Tinau Development Bank Limited (TNBL) has stated 22.87% dwindle in net profit in the second quarter of the current fiscal year 2074/75. Its net profit has dwindle to Rs 3.99 crore in second quarter from Rs 5.18 crore in the corresponding quarter of the fiscal year 2073/74.
According to the unaudited financial report published by the development bank today, its net interest income has also fallen to Rs 8.03 crore in Q2 as compared to Rs 9.81 crore in the corresponding quarter.
It’s paid up capital remains at Rs 50.69 crore (inclusive of 10% bonus shares from the net profit of FY 2073/74) with Rs 11.59 crore in reserve.
Deposits collection reached Rs 4.33 arba in Q2 and floated loans of Rs 3.52 arba.
Its NPL stands at 0.28%.
Its annualized earning per share (EPS) stand at Rs 15.77, Net worth per share at Rs 122.87 and P/E ratio at 15.47 times.
Major Highlights:
| Particulars (In Rs '000) |
TNBL |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
506,934 |
387,560 |
30.80% |
| Reserve & Surplus |
115,915 |
92,321 |
25.56% |
| Deposits |
4,332,471 |
3,640,972 |
18.99% |
| Borrowings |
- |
- |
#DIV/0! |
| Loans & Advances |
3,523,090 |
3,099,469 |
13.67% |
| Net Interest Income |
80,302 |
98,143 |
-18.18% |
| Provision for possible losses |
93,380 |
7,887 |
1083.97% |
| Operating Profit |
52,056 |
79,548 |
-34.56% |
| Net Profit |
39,971 |
51,824 |
-22.87% |
| NPL (%) |
0.28 |
0.31 |
-9.68% |
| Annualized EPS (In Rs.) |
15.77 |
26.74 |
-41.03% |
| Net Worth per Share (In Rs.) |
122.87 |
123.82 |
0.76% |
| P/E Ratio (In times) |
15.47 |
- |
- |
