Karnali Development Bank Records Impressive Growth Across Financial Indicators in Q4; Net Profit a Rs. 4.43 Crores
Thu, Aug 3, 2023 9:25 AM on Latest, Financial Analysis,
Karnali Development Bank Limited (KRBL) has published its fourth-quarter report for the recently concluded financial year 2079-80 with an impressive improvement in Net Profit. As of FY 2079-80 fourth quarter, the company has earned Rs. 4.43 crores as opposed to losing Rs. 3.7 crores in the corresponding quarter of FY 2078-79.
The Net Interest Income of the company, too has improved significantly by 82.45 percent. The core business revenue of the company stands at Rs. 16.48 crores as of the last quarter of FY 2079-80. The Operating Profit of the company too has improved and through it, the company has accumulated Rs. 4.43 crores as of the last quarter.
The Earnings per Share (EPS) ratio of the regional development bank stands at Rs. 8.81 percent while the Net worth per Share is Rs. 120.43.
The Base Rate as per the NRB guidelines was 12.51 percent up to the last quarter of the financial year 2079-80 was set at 12.51 percent.
The development bank has Rs. 4.93 crores available for distribution amongst its shareholders as of the last quarter of FY 2079-80.
The Impairment charge allocation of the company too has declined, positively affecting the profitability of the company, which amounts to only Rs. 1.38 crores up to FY 2079-80 last quarter.
The company has Rs. 50.28 crores in paid-up capital and Rs. 17.49 crores in the form of reserves.
Major Financial Highlights:
| Particulars (In Rs '000) | Karnali Development Bank | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 502,830.00 | 502,830.00 | 0.00% |
| Share Premium | 458.93 | - | - |
| Retained Earnings | -72,642.06 | -165,044.11 | -55.99% |
| Reserves | 174,901.90 | 186,586.37 | -6.26% |
| Deposits | 4,609,288.05 | 4,481,464.63 | 2.85% |
| Loans & Advances | 3,370,539.31 | 3,261,503.05 | 3.34% |
| Net Interest Income | 164,835.36 | 90,346.67 | 82.45% |
| Personnel Expenses | 60,113.33 | 59,241.92 | 1.47% |
| Impairment charge/(reversal) for loans and other losses | 13,852.56 | 31,570.87 | -56.12% |
| Operating Profit | 44,313.47 | -37,929.36 | -216.83% |
| Net Profit | 44,313.47 | -37,929.36 | -216.83% |
| Capital Adequacy (%) | 10.91 | 12.80 | -14.77% |
| Non Performing Loan (NPL) (%) | 3.92 | 3.40 | 15.29% |
| Cost of Fund (%) | 9.30 | 8.74 | 6.41% |
| EPS (In Rs.) | 8.81 | -7.54 | -216.83% |
| Distributable Profit | 49,317.62 | -1,10,223.18 | - |
| Net Worth per Share (In Rs.) | 120.43 | 104.28 | 15.49% |
| Qtr end PE Ratio (times) | 30.07 | - | - |
| Base Rate (%) | 12.51 | 11.96 | - |
| Qtr End Market Price | 265 | - | - |
