Rise in Interest Income and Non-operating income results outstanding growth in Net Profit of Kamana Sewa Bikas Bank in Q4; EPS stands at Rs 26.40
Sun, Jul 18, 2021 6:12 AM on Financial Analysis, Latest,
Kamana Sewa Bikas Bank Limited (KSBBL) has published its fourth-quarter report for the FY 2077/78 with an outstanding rise in net profit by 484.90%.
The development bank’s profit has increased from Rs 11.97 crore in the fourth quarter of the fiscal year 2076/77 to Rs 70.02 crore in the fourth quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 43.45 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has a growth rate of 39.32% to Rs 44.45 arba and loans and advances to customers have increased by 49.77% to Rs 38.82 arba till the fourth quarter. The bank's net interest income has increased by satisfactory 29.92% to Rs 1.49 arba from Rs 1.14 arba of the corresponding quarter.
The banks have earned a huge amount of Rs 28.76 crore as non-operating income.
The bank’s paid-up capital stands at Rs 2.65 arba with Rs 1.29 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has decreased to 1.5% from 1.79%.
In the fourth quarter, the EPS of the bank stands at Rs 26.40. The net worth per share stands at Rs 148.61 and the qtr end PE ratio stands at 21.97 times.
Financial Highlights:
Particulars (In Rs '000") | Kamana Sewa Bikas Bank | ||
---|---|---|---|
Q4 2077/78 | Q4 2076/77 | Difference | |
Share Capital | 2,651,964 | 2,540,195 | 4.40% |
Share Premium | 0 | 0 | |
Retained Earnings | 444,884 | 119,709 | 271.63% |
Reserves | 844,349 | 544,152 | 55.17% |
Deposits from Customers | 44,450,167 | 31,905,977 | 39.32% |
Loans & Advances to customers | 38,829,183 | 25,926,018 | 49.77% |
Net Interest Income | 1,490,326 | 1,147,133 | 29.92% |
Other Operating Income | 78,248 | 8,761 | 793.14% |
Impairment Charge/(Reversal) | 139,332 | 315,711 | -55.87% |
Personnel Expenses | 599,102 | 489,363 | 22.42% |
Operating Profit | 719,638 | 165,731 | 334.22% |
Non-Operating Income | 287,686 | ||
Profit/(Loss) for the Year | 700,240 | 119,719 | 484.90% |
Total Comprehensive Income | 700,074 | 129,290 | 441.48% |
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 434,521 | ||
Capital Adequacy Ratio (CAR) | 13.78 | 14.00 | -1.57% |
NPL | 1.5 | 1.79 | -16.20% |
CCD (as per NRB Directives) | 80.37 | 74.6 | 7.73% |
Cost of Fund (%) | 6.31 | 7.61 | -17.08% |
Interest Rate Spread (%) | 4.2 | 4.91 | -14.46% |
Base Rate (%) | 8.38 | 10.55 | -20.57% |
EPS (In Rs.) | 26.40 | 4.71 | 460.25% |
Net Worth per Share (In Rs.) | 148.61 | 126.13 | 17.82 |
Qtr End PE Ratio (times) | 21.97 | - | - |
Qtr End Market Price | 580 | - | - |