Kamana Sewa Bikas Bank Posts 46.40% Net Profit Growth, EPS at Rs 19.94; Impairment Charges Drop by 48.83%
Wed, Oct 23, 2024 7:25 AM on Latest, Financial Analysis, Company Analysis,
Kamana Sewa Bikas Bank Limited (KSBBL) has unveiled its unaudited financial results for the first quarter of FY 2081/82, showcasing a 46.40% rise in net profit, totaling Rs 17.49 crores.
This marks a significant improvement from Rs 11.95 crores in the same period of the previous year. Net interest income grew by 5.67%, while impairment charges declined by 48.83%.
The bank’s total paid-up capital stands at Rs 3.51 Arba, with reserves of Rs 1.69 Arba and retained earnings of Rs 20.98 crores. Deposits rose by 2.86%, reaching Rs 60.75 Arba, while loans and advances increased by 3.10%, totaling Rs 47.40 Arba.
Key metrics for the quarter include an annualized Earnings Per Share (EPS) of Rs 19.94, a price-earnings (P/E) ratio of 23.75 times, and a net worth per share of Rs 154.21. Additionally, the bank reported a distributable profit of Rs 20.98 crores.
* Figures are of Immediate Previous Year Quarter Ending
Major Highlights:
| Particulars (In Rs '000) | Kamana Sewa Bikas Bank Limited | ||
|---|---|---|---|
| Q1 2081/82 | Q1 2080/81 | Difference | |
| Paid Up Capital | 3,510,846.20 | 3,281,164.67* | 7.00% |
| Share Premium | - | - | - |
| Retained Earnings | 209,844.90 | 411,201.54* | -48.97% |
| Reserves | 1,693,226.53 | 1,691,977.15* | 0.07% |
| Deposits | 60,755,389.44 | 59,066,711.73* | 2.86% |
| Loans & Advances | 47,406,711.92 | 45,979,607.70* | 3.10% |
| Net Interest Income | 518,741.17 | 490,910.72 | 5.67% |
| Personnel Expenses | 221,435.70 | 186,644.55 | 18.64% |
| Impairment Charges/(Reversal) for loans and advances | 48,734.50 | 95,241.68 | -48.83% |
| Operating Profit | 256,756.30 | 180,095.51 | 42.57% |
| Net Profit | 174,979.30 | 119,521.88 | 46.40% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 209,844.90 | 25,630.39 | 718.73% |
| Capital Adequacy (%) | 12.38 | 12.31 | 0.57% |
| Non- Performing Loan (NPL)(%) | 3.96 | 3.48 | 13.79% |
| Cost of Fund (%) | 6.14 | 9.20 | -33.26% |
| Annualized EPS (In Rs.) | 19.94 | 14.57 | 36.82% |
| Net Worth per Share (In Rs.) | 154.21 | 164.10 | -6.03% |
| Qtr end PE Ratio (times) | 23.75 | ||
| Qtr End Market Price | 473.4 | - | - |
