Machhapuchchhre bank profit remains stagnant in Q1; EPS and PE stands at Rs 17.78 and 12.60 times
Fri, Nov 15, 2019 7:02 AM on Financial Analysis, Stock Market, Latest,
Machhapuchchhre Bank Limited (NMB) has published its first quarter report for the FY 2076/77 today. The profit figure remains stagnant with just 1.16% growth.
The bank’s profit has slightly increased from Rs 37.16 crore in the first quarter of the fiscal year 2075/76 to Rs 37.60 crore in the first quarter of the fiscal year 2076/77. In the same quarter, the bank has Rs 15.05 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has increased by 7.13% (compared to immediate previous year ending) to Rs 91.27 arba and loans and advances to customers increased by 11.37% (compared to immediate previous year ending) to Rs 83.63 arba in the first quarter. The net interest income (core business income) of the bank has increased by 13.04% to Rs 95.24 crore from Rs 84.25 crore of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.45 arba with Rs 2.25 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has slightly decreased to 0.31% from 0.47%.
In the first quarter, the annualized EPS of the bank stands at Rs 17.78. The net worth per share stands at Rs 126.64 and qtr end PE ratio stands at 12.60 times.
Machhapuchchhre Bank Limited has proposed 5% bonus shares and 11% cash dividend for last FY 2075/76 and this agendas has been already endorsed by its AGM and 5% bonus shares is already adjusted in published Q1 report.
Major Highlights:
* 2075/76 figure are of Immediate Previous Year Ending.
* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q1 end paid up capital.
