With A Decline In Core Business Revenue Kumari Bank Limited Reports 10.19% Decline In Net Profit In Q1
Sun, Oct 31, 2021 10:05 AM on Company Analysis, Latest,
Kumari Bank Limited (KBL) has posted a decline in net profit of 10.19% in the first quarter of the fiscal year 2078/2079. The net profit declined to Rs. 54.11 crores from Rs. 60.25 crores of the corresponding quarter of the previous year.
The loans and advances for the quarter increased by 6.41% to Rs. 1.52 Kharba from Rs. 1.38 Khrba (compared to immediate previous year ending). The deposit increased to Rs. 1.55 Kharba in this quarter (compared to immediate previous year ending).
The Net Interest income (Core business revenue) for the company declined by 2.19% to Rs. 1.28 Arba.
Kumari Bank has a paid-up capital of Rs. 13.87 Arba and a reserve and surplus of Rs. 5.35 Arba.
Its Non-Performing loan (NPL) has stood at 0.82% in this quarter. Its annualized Earnings per Share stands at Rs. 15.60 and net worth per share stood at Rs. 138.56. The company traded at a P/E multiple of 18.47 times.
Financial Highlights:
|
Particulars |
Kumari Bank Limited |
||
|---|---|---|---|
|
Q1, 2078/2079 |
Q1, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
13,878,474.84 |
13,878,474.84 |
- |
|
Share Premium |
88,804.04 |
88,804.04 |
- |
|
Retained Earnings |
1,324,764.70 |
1,247,097.06 |
6.23% |
|
Reserves |
3,938,632.18 |
3,677,846.13 |
7.09% |
|
Deposits from Customers |
155,182,644.22 |
145,838,231.01 |
6.41% |
|
Loans & Advances to Customers |
152,376,169.78 |
138,897,925.00 |
9.70% |
|
Net Interest Income |
1,286,933.78 |
1,315,696.90 |
-2.19% |
|
Fee and Commission Income |
261,561.90 |
151,066.84 |
73.14% |
|
Impairment Charge/ (Reversal) |
132,772.55 |
13,475.15 |
- |
|
Personnel Expenses |
687,738.55 |
463,389.37 |
48.41% |
|
Operating Profit |
769,483.20 |
860,500.82 |
-10.58% |
|
Profit/ (Loss) for the period |
541,119.92 |
602,543.01 |
-10.19% |
|
Total Comprehensive Income |
338,453.70 |
605,443.36 |
-44.10% |
|
Distributable Profit/(Loss) after P/L appropriations and Regulatory Adjustments |
1,106,310.24 |
- |
- |
|
Capital Adequacy Ratio (CAR) (%) |
14.93% |
14.93% |
- |
|
Non-Performing Loan (NPL) |
0.82% |
1.43% |
- |
|
CD (as per NRB Directive) |
92.13% |
73.31% |
- |
|
Cost of Fund (%) |
5.46% |
6.28% |
- |
|
Base Rate (%) |
7.88% |
8.40% |
- |
|
Annualized EPS (Rs.) |
15.60 |
17.37 |
-10.19% |
|
Net Worth per share (Rs.) |
138.56 |
136.13 |
1.79% |
|
Qtr End PE Ratio (Rs.) |
18.47 |
- |
- |
|
Qtr End Market Price |
288 |
- |
- |
|
Price to Book (PB Ratio) |
2.08 |
- |
- |
