Narayani Development Bank Loses Rs. 2.91 Crores in Fourth Quarter; Miserable Net Worth per Share of Rs. 36 only
Sun, Jul 23, 2023 9:13 AM on Latest, Financial Analysis,
Narayani Development Bank Limited (NABBC) has published its fourth quarter report for the financial year 2079-80 with a Net Loss of Rs. 2.91 crores. In the corresponding quarter of the financial year 2078-79, the company lost Rs. 5.42 crores.
The impairment charges of the company, however, have decreased and amounted to Rs. 49.83 lakhs up to Q4 of the recently concluded financial year.
The personnel expenses of the development bank have increased by 40.16 percent from Rs. 1.51 crores up to the corresponding quarter of the financial year 2078-79.
The core revenue, Net Interest Income, of the development bank has increased impressively by 112.07 percent and totals to Rs. 2.03 crores up to the fourth quarter.
The Earnings per Share (EPS) of the company stands at a negative Rs. 11.10 and has a below par Net worth of Rs. 36.
The company maintains a paid-up capital of Rs. 26.24 crores and has Rs. 1.01 crores in share premium. The company has 13.48 crores in reserves.
The closing price of the company at the end of the fourth quarter was Rs. 414.
Major Financial Highlights:
| Particulars (In Rs '000) | Narayani Development Bank Limited | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 262,467.60 | 262,467.60 | 0.00% |
| Share Premium | 10,101.37 | 10,101.37 | 0.00% |
| Retained Earnings | -312,933.56 | -282,016.11 | 10.96% |
| Reserves | 134,840.34 | 129,640.04 | 4.01% |
| Deposits | 632,813.15 | 336,672.29 | 87.96% |
| Loans & Advances | 481,735.32 | 481,735.32 | 0.00% |
| Net Interest Income | 20,341.38 | 9,591.89 | 112.07% |
| Personnel Expenses | 21,177.85 | 15,110.00 | 40.16% |
| Impairment Charges/(Reversal) for loans and advances | 4,983.29 | 42,891.09 | -88.38% |
| Operating Profit | -32,188.74 | -67,347.19 | -52.20% |
| Net Profit | -29,142.40 | -54,248.21 | -46.28% |
| Capital Adequacy (%) | 11.38 | 23.00 | -50.52% |
| Cost of Fund (%) | 8.38 | 8.89 | -5.74% |
| EPS (In Rs.) | -11.10 | -20.67 | -46.28% |
| Net Worth per Share (In Rs.) | 36.00 | 45.79 | -21.40% |
| Qtr End Market Price | 414 | - | |
