Rise in core business revenue leads to excellent 78.58% rise in net profit of Kumari Bank in Q3; EPS stands at Rs 17.37
Sun, Apr 25, 2021 5:02 AM on Financial Analysis, Latest,
Kumari Bank Limited (KBL) has published its third-quarter report for the FY 2077/78 with an outstanding rise in net profit by 78.58%.
The bank’s profit has increased from Rs 1.01 arba in the third quarter of the fiscal year 2076/77 to Rs 1.80 arba in the third quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 98.46 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposits from customers have a growth rate of 9.57% (compared to the immediate previous year ending) to Rs 1.27 kharba and loans and advances to customers have increased by 16.55% (compared to the immediate previous year ending) to Rs 1.29 kharba in the third quarter.
The net interest income of the bank (core business revenue) has increased by 39.04% to Rs 3.82 arba from Rs 2.75 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs 13.87 arba with Rs 4.92 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has slightly increased to 1.09% from 0.98%.
The annualized EPS of the bank stands at Rs 17.37. The net worth per share stands at Rs 135.49. The company traded at a P/E ratio of 18.88 times.
Financial Highlights:
* Figure is of Immediate Previous Year Ending
| Particulars (In Rs '000") | Kumari Bank Limited | ||
|---|---|---|---|
| Q3 2077/78 | Q3 2076/77 | Difference | |
| Share Capital* | 13,878,475 | 12,520,049 | 10.85% |
| Share Premium* | 88,804 | 571,628 | |
| Retained Earnings* | 1,032,210 | 1,317,543 | -21.66% |
| Reserves* | 3,804,046 | 2,858,953 | 33.06% |
| Deposits from Customers* | 127,696,586 | 116,547,033 | 9.57% |
| Loans & Advances to customers* | 129,041,586 | 110,717,260 | 16.55% |
| Net Interest Income | 3,827,218 | 2,752,684 | 39.04% |
| Impairment Charge/(Reversal) | -5,141 | 181,770 | 0.00% |
| Personnel Expenses | 1,618,291 | 1,123,647 | 44.02% |
| Operating Profit | 2,596,776 | 1,488,906 | 74.41% |
| Profit/(Loss) for the Year | 1,808,484 | 1,012,714 | 78.58% |
| Total Comprehensive Income | 1,942,382 | 1,000,100 | 94.22% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 984,650 | ||
| Capital Adequacy Ratio (CAR) | 13.98 | 13.06 | 7.04% |
| NPL | 1.09 | 0.98 | 11.22% |
| CCD (as per NRB Directives) | 81.23 | 79.8 | 1.79% |
| Cost of Fund (%) | 5.09 | 7.56 | -32.67% |
| Interest Rate Spread (%) | 3.19 | 4.65 | -31.40% |
| Base Rate (%) | 7.63 | 10.65 | -28.36% |
| Annualized EPS (In Rs.) | 17.37 | 10.78 | 61.10% |
| Net Worth per Share (In Rs.) | 135.49 | 137.92 | -1.77% |
| Qtr End PE Ratio (times) | 18.88 | - | - |
| Qtr End Market Price | 328 | - | - |
