Tinau Development Bank’s minimal increment in net profit; EPS reaches Rs 16.08 with 1.94% rise in profit

Thu, Jan 24, 2019 7:50 AM on Financial Analysis, Latest, Stock Market,

Tinau Development Bank (TNBL) has registered a net profit increment of 1.94 percent in the second quarter (Q2) of the fiscal year 2075/76.

As per the unaudited report for the second quarter published today, the bank’s net profit has increased to Rs 4.07 crore in the second quarter of fiscal year 2075/76, which was Rs 3.99 crore reported in the same quarter of the fiscal year 2074/75.

The bank has collected Rs 5.17 arba in deposits and disbursed Rs 4.41 arba in loans in Q1 as compared to Rs 4.33 arba in deposits and Rs 3.52 arba in loans in the corresponding quarter last year.

Its Non-performing loan has increased to 0.46% from corresponding quarter’s 0.28%.

The company has Rs 50.69 crore as the paid up capital with Rs 18.76 crore in its reserve.

The annualized EPS of the development bank stands at Rs 16.08 and the Net worth of the company stands at Rs 137.02. It has the PE ratio of 9.52 times.

Major Highlights:

Particulars (In Rs '000)

TNBL

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

506,935

506,935

0.00%

Reserve & Surplus

187,651

115,916

61.89%

Deposits

5,173,803

4,332,472

19.42%

Borrowings

-

-

-

Loans & Advances

4,412,356

3,523,090

25.24%

Net Interest Income

96,079

80,302

19.65%

Provision for possible losses

16,921

9,338

81.20%

Operating Profit

54,914

52,056

5.49%

Net Profit

40,748

39,972

1.94%

NPL (%)

0.46

0.28

64.29%

Annualized EPS (In Rs.)

16.08

15.77

1.94%

Net Worth per Share (In Rs.)

137.02

122.87

11.52%

P/E Ratio (In times)

9.52

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