Purnima Bikas Bank reports a 22% decline in Net Profit; NPL as low as 0.28%

Bhairahawa based Purnima Bikas Bank has published the report for 3rd quarter of the fiscal year 2074/75.

As per the report, the company has earned a net profit of Rs 5.85 crores till the end of 3rd quarter. The net profit was Rs 7.53 crores in the corresponding quarter of the previous fiscal year. This accounts for a decline of 22.31%. PURBL now has an eps of Rs 14.87

A decent growth is seen both in the interest income and interest expense of the company. Due to dominance of Interest expense growth, net interest income has dipped by 16.76% to Rs 11.82 crores. 

Staff expense rose significantly to Rs 2.28 crores from 1.83 crores in the previous year. The operating expense also surged to Rs 1.89 crores from Rs 1.80 crores.

Company’s operating profit has decreased significantly by 23.33% to Rs 9.03 crores. 

Deposit collection has increased to Rs 2.64 arba, from Rs 2.35 arba last year. Similarly, Company's lending has increased by 19.58% to Rs 2.42 arba.  

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Key Ratios:

EPS                : Rs 14.87
Networth         : Rs 123.08
P/E Ratio        :  13.18 times

P/B Ratio        : 1.59 times

NPL                 : 0.28%