Kumari Bank gains whooping 87.73% in the net profit; Agricultural Development Bank registers Rs 1.78 arba as its net profit in the third quarter
Fri, Apr 27, 2018 5:56 AM on Financial Analysis, Latest, Stock Market,
Kumari Bank Limited (KBL) has registered a net profit growth of 87.73% in the third quarter of the current FY 2074/75.
According to the unaudited financial report published by the commercial bank today, its net profit has increased to Rs. 70.56 crore in the third quarter, up from Rs. 37.58 crore in the corresponding quarter of the previous fiscal year.
KBL’s net interest income has risen to Rs 1.34 arba in Q3 as compared to Rs. 81.37 crore in the corresponding quarter of the last fiscal year. As of Q3, it has a paid up capital of Rs 5.96 arba with a reserve of Rs 2.81 arba.
The bank also collected deposits of Rs 61.84 arba up from 39.03 arba in the corresponding quarter of previous year. Likewise, it has extended loans and advances of Rs 59.84 arba in Q3 whereas in the same period last year, the figure stood at Rs 34.48 arba. It has a CCD ratio of 78.69%
KBL’s annualized Earnings per Share (EPS) has slightly increased to Rs 15.76 per share.
It has a Net worth of Rs 147.11 per share. The PE ratio is 15.86 times. Its NPL has also dropped from 1.26% to 1.24%.
Major Highlights:
|
Particulars (In Rs '000) |
KBL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
5,969,469 |
3,265,992 |
82.78% |
|
Reserve & Surplus |
2,812,200 |
1,143,499 |
145.93% |
|
Deposits |
61,841,742 |
39,035,512 |
58.42% |
|
Borrowings |
1,467,594 |
1,076,648 |
36.31% |
|
Loans & Advances |
59,849,368 |
34,486,276 |
73.55% |
|
Net Interest Income |
1,341,692 |
813,786 |
64.87% |
|
Provision for possible losses |
169,081 |
135,646 |
24.65% |
|
Operating Profit |
852,870 |
508,463 |
67.73% |
|
Net Profit |
705,676 |
375,897 |
87.73% |
|
NPL (%) |
1.24 |
1.26 |
-1.59% |
|
Annualized EPS (In Rs.) |
15.76 |
15.35 |
2.71% |
|
Net Worth per Share (In Rs.) |
147.11 |
135.01 |
8.96% |
|
ROE (Annualised)% |
10.71 |
17.31 |
-38.13% |
|
ROA (Annualised)% |
1.26 |
1.62 |
-22.22% |
|
P/E Ratio (In times) |
15.86 |
- |
- |
Likewise, Agricultural Development Bank Limited (ADBL) has posted a net profit rise of 13.56% in the third quarter of the fiscal year 2074/75.
As per the unaudited report, its net profit has increased to Rs 1.788 arba, up from Rs 1.57 arba in the same period last year.
ADBL’s operating profit, however, has decreased by a massive 53.22% to Rs 84.93 crore. With a possible loss provision of almost Rs 1.88 arba, most of the operating profit could not convert to net profit. Its net interest income up to the end of Q3 has reached Rs 4.30 arba.
As of the end of Q3, its deposit base has reached a whopping Rs 97.10 arba with floated loans of Rs 94.89 arba. Its CCD ratio stands at 79.13%.
ADBL’s paid up capital now stands at Rs 13.93 arba, reserve at Rs 8.50 arba and net worth per share at Rs 161.02.
Major Highlights:
|
Particulars (In Rs '000) |
ADBL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
13,937,928 |
12,520,392 |
11.32% |
|
Reserve & Surplus |
8,505,216 |
7,087,680 |
20.00% |
|
Deposits |
97,105,612 |
89,530,488 |
8.46% |
|
Borrowings |
611,936 |
716,454 |
-14.59% |
|
Loans & Advances |
94,897,119 |
88,688,560 |
7.00% |
|
Net Interest Income |
4,307,469 |
5,151,590 |
-16.39% |
|
Provision for possible losses |
1,889,992 |
928,923 |
103.46% |
|
Operating Profit |
849,354 |
1,815,659 |
-53.22% |
|
Net Profit |
1,788,387 |
1,574,804 |
13.56% |
|
NPL (%) |
3.49 |
3.3 |
5.76% |
|
Annualized EPS (In Rs.) |
17.11 |
16.77 |
2.01% |
|
Net Worth per Share (In Rs.) |
161.02 |
156.61 |
2.82% |
|
ROE (Annualised)% |
9.1 |
13.53 |
-32.74% |
|
ROA (Annualised)% |
1.9 |
1.81 |
4.97% |
|
P/E Ratio (In times) |
13.88 |
- |
- |
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