See the major highlights from Q1 report of Purnima Bikas Bank and Western Development Bank
Sun, Nov 4, 2018 10:02 AM on Financial Analysis, Latest, Stock Market,
Purnima Bikas Bank Limited (PURBL) has posted an increase in profit by 14.38 percent in the first quarter of the FY 2075/76.
Publishing the unaudited financial report today, the bank stated that its net profit has increased to Rs 1.50 crore in Q1 of fiscal year 2075/76 from Rs 1.31 crore in the corresponding period of the previous fiscal year 2074/75.
Purnima Bikas Bank’s paid up capital remains at Rs. 52.50 crore with Rs 19.03 crore in reserve.
The bank has collected deposits of Rs 3.29 arba in the first quarter up from Rs 2.53 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 2.82 arba in Q1 whereas in the same period last year the figure stood at Rs 2.09 arba.
Its non-performing loan (NPL) has surged to 0.56 percent in Q1 from 0.36 percent in the previous year report.
PURBL’s annualized earning per share (EPS) has declined to Rs 11.47 from Rs 11.95 in corresponding quarter. Its net worth per share stands at Rs 136.26 with P/E Ratio of 13.95 times.
Major Highlights:
|
Particulars (In Rs '000) |
PURBL |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
525,031 |
440,481 |
19.19% |
|
Reserve & Surplus |
190,354 |
220,274 |
-13.58% |
|
Deposits |
3,295,503 |
2,530,348 |
30.24% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
2,826,445 |
2,099,928 |
34.60% |
|
Net Interest Income |
38,484 |
31,865 |
20.77% |
|
Provision for possible losses |
9,236 |
3,146 |
193.54% |
|
Operating Profit |
23,653 |
19,744 |
19.80% |
|
Net Profit |
15,052 |
13,160 |
14.38% |
|
NPL (%) |
0.56 |
0.36 |
55.56% |
|
Annualized EPS (In Rs.) |
11.47 |
11.95 |
-4.04% |
|
Net Worth per Share (In Rs.) |
136.26 |
150.01 |
-9.17% |
|
P/E Ratio (In times) |
13.95 |
|
|
Western Development Bank Limited (WDBL) has published unaudited financial report for the first quarter today. It has stated that net profit has significantly decreased to Rs 60.34 lakh in first quarter of fiscal year 2075/76 from Rs 88.07 lakh reported in the corresponding quarter of the previous fiscal year 2074/75.
Likewise, it extended loans of Rs 2.68 arba from Rs 2.30 arba. It has collected deposits of Rs 3.20 arba in the first quarter of the current fiscal year. It has paid up capital of Rs 50.40 crore with reserve of Rs 5.17 crore in Q1.
Its net interest income has also decreased from Rs 3.53 crore in the corresponding quarter last year to Rs 3.53 crore in the first quarter of fiscal year 2075/76. Its operating profit has declined to Rs 94.83 lakh in Q1, from Rs 1.38 crore in corresponding quarter.
Earnings per Share (EPS) stands at Rs 4.79. The development bank’s non-performing loan (NPL) has slightly increased to 0.93 percent in the current quarter. Currently, Net worth per share stands at Rs 110.27. The development bank is being acquired by Deva Bikas Bank Limited due to which the transaction of its shares in the secondary market is on halt.
Major Highlights:
|
Particulars (In Rs '000) |
WDBL |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
504,068 |
440,481 |
14.44% |
|
Reserve & Surplus |
51,749 |
65,050 |
-20.45% |
|
Deposits |
3,208,767 |
2,808,450 |
14.25% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
2,681,911 |
2,305,836 |
16.31% |
|
Net Interest Income |
26,993 |
35,305 |
-23.54% |
|
Provision for possible losses |
8,472 |
13,233 |
-35.98% |
|
Operating Profit |
9,483 |
13,839 |
-31.48% |
|
Net Profit |
6,034 |
8,807 |
-31.48% |
|
NPL (%) |
0.93 |
0.68 |
36.76% |
|
Annualized EPS (In Rs.) |
4.79 |
8.00 |
-40.12% |
|
Net Worth per Share (In Rs.) |
110.27 |
114.77 |
-3.92% |
