Agricultural Development Bank Makes Public Q4 Report With Rs. 3 Arba in Net Profits; EPS at Rs. 20.62
Sat, Aug 5, 2023 9:56 AM on Financial Analysis, Latest,
Agricultural Development Bank Limited (ADBL) has published its fourth-quarter report for the recently concluded financial year 2079-80 with a substantial increase in its Net profit by 39.25 percent. As of the last quarter for the financial year 2079-80, the company has earned Rs. 3.09 Arba as opposed to only Rs. 2.22 Arba, which the company had profited in the corresponding quarter of the FY 2078-79.
The Operating profit of the company has improved significantly as well by 26.07 percent despite a minor decrease in its Net Interest Income. As of FY 2079-80’s end, the company has profited and made Rs. 4.54 Arba and Rs. 8.08 in Operating profit and core business revenue, respectively.
The Earnings per Share (EPS) ratio of the company has been bettered to stand at Rs. 20.62, while it has a Net worth per Share of Rs. 211.6, after a comparative reduction.
The Impairment allocation of the company to has decreased by 7.42 percent and totals only Rs. 9.19 crores as of the last quarter of the recently concluded financial year 2079-80.
The commercial bank has Rs. 2 Arba as distributable profits and Rs. 19.89 is its distributable profit per share as of Ashad’s end in FY 079-80.
ADBL has Rs. 13. 45 Arba in its paid-up capital and Rs. 15.33 in the form of reserves and surplus (reserves + retained earnings), which puts the company in good financial standing.
| Particulars (In Rs '000) | Agricultural Development Bank Limited | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Share capital | 18,884,386.08 | 18,620,627.76 | 1.42% |
| Ordinary Shares | 13,451,674.08 | 13,187,915.76 | 2.00% |
| Irredemable Non-cumulative Pref.Share | 5,432,712.00 | 5,432,712.00 | 0.00% |
| Share Premium | - | - | - |
| Retained Earnings | 3,608,930.96 | 3,521,792.31 | 2.47% |
| Reserves | 11,729,718.40 | 11,214,614.90 | 4.59% |
| Deposits | 199,486,613.57 | 166,590,266.22 | 19.75% |
| Loans & Advances | 171,699,191.33 | 173,314,972.38 | -0.93% |
| Net Interest Income | 8,080,400.86 | 8,355,939.51 | -3.30% |
| Personnel Expenses | 3,432,933.31 | 3,823,916.30 | -10.22% |
| Impairment Charges | 919,120.30 | 992,764.74 | -7.42% |
| Operating Profit | 4,544,214.35 | 3,604,405.08 | 26.07% |
| Net Profit | 3,099,337.08 | 2,225,765.95 | 39.25% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 2,007,156.98 | 3,521,792.31 | -43.01% |
| Distributable Profit per Share | 19.89 | 35.61 | -44.14% |
| Capital Adequacy (%) | 15.05 | 15.59 | -3.46% |
| Non Performing Loan (NPL) (%) | 2.48 | 2.09 | 18.66% |
| Cost of Fund (%) | 7.51 | 6.89 | 9.00% |
| Base Rate (%) | 10.06 | 8.90 | 13.03% |
| EPS (In Rs.) | 20.62 | 14.14 | 6.21% |
| Net Worth per Share (In Rs.) | 211.6 |
276.52 |
-64.92 |
| Qtr end PE Ratio (times) | 14.25 | - | - |
| Qtr End Market Price | 233.9 | - | - |
