Excel Development Bank registers net profit of Rs 11.11crore in the third quarter; Hamro Bikas Bank’s EPS lowers to Rs 11.27 with Net worth per share at Rs 124

Birtamode based, Excel Development Bank Limited (EDBL) has posted significant decline of net profit with 5.05 percent for third quarter (Q3) in the FY 2074/75.

According to the published unaudited financial reports, the development bank faced a decline in its net profit from Rs 11.70 crore in Q3 of the previous FY 73/74 to Rs 11.11 crore in Q3 of the current FY 2074/75.

EDBL has paid up capital of Rs 69.26 crore in Q3 of FY 2074/75 and its reserve has gone up from Rs 19.77 crore to Rs 22.28 crore in Q3 of FY 2074/75 with a decent growth of 12.70 percent.

EDBL’s earning per share (EPS) is at Rs 21.39 from Rs 40.58 in the corresponding quarter.

Its net worth per share is at Rs 132.17 a decline of 12.71 percent and the P/E ratio at 15.99 times.

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Likewise, Hamro Bikas Bank Limited (HAMRO) has earned net profit of Rs 3.87 crore till the end of third quarter of the fiscal year 2074/75.

As per the quarterly unaudited financial statement released by the bank, its net profit has increased by 25.10% as compared to the third quarter last year. In this period, it has been able to increase its net interest income by almost 28.52% to Rs 7.96 crore.

Its deposit base has reached Rs 1.49 arba, up 27.19% from Rs 1.17 arba last year. Likewise, it has floated loans worth Rs 1.49 arba till Q3 this year whereas in the last year, the figure stood at Rs 1.02 arba. It has been able to reduce its non-performing loans (NPL) to 0.62% from 0.89% posted in the same period last year.

Its paid up capital at the end of Q3 stands at Rs 45.87 crore with a reserve of Rs 11.01 crore.

Its annualized EPS now stands at Rs 11.27, net worth per share at Rs 124 and P/E ratio at 13.13 times.

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