Purnima Bikas Bank has reported fall in net profit of 22.31% in the third quarter of fiscal year 2074/75.
As per the published report, the development bank has posted net profit declined to Rs.5.85 crore in Q3 from Rs 7.53 in the corresponding quarter of last year.
During this period, the bank has collected deposit of Rs 2.64 arba & floated in loan & advance of Rs.2.42 arba.
Net interest income of bank has declined to Rs 11.82 crore from Rs.14.20 crore in last year. Likewise, operating profit has declined to Rs.9.03 crore from Rs 11.78 crore in corresponding quarter of last year. Operating profit is declined by 23.33%.
Major decreased in net profit & operating profit is due to increased in interest expanses & other operating expanse.
Its paid up capital is Rs. 52.50 crore with reserves of Rs. 12.11 crore.
Its non-performing loan is at 0.28% from 0.0.29% in the last year.
Annualized earning per share is Rs. 14.87 & net worth per share is 123.08. PE ratio stands at 13.18 times.
Major indicators
Cost of fund: 7.27%
CD ratio: 73.74%%
Return on equity: 12.08%
Return on asset: 2.28%
