Corporate Development Bank Sees 2838.36% Surge in Q4 Net Profit to Rs 1.78 Crores; EPS at Rs 3.40
Mon, Aug 5, 2024 10:02 AM on Latest, Financial Analysis, Company Analysis,
Corporate Development Bank (CORBL) has announced its unaudited financial results for the fourth quarter of the fiscal year 2080/81, revealing an extraordinary 2838.36% increase in net profit, which soared to Rs 1.78 Crores from Rs 6.07 Lakhs in the same period last year.
The bank's financial position includes a paid-up capital of Rs 52.5 Crores, a share premium of Rs 2.39 Crores, retained earnings of Rs 4.45 Crores, and reserves of Rs 17.63 Crores. Despite a minor 6.44% drop in net interest income, CORBL achieved a notable reduction in impairment charges by 20.44%.
Deposits surged by 45.08% to Rs 1.82 Arba, while loans and advances grew by 10.80% to Rs 1.26 Arba.
The annualized earnings per share (EPS) rose to Rs 3.40, with a high price-earnings (P/E) ratio of 172.52 times and a net worth per share of Rs 146.64.
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Corporate Development Bank | ||
|---|---|---|---|
| Q4 2080/81 | Q4 2079/80 | Difference | |
| Paid Up Capital | 525,000.00 | 525,000.00* | 0.00% |
| Share Premium | 23,921.25 | 23,921.25* | 0.00% |
| Retained Earnings | 44,581.97 | 51,106.12* | -12.77% |
| Reserves | 176,378.31 | 160,543.45* | 9.86% |
| Deposits | 1,822,539.58 | 1,256,194.93* | 45.08% |
| Loans & Advances | 1,263,179.80 | 1,140,043.05* | 10.80% |
| Net Interest Income | 83,959.22 | 89,741.24 | -6.44% |
| Personnel Expenses | 17,460.77 | 19,176.98 | -8.95% |
| Impairment Charges/(Reversal) for loans and advances | 32,508.65 | 40,860.06 | -20.44% |
| Operating Profit | 25,515.09 | 20,017.70 | 27.46% |
| Net Profit | 17,860.57 | 607.84 | 2838.36% |
| Capital Adequacy (%) | 38.65 | 35.43 | 9.09% |
| Cost of Fund (%) | 7.71 | 8.45 | -8.76% |
| Annualized EPS (In Rs.) | 3.40 | 0.12 | 2838.36% |
| Net Worth per Share (In Rs.) | 146.64 | 144.87 | 1.22% |
| Qtr end PE Ratio (times) | 172.52 | - | - |
| Qtr End Market Price | 586.9 | - | - |
