Kamana Sewa Bikas Bank profit climbs by 568% in the first quarter

November 17, 2019 | Investopaper

Kamana Sewa Bikas Bank published the unaudited first-quarter report of the fiscal year 2076/77. The national-level development bank has reported a rise in profit by 568 percent in the first quarter. The bank earned a net profit of Rs. 1.87 crores, which stood at Rs. 27.88 lakhs in the first quarter of the previous year. With the increase in net interest income by 79 percent to Rs. 25.16 crores, the net profit also inclined. However, the distributable profit is at negative Rs. 0.98 crores.

At the capital of Rs. 254.02 crores, the total reserve stand at Rs. 85.87 crores. Likewise, the bank has collected a total deposit of Rs. 25.48 Arba and floated loans of Rs. 21.97 Arba until the first quarter.

The bank is able to reduce the non-performing loans to 1.61 percent. However, the base rate has slightly increased to 11.86 percent.

The earnings per share (EPS) is at Rs. 2.94 while the per-share net worth of the bank is Rs. 133.81.

The first-quarter report of Kamana Sewa Bikas Bank is summarized in the table below:

Kamana Sewa Bikas Bank First Quarter Report, FY 2076/77

HEADINGS 1st QTR, 2076/77 1st QTR, 2075/76 PERCENT CHANGE
PAID-UP CAPITAL (Rs. In crores) 254.02 254.02 0.00
RESERVE & SURPLUS(Rs. In crores) 85.87 70.5 21.80
DEPOSITS (Rs. In Arba) 25.48 22.98 10.88
LOANS  (Rs. In Arba) 21.97 20.24 8.55
NET INTEREST INCOME (Rs. In crores) 25.16 14.04 79.20
PROFIT (Rs. In crores) 1.87 0.28 567.86
DISTRIBUTABLE PROFIT (Rs. In crores) -0.98
NON PERFORMING LOANS, NPL (%) 1.61 1.71 -5.85
BASE RATE(%) 11.86 11.83 0.25
MARKET PRICE PER SHARE (Rs.) [Ashwin 30, 2076] 141
P/E RATIO 47.95


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