Rise in net interest income leads to 49.89% increment in net profit of Kumari Bank in Q1; EPS stands at Rs 19.25
Mon, Nov 9, 2020 10:37 AM on Financial Analysis, Company Analysis, Latest,
Kumari Bank Limited (PCBL) has published its first-quarter report for the FY 2077/78 with rise in net profit by 49.89%. Kumari Bank Limited has acquired with Deva Bikas Bank Limited at the end of fiscal year 2076/77. The growth in net profits seen mainly due to higher spread rate and higher net interest income.
The bank’s profit has increased from Rs 40.19 crore in the first quarter of the fiscal year 2076/77 to Rs 60.25 crore in the first quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 25.19 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has increased by a meager 0.41% (compared to the immediate previous year ending) to Rs 1.17 kharba and loans and advances to customers have increased by meager 0.41% (compared to the immediate previous year ending) to Rs 1.10 kharba in the first quarter. The net interest income of the bank has increased by 43.24% to Rs 1.31 arba from Rs 91.85 crore of the corresponding quarter.
The bank’s paid-up capital stands at Rs 12.52 arba with Rs 5.26 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has increased to 1.43% from 1.05%. The bank credit to deposit ratio stands (CCD) at 75.31%.
In the first quarter, the annualized EPS of the bank stands at Rs 19.25. The net worth per share stands at Rs 142.05 and the qtr end PE ratio stands at 11.58 times.
Kumari Bank amends dividend for FY 2076/77; 10.85% bonus shares to be distributed now
Major Highlights:
- FY 2076/77 Figure is of Immediate Previous Year Ending
|
Particulars (In Rs '000) |
Kumari Bank |
||
|---|---|---|---|
|
Q1 2077/78 |
Q1 2076/77 |
Difference |
|
|
Share Capital* |
12,520,049 |
12,520,049 |
0.00% |
|
Share Premium* |
0 |
0 |
|
|
Retained Earnings* |
1,670,425 |
1,317,543 |
26.78% |
|
Reserves* |
3,594,339 |
3,341,777 |
7.56% |
|
Deposits from Customers* |
117,026,018 |
116,547,033 |
0.41% |
|
Loans & Advances to customers* |
110,325,268 |
110,717,260 |
-0.35% |
|
Net Interest Income |
1,315,697 |
918,549 |
43.24% |
|
Fee and Commission Income |
151,067 |
176,096 |
-14.21% |
|
Impairment Charge/(Reversal) |
13,475 |
69,557 |
- |
|
Personnel Expenses |
463,389 |
346,190 |
33.85% |
|
Operating Profit |
860,501 |
566,294 |
51.95% |
|
Profit/(Loss) for the Year |
602,543 |
401,989 |
49.89% |
|
Total Comprehensive Income |
605,443 |
401,660 |
50.74% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
259,132 |
|
|
|
Capital Adequacy Ratio (CAR) |
14.93 |
11.57 |
29.04% |
|
NPL |
1.43 |
1.05 |
36.19% |
|
CCD (as per NRB Directives) |
75.31 |
79.8 |
-5.63% |
|
Cost of Fund (%) |
6.28 |
7.22 |
-13.02% |
|
Interest Rate Spread (%) |
4.36 |
3.75 |
16.27% |
|
Base Rate (%) |
8.4 |
10.68 |
-21.35% |
|
Annualized EPS (In Rs.) |
19.25 |
12.84 |
49.89% |
|
Net Worth per Share (In Rs.) |
142.05 |
137.21 |
3.52% |
|
Qtr End PE Ratio (times) |
11.58 |
- |
- |
|
Qtr End Market Price |
223 |
- |
- |
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