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Everest Bank publishes its Q3 report; Net profit rises by 18.19% and EPS stands at Rs 29.66

Fri, Apr 20, 2018 12:48 AM on Financial Analysis, Latest, Stock Market,
-ShareSansar

Everest Bank Limited (EBL) has posted profit rise of 18.19 percent in the third quarter (Q3) of the current fiscal year 2074/75.

The net profit of the company rose to Rs 1.80 arba in Q3 up from Rs 1.52 arba in the corresponding quarter of the previous fiscal year 2073/74.

Publishing the unaudited financial report for the third quarter today, the commercial bank has stated that its operating profit has surged to Rs 2.79 arba in Q3, up from Rs 2.35 arba in the corresponding quarter of the last fiscal year.

EBL’s has a paid up capital of Rs 8.1 arba with reserve of Rs 5.85 arba. Its net interest income has risen to Rs 3.25 arba in Q3 up from Rs 2.67 arba in the corresponding quarter. The bank has also collected Rs 1.06 kharba in deposits and disbursed Rs 88.17 arba in loans as compared to Rs 92.81 arba in deposits and Rs 73.55 arba in loans in the corresponding quarter last year.

Its non-performing loan (NPL) is at 0.23% in Q3 of the current fiscal year which was 0.67% in the corresponding quarter.

Everest bank earning per share (EPS) stands at Rs 29.66 in Q3, its net worth per share stand at Rs 172.21 while the P/E ratio at 26.6 times.

Major Highlights:

Particulars (In Rs '000)

EBL

Q3 2074/75

Q3 2073/74

Difference

Paid Up Capital

8,106,863

4,606,427

75.99%

Reserve & Surplus

5,853,810

5,433,543

7.73%

Deposits

106,944,082

92,811,441

15.23%

Borrowings

23,527

12,500

88.22%

Loans & Advances

88,173,047

73,550,546

19.88%

Net Interest Income

3,250,941

2,674,962

21.53%

Provision for possible losses

118,018

91,533

28.93%

Operating Profit

2,798,209

2,355,056

18.82%

Net Profit

1,803,481

1,525,882

18.19%

NPL (%)

0.23

0.67

-65.67%

Annualized EPS (In Rs.)

29.66

44.17

-32.84%

Net Worth per Share (In Rs.)

172.21

217.96

-20.99%

P/E Ratio (In times)

26.6

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