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Publishing 3rd quarter report Kumari Bank increased profit by 78.58% and reserves rose by 33.06%

By: Nepse Direct Apr 25, 2021

In 3rd quarter of current fiscal year Kumari bank increased profit by 78.58% to Rs.1,808,484,000 compared to last year.

The core business Interest income (Revenue) was increased by 20.04% to Rs.9,493,181,377 and Net interest Income was increased by 39.04% to Rs.3,827,218,000 compared to last year.

In 3rd quarter many banks increased their profit from other operating income instead of core business revenue and Kumari bank also increased other operating income by 322.54% to Rs. 318,852,121 compared to last year. The bank operating profit increased by 74.41% to Rs.2,596,776,000 and annualized EPS of the bank stands at Rs.17.37.

The bank’s paid-up capital stands at Rs.13,878,475,000 increased by 10.85% and reserve and surplus increased by 33.06% to Rs.3,804,046,000. The bank’s deposited from customer have a growth rate of 9.57% to Rs.127,696,586,000 and loans and advances to customer also rose by 16.55% to Rs.129,041,586,000.

The Non-Performing Loan (NPL) has slightly increased to 1.09% from 0.98%.

Fundamental Analysis of KBL:

Particulars

Q3 2077/2078

Q3 2076/2077

Difference

Interest Income

9,493,181,377

7,907,913,145

20.04%

Interest Expenses

5,665,963,618

5,155,228,718

9.90%

Net Interest Income

3,827,218,000

2,752,684,000

39.04%

Other Operating Income

318,852,121

75,460,271

322.54%

Operating Profit

2,596,776,000

1,488,906,000

74.41%

Net Profit Before Tax

2,618,232,499 

1,509,644,893

73.43%

Net Profit

1,808,484,000

1,012,714,000

78.58%

Net Interest Income Margin

40.31%

34.80%

5.51%

Operating Profit Margin

27.35%

18.82%

8.53%

Net Profit Margin

19.05%

12.80%

6.25%

EPS

17.37

10.78

61.10%

PE

18.88

12.52

50.79%

Total Assets

183,630,878,993

153,341,629,610

19.75%

Current Assets

181,016,122,369

150,843,957,410

20.00%

Non-Current Assets

2,614,756,624

2,497,672,200

4.68%

Total Liabilities and Equity

183,630,878,993

153,341,629,610

19.75%

Total Liabilities

164,827,343,876

136,073,455,939

21.13%

Current Liabilities

160,044,308,196

131,617,969,804

21.59%

Non-Current Liabilities

4,783,035,680

4,455,486,135

7.35%

Total Equity

18,803,535,117

12,520,049,469

50.18%

Outstanding Share (in Number)

138,784,748.36

125,200,494.69

10.84%

Paid-up Capital

13,878,474,836

12,520,049,469

10.84%

Retained Earnings

1,032,209,760

1,317,542,681

-21.65%

Reserve and Surplus

3,804,046,480

2,858,953,451

33.05

Total Debt

2,995,273,996

2,995,273,996

0%

Current Ratio

1.13

1.14

-0.87%

Book Value per Share

135.49

137.92

-1.77%

PB Ratio

2.35

1.15

104.34%

ROE

12.82%

10.65%

2.17%

Total Debt to Equity

0.15

0.23

-34.78%

Capital Adequacy Ratio

13.98

13.06

7.04%

Non-Performing Loan

1.09

0.98

11.22%

Total Loan Loss Provision to Total NPL

178.95%

172.29%

6.66%

Cost of Fund

5.09

7.56

-32.67%

CD Ratio

81.23%

79.80%

1.79%

 

 

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