CZBIL's Net Profit Increases after Improvement in Core Revenue and Operating Profit; EPS at Rs. 15.59
Fri, Jul 28, 2023 8:11 AM on Financial Analysis, Latest,
Citizens Bank International Limited (CZBIL) has published its fourth quarter report for the recently concluded financial year with a Net Profit of Rs. 2.21 Arba, which is 10.41 percent more than the profits of the company in the corresponding quarter of the financial year 2078-79.
The Net Interest Income of the company, which is regarded as the core revenue stream, has increased by 17.30 percent totaling Rs. 5.85 Arba in the fourth quarter of FY 079-80. Similarly, the Operating profit of the company has increased by 13.42 percent and amounts to Rs. 3.07 Arba.
The impairment charges incurred by the company have experienced a 32.20 percent increase from Rs. 55.24 crores up to the fourth quarter of the financial year 078-79.
The Non-performing loan of the commercial bank has increased in the last quarter of the financial year 079-80 and stands at 3.19 percent.
The Earnings per Share (EPS) of the commercial bank stands at Rs. 15.59 after a comparative improvement of 10.41 percent, while the Net worth per Share of the company stands at Rs. 150.08. Despite EPS in the said amount, the distributable profit per share is Rs. 7.30 in the fourth quarter of the financial year 2079-80. In the corresponding quarter of the financial year 078-79, the company's EPS stood at Rs. 14.12, but the distributable profit per share was at Rs. 9.36.
The Price per Earnings (PE) ratio of the company at the end of the fourth quarter of the financial year 2079-80 stands at Rs. 11.10.
CZBIL maintains a paid-up capital of Rs. 14.20 Arba and Rs. 6.07 Arba in the form of reserves.
The commercial bank has Rs. 1.03 Arba in profits available for distribution to its shareholders.
Major Financial Highlights:
| Particulars (In Rs '000) | Citizens Bank International Limited | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 14,200,974.01 | 14,200,974.01 | 0.00% |
| Share Premium | - | ||
| Retained Earnings | 1,037,276.87 | 1,329,462.00 | -21.98% |
| Reserves | 6,074,795.92 | 4,878,852.65 | 24.51% |
| Deposits | 168,842,139.61 | 152,810,490.37 | 10.49% |
| Loans & Advances | 140,401,519.47 | 131,344,327.08 | 6.90% |
| Net Interest Income | 5,857,274.71 | 4,993,489.98 | 17.30% |
| Personnel Expenses | 1,920,757.80 | 1,785,432.25 | 7.58% |
| Impairment Charges | 730,303.60 | 552,420.45 | 32.20% |
| Operating Profit | 3,072,700.72 | 2,709,252.53 | 13.42% |
| Net Profit | 2,214,425.23 | 2,005,610.80 | 10.41% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 1,037,276.87 | 1,329,462.00 | -21.98% |
| Distributable Profit per Share | 7.30 | 9.36 | -22.01% |
| Capital Adequacy (%) | 12.32 | 12.69 | -2.92% |
| Non Performing Loan (NPL) (%) | 3.19 | 2.22 | 43.69% |
| Cost of Fund (%) | 8.34 | 8.17 | 2.08% |
| EPS (In Rs.) | 15.59 | 14.12 | 10.41% |
| Net Worth per Share (In Rs.) | 150.08 | 143.72 | 4.43% |
| Qtr end PE Ratio (times) | 11.10 | ||
| Qtr End Market Price | 173.1 | - | |
