Muktinath Bikas Bank Bank Limited (MNBBL) has registered healthy profit growth of 40.37 percent in the second quarter (Q2) of the fiscal year 2073/74.
According to the unaudited financial report published by the development bank today, its net profit has increased to Rs. 22.32 crore in second quarter up from Rs. 15.90 crore in the corresponding quarter of the previous fiscal year.
Muktinath Bikas Bank’s net interest income has risen to Rs 46.03 crore in Q2 as compared to Rs. 30.87 crore in the corresponding quarter.
It has a paid up capital of Rs 1.53 arba with reserve of Rs 83.84 crore in Q2.
The bank also collected deposits of Rs 14.58 arba in Q2, up from Rs 9.23 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 13.09 arba in Q2 whereas in the same period last year the figure stood at Rs. 7.86 arba.
Its non-performing loan (NPL) declined to 0.18 percent in the current quarter from 0.26 percent in the previous year report.
Muktinath’s annualized Earnings per Share (EPS) stands at Rs. 29.15, net worth per share at Rs.128.58, and P/E ratio at 26.86 times. Its EPS has declined as it has capitalized its 34% bonus share for the year 2072/73, and the recently issued 50% right share.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
1,531,350.19 |
838,432.75 |
82.64% |
| Reserve and Surplus |
444,025.69 |
293,078.89 |
51.50% |
| Deposits |
14,582,139.10 |
9,235,773.39 |
57.89% |
| Loans and Advances |
13,094,043.81 |
7,863,989.87 |
66.51% |
| Net Interest Income |
460,355.66 |
308,767.27 |
49.09% |
| Provision |
39,121.08 |
14,653.09 |
- |
| Write Back |
- |
7,273.11 |
- |
| Operating Profit |
333,764.08 |
233,064.54 |
43.21% |
| Net Profit |
223,220.01 |
159,017.09 |
40.37% |
| Capital Adequacy Ratio |
13.56% |
13.01% |
- |
| NPL |
0.18% |
0.26% |
-30.77% |
| Base Rate |
9.78% |
9.40% |
- |
| Cost of Fund |
5.62% |
5.44% |
|
| CD Ratio (as per NRB) |
79.11% |
75.89% |
- |
| EPS (Annualized) |
29.15 |
37.93 |
-23.14% |
| PE Ratio |
26.86 |
|
|
| Networth Per Share |
128.58 |
|
|
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