Kamana Sewa Development Bank Limited has published its unaudited financial statement for the third quarter of the current fiscal year, showing a 19.37 percent increase in net profit. The bank’s profit rose to Rs. 58.87 crore, compared to Rs. 49.41 crore in the same period of the previous fiscal year.
The growth in profit is attributed to an increase in net interest income and a decline in impairment charges during the review period. Net interest income increased by 9.26 percent to Rs. 1.81 arba, while operating income rose by 8.46 percent to Rs. 2.12 arba. On the other hand, impairment charges declined from Rs. 31.71 crore to Rs. 28.62 crore.
Despite the profit growth, the bank’s non-performing loan (NPL) ratio increased by 0.13 percentage points to 4.4 percent.
During the review period, the bank collected deposits worth Rs. 64.95 arba and extended loans amounting to Rs. 53.53 arba.
With a paid-up capital of Rs. 4.21 arba, the bank has maintained reserves of Rs. 2.45 arba. The distributable profit decreased to Rs. 41.76 crore from Rs. 49.95 crore, resulting in a dividend capacity of 14.15 percent.
The bank’s earnings per share (EPS) increased by Rs. 1.32 to Rs. 20.05, while net worth per share stood at Rs. 163.57. The price-to-earnings (P/E) ratio remained at 24.20 times.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
