Kanchan Development Bank (KADBL) has reported 4.92% raise in net profit in the second Quarter of this FY 2074/75. Bank has earned 3.12crore from 2.92crore in the corresponding quarter of the previous FY 2073/74.
Paid up capital raise to 45.04 crore from 24.75 crore which is raise by 82% issuing bonus share & right share. Bank increases deposit by 39.39% & floated loan of 2.92 arba in Q2.
Operating profit increases to 8.1crore from 7.64crore. Non- performing loan of bank is decreased by 66.50%
Bank fails to maintain the EPS, EPS slides by 42.35% or slides to 13.86 from 24.04 in the previous FY 2073/74.
All major indicators are positive but bank is unable to grow the profit as per the growth in paid up capital. As EPS is slides to 13.86.
Net worth per share is 131.50 & PE ratio is 15.08.
Bank is under to meet capital requirement of 50 crore. It had announced 16.03% stock dividend from Net profit of FY 20743/74. Capital will reached to 52.24 crore after Stock dividend.
Highlights of report
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