Rise in net interest income leads to excellent 72.74% rise in net profit of Kumari Bank in Q4; EPS stands at Rs 14.42
Thu, Aug 12, 2021 3:43 AM on Financial Analysis, Latest,
Kumari Bank Limited (KBL) has published its fourth-quarter report for the FY 2077/78 with an outstanding rise in net profit by 72.74%.
The bank’s profit has increased from Rs 1.15 arba in the fourth quarter of the fiscal year 2076/77 to Rs 2 arba in the fourth quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 1.09 arba as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposits from customers have a growth rate of 27.58% to Rs 1.48 kharba and loans and advances to customers have increased by 24.64% to Rs 1.37 kharba in the fourth quarter.
The net interest income of the bank (core business revenue) has increased by 46.56% to Rs 5.23 arba from Rs 3.57 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs 13.87 arba with Rs 5.11 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has decreased to 1.08% from 1.39%. The company's CCD and Base rate is 81.01% and 7.79% respectively.
The EPS of the bank stands at Rs 14.42. The net worth per share stands at Rs 136.89. The company traded at a P/E ratio of 25.73 times.
Financial Highlights:
| Particulars (In Rs '000") | Kumari Bank Limited | ||
|---|---|---|---|
| Q4 2077/78 | Q4 2076/77 | Difference | |
| Share Capital | 13,878,475 | 12,520,049 | 10.85% |
| Share Premium | 88,804 | 571,628 | -84.46% |
| Retained Earnings | 1,141,766 | 1,317,543 | -13.34% |
| Reserves | 3,889,235 | 2,858,953 | 36.04% |
| Deposits from Customers | 148,694,071 | 116,547,033 | 27.58% |
| Loans & Advances to customers | 137,998,572 | 110,717,260 | 24.64% |
| Net Interest Income | 5,236,955 | 3,573,198 | 46.56% |
| Impairment Charge/(Reversal) | 544,520 | 461,786 | 17.92% |
| Personnel Expenses | 2,238,172 | 1,408,601 | 58.89% |
| Operating Profit | 2,852,094 | 1,686,079 | 69.16% |
| Non Operating Income | 27,959 | 23,336 | 19.81% |
| Profit/(Loss) for the Year | 2,001,145 | 1,158,506 | 72.74% |
| Total Comprehensive Income | 2,137,126 | 1,303,224 | 63.99% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 1,094,207 | ||
| Capital Adequacy Ratio (CAR) | 13.71 | 15.35 | -10.68% |
| NPL | 1.08 | 1.39 | -22.30% |
| CCD (as per NRB Directives) | 81.01 | 75.85 | 6.80% |
| Cost of Fund (%) | 5.55 | 6.77 | -18.02% |
| Interest Rate Spread (%) | 3.13 | 4.07 | -23.10% |
| Base Rate (%) | 7.9 | 10.08 | -21.63% |
| EPS (In Rs.) | 14.42 | 9.25 | 55.83% |
| Net Worth per Share (In Rs.) | 136.89 | 137.92 | -0.75% |
| Qtr End PE Ratio (times) | 25.73 | - | - |
| Qtr End Market Price | 371 | - | - |
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