Agricultural Development Bank Earns Rs 1.90 Arba In 9 Months [Q3 Report]

April 20, 2022 | Investopaper

Agricultural Development Bank Limited(ADBl) has published the un-audited third quarterly report of the current F.Y. 2078/79. As per the report, the net profit of the bank has fallen by 8 percent as compared to the corresponding quarter of the previous year. In the first nine month of this fiscal year, the bank earned a profit of Rs. 1.90 Arba.  Last year, the company’s profit stood at Rs. 2.07 Arba during the same period.

The fall in profit is mainly due to the impairment charge of Rs. 82.23 crores. In the previous year, such provision stood at Rs. 26.73 crores.

As of Chaitra’s end 2078 BS, ADBL has a paid up capital of Rs. 18.62 Arba, and reserve & surplus of Rs. 13.99 Arba. The bank has a deposit collection from customers of Rs. 160.36 Arba. The loans & advances to customers stand at Rs. 177.95 Arba until the third quarter.

The bank has reduced the non-performing loans (NPL) from 3.08 percent to 2.32 percent. However, the base rate has inclined to 8.28 percent from 7.48 percent

ADBL has an annualized  Earnings Per Share (EPS)  of Rs 16.79 while the Networth per share stands at Rs. 204.3.


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See the financial highlights of Agricultural Development Bank in the table below:

Agricultural Development Bank (ADBL): Financial Highlights of 3rd Quarter, 2078/79

Financial Indicators Q3, F.Y. 2078/79 Q4, F.Y. 2077/78 Percent Change
Paid up capital (Rs.’Arba’) 18.62 16.42 13.40
Reserve and Surplus (Rs.’Arba’) 13.99 15.08 -7.23
Deposits From Customers (Rs.’Arba’) 160.36 162.81 -1.50
Loans & Advances To Customers (Rs.’Arba’) 177.95 150.59 18.17

 

Financial Indicators Q3, F.Y. 2078/79 Q3, F.Y. 2077/78 Percent Change
Net Interest Income (Rs.’Arba’) 5.58 4.42 26.2
Operating Profit (Rs.’Arba’) 2.79 2.93 -4.8
Net Profit (Rs.’Arba’) 1.9 2.07 -8.2
Distributable Profit (Rs.’Arba’) 0.98
Non Performing Loans, NPL (%) 2.32 3.08
Base rate (%) 8.28 7.48
Earnings Per Share, EPS (Rs.) 16.79
Networth Per Share ( Rs.) 204.3
Market Price Per Share (Rs.) [Chaitra end, 2078 BS] 367
P/E Ratio 21.86

Source: Unaudited Q3 Report, FY 2078/79


Note:

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.

To see the reports of other companies, CLICK HERE.

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