Agricultural Development Bank Earns Rs 1.32 Arba In Net Profit (Q2 Report)
January 28, 2021 | Investopaper
Agricultural Development Bank (ADBL) has posted a net profit of Rs 1.32 Arba until the second quarter of the current fiscal year 2077/78. The profit has declined by 16 percent as compared to the corresponding period of the previous fiscal year. Last year, ADBL had earned Rs 1.58 Arba.
The decline in profit is due to the fall in net interest income. The bank earned a net interest income of Rs 4.18 Arba in the six months period. Such income stood at Rs 4.44 Arba in the corresponding period of the previous year.
As of Poush end 2077 BS, Agricultural Development Bank has a paid-up capital of Rs. 16.42 Arba. This includes preference share worth Rs. 5.43 Arba. The bank has a deposit collection from customers of Rs. 144.19 Arba. The loans & advances to customers stood at Rs. 132.48 until the second quarter of this fiscal year.
The bank has reduced the Non-Performing Loans (NPL) to 3.14 percent from 3.91 percent. Likewise, the base rate has fallen to 7.67 percent.
The Annualized Earnings Per Share (EPS) and per-share networth are at Rs. 21.09 and Rs. 218.88 respectively.
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Agricultural Development Bank’s Performance In FY 2076/77
See the performance of the Agricultural Development Bank (ADBL) until the second quarter in the table below:
Agricultural Development Bank (ADBL) Second quarter Report Summary, FY 2077/78
| Financial Indicators | Q2, F.Y. 2077/78 | Q4, F.Y. 2076/77 | Percent Change |
| Paid-up capital(Rs.’Arba’) | 16.42 | 14.98 | 9.61 |
| Reserve and Surplus(Rs.’Arba’) | 13.23 | 13.48 | -1.85 |
| Deposits From Customers (Rs.’Arba’) | 144.19 | 143.62 | 0.40 |
| Loans & Advances To Customers (Rs.’Arba’) | 132.48 | 121.84 | 8.73 |
| Financial Indicators | Q2, F.Y. 2077/78 | Q2, F.Y. 2076/77 | Percent Change |
| Net Interest Income(Rs.’Arba’) | 4.18 | 4.44 | -5.86 |
| Operating Profit (Rs.’Arba’) | 1.89 | 2.13 | -11.27 |
| Net Profit (Rs.’Arba’) | 1.32 | 1.58 | -16.46 |
| Distributable Profit (Rs.’Arba’) | 0.80 | – | – |
| Non Performing Loans, NPL(%) | 3.14 | 3.91 | -19.69 |
| Base rate(%) | 7.67 | 10.17 | -24.58 |
| Earnings Per Share, EPS(Rs.) | 21.09 | ||
| Networth Per Share ( Rs.) | 218.88 | ||
| Market Price Per Share (Rs.) Poush end, 2077] | 450.00 | ||
| P/E Ratio | 21.34 |
Note:
The capital includes the preference share worth Rs. 5.43 Arba
The above figures are based on the un-audited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
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