Kamal Prabhu Bank Limited (PRVU) posted an exceptional jump in profit for the fourth quarter of fiscal year 2081/82. The bank’s net profit reached Rs. 5.44 Arba, a sharp rise from just Rs. 51.08 Crore in the same quarter last year. This marks a 965.41% year-on-year growth, mainly fueled by a large reversal in impairment charges of Rs. 2.51 Arba, compared to a provisioning expense of Rs. 4.72 Arba in the previous year.
The paid-up capital remained at Rs. 23.54 Arba, whereas reserves increased by 11.78% to reach Rs. 13.55 Arba. Retained earnings shifted to positive territory at Rs. 1.05 Arba, recovering from a loss of Rs. 3.03 Arba last year. The bank’s distributable profit, after necessary appropriations and adjustments, also stood at Rs. 1.05 Arba.
Customer deposits grew by 12.19% to Rs. 3.42 Kharba, and loans and advances increased by 4.22% to Rs. 2.30 Kharba. Borrowings were reported at Rs. 68.77 Crore. The cost of funds improved significantly to 4.36% from 5.77%, showing better efficiency in fund management.
Net interest income dropped significantly by 39.47%, declining to Rs. 7.20 Arba from Rs. 11.89 Arba in the previous year. Personnel expenses rose by 4.19% to Rs. 4.62 Arba. Despite the decline in interest income, operating profit almost doubled, hitting Rs. 6.28 Arba from Rs. 3.15 Arba in the previous year.
Key financial indicators reflected overall improvement. The capital adequacy ratio increased to 13.90% from 12.37%, while the non-performing loan (NPL) ratio remained stable at 4.96%. Annualized earnings per share (EPS) jumped to Rs. 23.12 from Rs. 2.17, while net worth per share increased to Rs. 162.00 from Rs. 138.64. By quarter’s end, PRVU shares were priced at Rs. 221.89, reflecting a price-to-earnings (P/E) ratio of 9.60 times.
Prabhu Bank Q4 FY 2081/82 – Key Financial Highlights
| Particulars | Q4 FY 2081/82 | Q4 FY 2080/81 | Change (%) |
|---|---|---|---|
| Net Profit | Rs. 5.44 Arba | Rs. 51.08 Cr | +965.41% |
| Paid-up Capital | Rs. 23.54 Arba | Rs. 23.54 Arba | – |
| Reserves | Rs. 13.55 Arba | Rs. 12.12 Arba | +11.78% |
| Retained Earnings | Rs. 1.05 Arba | (Rs. 3.03 Arba) | – |
| Distributable Profit | Rs. 1.05 Arba | – | – |
| Customer Deposits | Rs. 3.42 Kharba | Rs. 3.05 Kharba | +12.19% |
| Loans & Advances | Rs. 2.30 Kharba | Rs. 2.21 Kharba | +4.22% |
| Borrowings | Rs. 68.77 Cr | – | – |
| Cost of Funds | 4.36% | 5.77% | Improved |
| Net Interest Income | Rs. 7.20 Arba | Rs. 11.89 Arba | -39.47% |
| Personnel Expenses | Rs. 4.62 Arba | Rs. 4.43 Arba | +4.19% |
| Operating Profit | Rs. 6.28 Arba | Rs. 3.15 Arba | +99.37% |
| Capital Adequacy Ratio | 13.90% | 12.37% | Improved |
| NPL Ratio | 4.96% | 4.98% | Stable |
| EPS (Annualized) | Rs. 23.12 | Rs. 2.17 | – |
| Net Worth per Share | Rs. 162.00 | Rs. 138.64 | – |
| Market Price per Share | Rs. 221.89 | – | – |
| P/E Ratio | 9.60 times | – | – |
Report: Prabhu Bank Reports Massive Profit Growth in Q4 FY 2081/82
