Write Back of provision for possible losses increase net profit of Corporate Development Bank; EPS stand at Rs 54.28
Sun, Nov 4, 2018 2:37 PM on Financial Analysis, Latest, Stock Market,
Corporate Development Bank Limited (CORBL) has reported net profit of Rs 4.91 crore for the first quarter of the fiscal year 2075/76.
As per the unaudited first quarter report published, the development bank’s loss was Rs 4.17 lakh in the corresponding quarter of the FY 2074/75. Majority of the profit has been raised from the write back of provision for possible loss.
The development bank was recently removed from Crisis –Ridden institution. It earned Rs 1.10 crore as net interest income which has increased by 4.09%.
The paid-up capital stands at Rs 36.22 crore with negative reserve of Rs 9.25 crore.
Earning per share (EPS) stands at Rs 54.28 and Net worth per share stands at Rs 74.46.
Major Highlights:
|
Particulars (In Rs '000) |
CORBL |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
362,250 |
305,000 |
18.77% |
|
Reserve & Surplus |
-92,506 |
208,780 |
-55.69% |
|
Deposits |
84,935 |
77,232 |
9.97% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
155,017 |
5,268 |
2842.62% |
|
Net Interest Income |
11,084 |
946 |
1071.67% |
|
Provision for possible losses |
- |
- |
- |
|
Operating Profit |
5,458 |
-417 |
- |
|
Net Profit |
49,160 |
-417 |
- |
|
NPL (%) |
45.08 |
97.17 |
-53.61% |
|
Annualized EPS (In Rs.) |
54.28 |
-0.55 |
- |
|
Net Worth per Share (In Rs.) |
74.46 |
168.45 |
-25.48% |
|
P/E Ratio (In times) |
1.8 |
|
|
