Rise in net interest income leads to 35.25% growth in net profit of Prabhu Bank in Q1; EPS stands at Rs 32.96 with PE of just 7.22 times
Thu, Nov 12, 2020 5:20 AM on Company Analysis, Latest,
Prabhu Bank Limited (PRVU) has published its first-quarter report for the FY 2077/78 with a satisfactory rise in net profit by 35.25%.
The bank’s profit has increased from Rs 62.84 crore in the first quarter of the fiscal year 2076/77 to Rs 85 crore in the first quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 17.56 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has a growth rate of 3.54% (compared to the immediate previous year ending) to Rs 1.33 kharba and loans and advances to customers have increased by 16.75% (compared to the immediate previous year ending) to Rs 1.16 kharba in the first quarter. The net interest income of the bank has increased by 20.41% to Rs 1.69 arba from Rs 1.40 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs 10.31 arba with Rs 5.70 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has decreased to 2.67% from 3.32%.
In the first quarter, the annualized EPS of the bank stands at Rs 32.96. The net worth per share stands at Rs 155.30 and the qtr end PE ratio stands at 7.22 times.
Prabhu Bank Limited yet to announce dividends for FY 2076/77.
Major Highlights:
* FY 2076/77 Figure is of Immediate Previous Year Ending
|
Particulars (In Rs '000) |
Prabhu Bank |
||
|---|---|---|---|
|
Q1 2077/78 |
Q1 2076/77 |
Difference |
|
|
Share Capital* |
10,315,507 |
10,315,507 |
0.00% |
|
Share Premium* |
0 |
0 |
|
|
Retained Earnings* |
1,400,136 |
1,224,508 |
14.34% |
|
Reserves* |
4,304,612 |
3,857,894 |
11.58% |
|
Deposits from Customers* |
133,292,515 |
128,740,771 |
3.54% |
|
Loans & Advances to customers* |
116,067,074 |
99,413,817 |
16.75% |
|
Net Interest Income |
1,693,927 |
1,406,840 |
20.41% |
|
Net Fee and Commission Income |
315,020 |
240,872 |
30.78% |
|
Impairment Charge/(Reversal) |
86,272 |
124,980 |
- |
|
Personnel Expenses |
757,911 |
567,783 |
33.49% |
|
Operating Profit |
1,251,704 |
890,966 |
40.49% |
|
Profit/(Loss) for the Year |
850,014 |
628,467 |
35.25% |
|
Total Comprehensive Income |
641,828 |
541,625 |
18.50% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
175,628 |
|
|
|
Capital Adequacy Ratio (CAR) |
11.63 |
11.03 |
5.44% |
|
NPL |
2.67 |
3.32 |
-19.58% |
|
CCD (as per NRB Directives) |
72.79 |
77.81 |
-6.45% |
|
Cost of Fund (%) |
4.89 |
6.15 |
-20.49% |
|
Interest Rate Spread (%) |
4.37 |
5.15 |
-15.15% |
|
Base Rate (%) |
7.39 |
9.24 |
-20.02% |
|
Annualized EPS (In Rs.) |
32.96 |
24.37 |
35.25% |
|
Net Worth per Share (In Rs.) |
155.30 |
149.27 |
4.04% |
|
Qtr End PE Ratio (times) |
7.22 |
- |
- |
|
Qtr End Market Price |
238 |
- |
- |
