Tinau Development Bank’s net profit falls by 48.91%; EPS and Net worth per share stand at Rs 6.32 and Rs 130.69 respectively
Wed, Nov 21, 2018 12:23 PM on Financial Analysis, Latest, Stock Market,
Tinau Development Bank (TNBL) has registered a net profit decline of 48.91 percent in the first quarter (Q1) of the fiscal year 2075/76.
As per the unaudited report for the first quarter published today, the bank’s net profit has fallen to Rs 80.09 lakh in the first quarter of fiscal year 2075/76, which was Rs 1.56 crore reported in the same quarter of the fiscal year 2074/75.
The bank has collected Rs 5.006 arba in deposits and disbursed Rs 4.17 arba in loans in Q1 as compared to Rs 4.007 arba in deposits and Rs 3.25 arba in loans in the corresponding quarter last year. Its Non performing loan has decreased to 0.27% from corresponding quarter’s 0.36%.
The company has Rs 50.69 crore as the paid up capital with Rs 15.55 crore in its reserve.
The annualized EPS of the development bank stands at Rs 6.32 and the Net worth of the company stands at Rs 130.69. It has the PE ratio of 29.91 times.
Major Highlights:
|
Particulars (In Rs '000) |
TNBL |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
506,935 |
460,850 |
10.00% |
|
Reserve & Surplus |
155,577 |
160,448 |
-3.04% |
|
Deposits |
5,006,125 |
4,007,419 |
24.92% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
4,179,674 |
3,252,849 |
28.49% |
|
Net Interest Income |
28,444 |
31,257 |
-9.00% |
|
Provision for possible losses |
6,992 |
4,329 |
61.50% |
|
Operating Profit |
8,222 |
18,570 |
-55.72% |
|
Net Profit |
8,009 |
15,677 |
-48.91% |
|
NPL (%) |
0.27 |
0.36 |
-25.00% |
|
Annualized EPS (In Rs.) |
6.32 |
13.61 |
-53.56% |
|
Net Worth per Share (In Rs.) |
130.69 |
134.82 |
-3.06% |
|
P/E Ratio (In times) |
29.91 |
- |
|
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