 lakh in first quarter, from Rs 3.39 lakh in the corresponding quarter of the last fiscal year 2074/75. The operating profit also surged to Rs 62.10 lakh in Q1 from Rs 5.33 lakh as compared to the corresponding quarter of last fiscal year.

However, its earnings per share (EPS) stand at Rs 9.07 in Q1. Its net worth per share stand at Rs 157.90 per share and P/E ratio is at 32.49 times.

KEBL’s net interest income has also increased to Rs 1.83 crore in the first quarter as compared to Rs 1.09 crore in the corresponding quarter last year. Its deposits collection increased to Rs 88.23 crore in Q1 from Rs 69.08 crore in the corresponding period last year.

Up to the end of Q1, it extended loans and advances of Rs 75.79 crore whereas in the same period last year, the figure stood at Rs 57.26 crore.

Its non-performing loan has increased in this period to 4.75% compared to 3.45% in corresponding quarter.

Its paid up capital now stands at Rs 21.05 crore. KEBL managed to increase its reserve and surplus to Rs 12.19 crore in Q1 from Rs 8.17 crore in corresponding quarter.