Nepal Investment Mega Bank Reports 2522.47% Surge in Q1 Net Profit to Rs. 1.18 Arba
Sun, Nov 1, 2026 11:33 AM on Financial Analysis, Highlight News, Company Analysis,
Nepal Investment Mega Bank Limited (NIMB) has reported a remarkable 2522.47% surge in net profit for the first quarter of FY 2083/84, reaching Rs. 1.18 Arba compared to Rs. 4.51 Crores in the corresponding quarter of the previous fiscal year. The bank's paid-up capital remained unchanged at Rs. 34.13 Arba, while reserves increased by 3.01% to Rs. 39.59 Arba. Retained earnings stood at negative Rs. 5.16 Arba.
During the quarter, total deposits increased by 2.69% to Rs. 5.41 Kharba, while loans and advances grew marginally by 0.33% to Rs. 3.22 Kharba. Net Interest Income increased by 0.88% to Rs. 3.27 Arba. Personnel expenses rose by 22.29% to Rs. 95.01 Crores, while impairment charges declined sharply by 60.81% to Rs. 1.10 Arba from Rs. 2.80 Arba in the corresponding quarter.
The significant reduction in impairment charges contributed to a substantial improvement in operating profit, which surged by 1024.95% to Rs. 1.69 Arba from Rs. 15.03 Crores in the corresponding period.
The bank's distributable profit after profit/loss appropriation and regulatory adjustments stood at negative Rs. 5.16 Arba. Its capital adequacy ratio stood at 12.17%, while the Non-Performing Loan (NPL) ratio increased to 8.87% from 6.63%. Meanwhile, the cost of funds declined significantly to 3.07% from 3.92%.
NIMB's Earnings Per Share (EPS) stood at Rs. 13.85, compared to Rs. 0.53 in the corresponding quarter, representing a 2522.47% increase. Net worth per share increased by 1.61% to Rs. 200.88 from Rs. 197.71. The bank's quarter-end PE ratio stood at 14.89 times, while its quarter-end market price was Rs. 206.20 per share.
* Figures are of Immediate Previous Year Quarter Ending
Major Highlights:
| Particulars (In Rs '000) | Nepal Investment Mega Bank Limited | ||
| Q1 2083/84 | Q1 2082/83 | Difference | |
| Paid Up Capital | 34,128,595.00 | 34,128,595.00* | 0.00% |
| Share Premium | 0.00 | 0.00 | |
| Retained Earnings | -5,161,630.00 | -5,087,553.00* | 1.46% |
| Reserves | 39,592,075.00 | 38,433,468.00* | 3.01% |
| Deposit | 540,796,906.00 | 526,632,048.00* | 2.69% |
| Loans & Advances | 322,412,019.00 | 321,342,058.00* | 0.33% |
| Net Interest Income | 3,271,685.00 | 3,243,125.00 | 0.88% |
| Personnel Expenses | -950,085.00 | -776,930.00 | 22.29% |
| Impairment Charges | -1,097,393.00 | -2,800,431.00 | -60.81% |
| Operating Profit | 1,690,705.00 | 150,292.00 | 1024.95% |
| Net Profit | 1,181,421.00 | 45,050.00 | 2522.47% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | -5,161,630.00 | -1,169,440.00 | - |
| Capital Adequacy (%) | 12.17 | 13.48 | -9.72% |
| NPL (%) | 8.87 | 6.63 | |
| Cost of Fund (%) | 3.07 | 3.92 | -21.68% |
| EPS (In Rs.) | 13.85 | 0.53 | 2522.47% |
| Net Worth per Share (In Rs.) | 200.88 | 197.71 | 1.61% |
| Qtr end PE Ratio (times) | 14.89 | - | - |
| Qtr End Market Price | 206.2 | - | - |
