Kamana Sewa Bikas Bank Limited (KSBBL) has recently unveiled its unaudited financial statement for the First quarter of the fiscal year 2083/84, showcasing a notable increment in net profit.
KSBBL’s paid-up capital reached Rs. 4.21 arba, which includes Rs. 35 crores worth of 9% non-cumulative irredeemable preference shares. Excluding the preference shares, the bank’s core equity base stood at Rs. 3.86 arba.
In the First quarter of the ongoing fiscal year, the bank achieved a net profit of Rs. 23.11 Crores, marking an 16.99% growth compared to the equivalent period in the previous fiscal year, during which the bank recorded a net profit of Rs. 19.75 Crores.
The bank's operating profit surged 19.02% to Rs. 33.87 crores, primarily supported by a significant decline in impairment charges Also, Impairment charges for loans and advances has declined by 55.36% to Rs. 4.94 crore.
Key financial ratios improved during the review period. Furthermore, the annualized earnings per share (EPS) reached Rs. 20.68 during the review period. The price-earnings (P/E) ratio for the bank currently stands at 23.01 times, and the net worth per share is reported at Rs. 161.84.
