Karnali Development Bank's Net profit in Q1 Reports Rs. 1.6 Crores; Annualized EPS Stands at Rs. 13.09
Wed, Nov 2, 2022 1:11 PM on Latest, Financial Analysis, Stock Market,
Karnali Development Bank Limited (KRBL) has published the unaudited quarterly report for the first quarter of FY 2079/80.
The company reported net profit of Rs. 1.6 Crores, the company was operating in net loss of Rs. 3.7 Crores in the relevant quarter of previous year.
The deposits of the company have decreased by 2.19% to Rs.4.38 Arba while the loans and advances have grown by 0.82% to Rs.3.28 Arba compared to corresponding quarter of the previous year. The NPL of the company stands at 3.12% which was previously at 3.4%
The bank posted a paid-up capital of Rs. 50.28 crore crore. At this capital, the EPS of the bank stands at Rs. 13.09 and the net worth stands at Rs. 118.02. Likewise, the PE ratio of the bank stands at 16.81 times for the Q1 of F.Y 2079/80.
Major Financial Highlights
| Particulars (In Rs '000") | Karnali Development Bank | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Share Capital | 502,830 | 502,830 | 0.00% |
| Share Premium | 458 | ||
| Retained Earnings | 24,707 | -165,044 | |
| Reserves | 65,457 | 186,586 | -64.92% |
| Deposits from Customers | 4,383,172 | 4,481,465 | -2.19% |
| Loans & Advances to customers | 3,288,154 | 3,261,503 | 0.82% |
| Net Interest Income | 50,359 | 90,347 | -44.26% |
| Impairment Charge/(Reversal) | 5,563 | 31,571 | |
| Personnel Expenses | 19,203 | 59,242 | -67.59% |
| Operating Profit | 16,457 | -37,929 | |
| Profit/(Loss) for the Year | 16,457 | -37,929 | |
| Total Comprehensive Income | 16,457 | -37,929 | |
| Capital Adequacy Ratio (CAR) | 11.73 | 12.80 | -8.36% |
| NPL | 3.12 | 3.4 | -8.24% |
| CCD (as per NRB Directives) | 75.02 | 72.78 | 3.08% |
| Cost of Fund (%) | 9.95 | 8.74 | 13.84% |
| Interest Rate Spread (%) | 4.54 | 4.65 | -2.37% |
| Base Rate (%) | 13.5 | 11.96 | 12.88% |
| Annualized EPS (In Rs.) | 13.09 | -30.17 | |
| Net Worth per Share (In Rs.) | 118.02 | 104.28 | 13.17% |
| Qtr End PE Ratio (times) | 16.81 | - | - |
| Qtr End Market Price | 220 | - | - |
