See major highlights from the first quarter report of Kanchan Development Bank
Thu, Oct 25, 2018 2:27 PM on Financial Analysis, Latest, Stock Market,
Kanchan Development Bank Limited (KADBL) has registered an increase in net profit of 19.05% in the first quarter of the current FY 2075/76.
According to the unaudited financial report published by the development bank today, its net profit has increased to Rs. 1.19 crore in first quarter, from Rs. 1 crore in the corresponding quarter of the previous fiscal year.
KADBL’s net interest income has risen to Rs 4.80 crore in Q1 as compared to Rs. 3.03 crore in the corresponding quarter of the last fiscal year.
As of Q1, it has a paid up capital of Rs 50.60 crore with a reserve of Rs 14.21 crore.
The bank also collected deposits of Rs 4.30 arba in Q1, up from Rs 3.04 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 3.79 arba in Q1 whereas in the same period last year, the figure stood at Rs. 2.68 arba.
KADBL’s annualized Earning per Share (EPS) has increased by 5.64% to Rs 9.48 per share. Its Net worth per share stands at Rs 128.10 and P/E ratio at 18.79 times.
Major Highlights:
|
Particulars (In Rs '000) |
KADBL |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
506,000 |
448,994 |
12.70% |
|
Reserve & Surplus |
142,192 |
117,394 |
21.12% |
|
Deposits |
4,304,744 |
3,046,217 |
41.31% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
3,793,439 |
2,686,177 |
41.22% |
|
Net Interest Income |
48,006 |
30,365 |
58.10% |
|
Provision for possible losses |
9,093 |
3,000 |
203.10% |
|
Operating Profit |
18,332 |
14,524 |
26.21% |
|
Net Profit |
11,986 |
10,068 |
19.05% |
|
NPL (%) |
0.8 |
0.65 |
23.08% |
|
Annualized EPS (In Rs.) |
9.48 |
8.97 |
5.64% |
|
Net Worth per Share (In Rs.) |
128.10 |
126.15 |
1.55% |
|
P/E Ratio (In times) |
18.79 |
||
