Kamana Sewa Bikas Bank Reports 8.40% Surge in Q3 Net Profit and Augmented Earnings Per Share; Distributable Profit at Rs. 28.73 Crores
Fri, Apr 19, 2024 12:16 PM on Financial Analysis, Company Analysis, Latest,
Kamana Sewa Bikas Bank Limited (KSBBL) has recently unveiled its unaudited financial statement for the third quarter of the fiscal year 2080/81, showcasing a notable increment in net profit and Earnings Per Share (EPS).
In the third quarter of the ongoing fiscal year, the bank achieved a net profit of Rs. 33.13 Crores, marking an 8.40% growth compared to the equivalent period in the previous fiscal year, during which the bank recorded a net profit of Rs. 30.56 Crores. Despite a decline in net interest income, the bank experienced a significant increase in profit, attributed to a decrease in impairment charges.
Throughout the review period, the bank witnessed a 4.68% reduction in interest income; however, a decline of 2.04% in impairment charges contributed to a 2.92% rise in operating profit.
Furthermore, the bank's per-share earnings demonstrated an upward trend, with the annualized earnings per share (EPS) reaching Rs. 13.47 during the review period. The price-earnings (P/E) ratio for the bank currently stands at 26.51 times, and the net worth per share is reported at Rs. 155.34.
Another positive aspect of the report is the bank's disclosure of a distributable profit of Rs. 28.73 Crores.
Report:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Kamana Sewa Bikas Bank Limited | ||
|---|---|---|---|
| Q3 2080/81 | Q3 2079/80 | Difference | |
| Paid Up Capital | 3,281,164.67 | 3,281,164.67* | 0.00% |
| Retained Earnings | 287,331.00 | 52,756.33* | 444.64% |
| Reserves | 1,528,444.17 | 1,401,782.26* | 9.04% |
| Deposits | 57,271,052.73 | 53,472,410.56* | 7.10% |
| Loans & Advances | 45,354,655.01 | 43,851,337.35* | 3.43% |
| Net Interest Income | 1,458,055.56 | 1,529,659.48 | -4.68% |
| Personnel Expenses | 508,176.24 | 492,662.65 | 3.15% |
| Impairment Charges/(Reversal) for loans and advances | 346,560.36 | 353,787.71 | -2.04% |
| Operating Profit | 540,682.21 | 525,319.57 | 2.92% |
| Net Profit | 331,363.23 | 305,679.02 | 8.40% |
| Distributable Profit (Rs.) | 287,331.57 | 80,363.08 | 257.54% |
| Capital Adequacy (%) | 12.23 | 12.42 | -1.53% |
| Cost of Fund (%) | 7.82 | 9.97 | -21.56% |
| Annualized EPS (In Rs.) | 13.47 | 12.42 | 8.40% |
| Net Worth per Share (In Rs.) | 155.34 | 144.33 | 7.63% |
| Qtr end PE Ratio (times) | 26.51 | - | - |
| Qtr End Market Price | 357 | - | - |
