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Kamana Sewa Bikas Bank Posts 66.93% Surge in Q4 FY 2080/81 Net Profit and EPS; Distributable Profit at Rs. 35.78 Crores

global-ime-bank
Wed, Jul 24, 2024 8:59 AM on Financial Analysis, Company Analysis, Latest,
-ShareSansar

Kamana Sewa Bikas Bank Limited (KSBBL) has recently unveiled its unaudited financial statement for the fourth quarter of the fiscal year 2080/81, showcasing a notable increment in net profit and Earnings Per Share (EPS).

In this period, the bank achieved a net profit of Rs. 35.78 crores, marking a 66.93% growth compared to the equivalent period in the previous fiscal year, during which the bank recorded a net profit of Rs. 21.43 crores. Net interest income of the bank experienced a minimal increase of 2.78%; however, impairment charges declined by 41.83%.

Furthermore, the bank's per-share earnings demonstrated an upward trend, with the annualized earnings per share (EPS) reaching Rs. 18.83 during the review period. The price-earnings (P/E) ratio for the bank currently stands at 22.63 times, and the net worth per share is reported at Rs. 164.48.

Another positive aspect of the report is the bank's disclosure of a distributable profit of Rs. 35.78 crores.

Report:

* Figures are of Immediate Previous Year Quarter Ending

Particulars (In Rs '000) Kamana Sewa Bikas Bank 
Q4 2080/81 Q4 2079/80 Difference
Paid Up Capital 3,281,164.67 3,281,164.67* 0.00%
Share Premium  0.00 0.00 -
Retained Earnings 357,880.20 52,756.33* 578.36%
Reserves  1,757,731.72 1,401,782.26* 25.39%
Deposits 59,066,711.73 53,472,410.56* 10.46%
Loans & Advances  45,994,356.50 43,851,337.35* 4.89%
Net Interest Income 2,125,217.81 2,067,663.78 2.78%
Personnel Expenses 765,566.91 721,626.97 6.09%
Impairment Charges/(Reversal) for loans and advances 304,045.29 522,692.33 -41.83%
Operating Profit 978,450.02 639,192.93 53.08%
Net Profit 603,217.84 361,364.54 66.93%
Distributable Profit  357,880.20 52,756.33 578.36%
Capital Adequacy (%) 12.73 12.24 4.00%
NPL (%) 3.21 3.09 3.88%
Cost of Fund (%) 6.94 9.37 -25.93%
 EPS (In Rs.) 18.38 11.01 66.93%
Net Worth per Share (In Rs.) 164.48 144.33 13.96%
Qtr End Market Price 416 - -
Qtr end PE Ratio (times) 22.63    
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