Kamana Sewa Bikas Bank Reports Impressive 32.19% Growth in Net Profit and Elevated Earnings Per Share for Q2 2080/81
Thu, Jan 18, 2024 8:16 AM on Financial Analysis, Company Analysis, Latest,
Kamana Sewa Bikas Bank Limited (KSBBL) has recently disclosed its unaudited financial statement for the second quarter of the fiscal year 2080/81, revealing noteworthy advancements in net profit and Earnings Per Share (EPS).
In the second quarter of the ongoing fiscal year, the bank achieved a commendable net profit of Rs. 25.89 Crores, indicating a substantial growth of 32.19% in comparison to the equivalent period in the previous fiscal year, during which the bank had recorded a net profit of Rs. 19.58 Crores. Despite a decline in net interest income, the bank experienced a significant increase in profit, attributable to a decrease in impairment charges.
Throughout the review period, the bank witnessed a 6.24% reduction in interest income; however, a noteworthy decline of 29.70% in impairment charges contributed to a remarkable 32.24% rise in operating profit.
Furthermore, the bank's per-share earnings demonstrated an upward trend, with the annualized earnings per share (EPS) reaching Rs. 15.78 during the review period. The price-earnings (P/E) ratio for the bank currently stands at 22.30 times, and the net worth per share is reported at Rs. 151.61.
* Figure is of Immediate Fiscal year ending
| Particulars (In Rs '000) | Kamana Sewa Bikas Bank Limited | ||
|---|---|---|---|
| Q2 2080/81 | Q2 2079/80 | Difference | |
| Paid Up Capital | 3,281,164.67 | 3,281,164.67* | 0.00% |
| Retained Earnings | 174,527.26 | 52,756.33* | 230.82% |
| Reserves | 1,518,860.81 | 1,401,782.26* | 8.35% |
| Deposits | 56,296,442.38 | 53,472,410.56* | 5.28% |
| Loans & Advances | 43,982,694.99 | 43,851,337.35* | 0.30% |
| Net Interest Income | 958,840.48 | 1,022,631.83 | -6.24% |
| Personnel Expenses | 349,511.74 | 333,477.02 | 4.81% |
| Impairment Charges/(Reversal) for loans and advances | 211,997.93 | 301,582.26 | -29.70% |
| Operating Profit | 370,035.77 | 279,816.59 | 32.24% |
| Net Profit | 258,919.58 | 195,871.61 | 32.19% |
| Capital Adequacy (%) | 12.23 | 14.71 | -16.86% |
| Cost of Fund (%) | 8.63 | 10.24 | -15.72% |
| Annualized EPS (In Rs.) | 15.78 | 11.94 | 32.19% |
| Net Worth per Share (In Rs.) | 151.61 | 144.33 | 5.04% |
| Qtr end PE Ratio (times) | 22.30 | - | - |
| Qtr End Market Price | 352 | - | - |
