Kamana Sewa Bikas Bank's 1st Quarterly Report Reveals Impressive Profit Growth and Lower Impairment Charges
Fri, Oct 20, 2023 8:29 AM on Financial Analysis, Latest,
Kamana Sewa Bikas Bank Limited (KSBBL) has released its unaudited financial statement for the first quarter of the current fiscal year 2080/81. According to the statement, the bank has significantly increased its net profit and Earnings Per Share (EPS) compared to the same period in the previous fiscal year.
In the first quarter of the current fiscal year, the bank earned a net profit of Rs.11.95 Crores. This marks a remarkable increase of 187.58% compared to the same period in the previous fiscal year when the bank had earned Rs. 4.15 Crores. Despite a decrease in interest income, the bank's profit has increased significantly after accounting for impairment charges.
During the review period, the bank's interest income decreased by 6.01% while impairment charges decreased by a substantial 62.88%, resulting in a 203.33% increase in the operating profit.
As of the end of Ashwin, the bank has a distributable profit of Rs. 2.56 Crores, and the distributable profit per share stands at Rs. 3.12.
Additionally, the bank's per-share earnings have also significantly increased. During the review period, the bank's earnings per share (EPS) reached to Rs. 14.57. The price-earnings (P/E) ratio of the bank stands at 20.52 times, and the net worth per share is Rs. 147.18.
* Figure is of Immediate Fiscal year ending
| Particulars (In Rs '000) | Kamana Sewa Bikas Bank Limited | ||
|---|---|---|---|
| Q1 2080/81 | Q1 2079/80 | Difference | |
| Paid Up Capital* | 3,281,164.67 | 3,142,577.02 | 4.41% |
| Share premium * | - | - | - |
| Retained Earnings* | 25,630.39 | 645,676.15 | -96.03% |
| Reserves * | 1,522,267.30 | 810,214.30 | 87.88% |
| Deposits* | 54,835,685.75 | 47,477,577.91 | 15.50% |
| Loans & Advances * | 43,512,291.19 | 43,851,337.35 | -0.77% |
| Net Interest Income | 490,910.72 | 522,292.55 | -6.01% |
| Personnel Expenses | 186,644.55 | 164,682.61 | 13.34% |
| Impairment Charges/(Reversal) for loans and advances | 95,241.68 | 256,591.55 | -62.88% |
| Operating Profit | 180,095.51 | 59,373.30 | 203.33% |
| Net Profit | 119,521.88 | 41,561.31 | 187.58% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 25,630.39 | - | - |
| Distributable Profit per Share | 3.12 | - | - |
| Capital Adequacy (%) | 12.31 | 12.96 | -5.02% |
| Non- Performing Loan (NPL)(%) | 3.48 | 3.40 | 2.35% |
| Cost of Fund (%) | 9.20 | 9.73 | -5.45% |
| Annualized EPS (In Rs.) | 14.57 | 5.29 | 175.43% |
| Net Worth per Share (In Rs.) | 147.18 | 146.33 | 0.58% |
| Qtr end PE Ratio (times) | 20.52 | ||
| Qtr End Market Price | 299 | - | - |
