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.

Click here for Q4 report:

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 - -