Kumari Bank limited (KBL) has published 2nd quarter report of FY 2074/75 stated net profit of 48.02 crore.
As per the report published, KBL has increased its net profit by 71.90% as compared to last year Q2 report. In the last year Q2 bank had earned net profit of 27.93 crore.
During the period bank has made a deposit collection of 57.68 arba & expanded in loan & advance 50.92 arba.
Net interest income of bank increased by 48.04% to 82.16 crore. Bank has stated decreased in operating profit by 3.84%. Operating profit is 34.55 crore. Operating profit is decreased in increased in staff expanses other operating expanses.
Paid up capital is 5.96 arba & reserve remain at 2.59 arba. During the period capital is increased by 121.16%. To meet capital requirement of NRB, KBL is seeking for 20% right share approval from SEBON. Even after 20% right KBl must hike its capital by around 12%.
NPL stands at 1.61% from 1.14%. Credit to deposit remains at 76.82%. Cost of fund is 7.83% .
Annualized EPS stands at 16.09 from 20.70. It is decreased by 22.27%.
Net worth per share is 143.40 & PE stands at 17.71 times.
Reports’ highlights
See Q2 report of SBI Bank earned 91.03 crore
