Tinau Development Bank has registered a net profit rise of 102 percent in the second quarter (Q2) of the fiscal year 2073/74.
As per the unaudited report for the first quarter published today, the bank’s net profit has risen to Rs 9.23 crore in the second quarter of fiscal year 2073/74, up from Rs 4.90 crore reported in the same quarter of the fiscal year 2072/73.
The bank has collected Rs 3.64 arba in deposits and disbursed Rs 3.09 arba in loans in Q2 as compared to Rs 2.80 arba in deposits and Rs 2.07 arba in loans in the corresponding quarter last year.
The development bank’s CD ratio stands at 75.29% and non-performing loan (NPL) dropped to 0.34% from 0.15% in Q2.
Its Earning per Share (EPS) stands at Rs 30.36, net worth per share at Rs 123.82 and P/E ratio at 11.10 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
387,560.21 |
242,279.30 |
59.96% |
| Reserve and Surplus |
92,321.10 |
49,077.15 |
88.11% |
| Deposits |
3,640,972.64 |
2,803,853.02 |
29.86% |
| Loans and Advances |
3,099,469.67 |
2,076,064.14 |
49.30% |
| Net Interest Income |
98,143.60 |
55,299.84 |
77.48% |
| Provision |
7,887.32 |
3,889.60 |
- |
| Write Back |
359.16 |
|
- |
| Operating Profit |
79,548.32 |
40,248.23 |
97.64% |
| Net Profit |
51,824.08 |
25,612.51 |
102.34% |
| Capital Adequacy Ratio |
13.50% |
11.68% |
- |
| NPL |
0.34% |
0.15% |
- |
| Cost of Fund |
5.51% |
5.73% |
|
| CD Ratio (as per NRB) |
75.29% |
67.07% |
- |
| EPS (Annualized) |
30.36 |
21.14 |
43.59% |
| PE Ratio |
11.10 |
|
|
| Networth Per Share |
123.82 |
120.26 |
|
