Muktinath & Biratlaxmi Bikas Bank Q1 earning upswings by whopping 57.77% & 64.32% respectively

Muktinath Bikas Bank Limited (MNBBL) has registered massive profit rise of 57.77 percent in the first quarter of the current fiscal year 2072/73. According to the unaudited financial report published by the development bank today, its net profit has surged to Rs 6.85 crore in first quarter up from Rs 4.34 crore in the corresponding quarter of the fiscal year 2071/72. Muktinath Bikas Bank’s net interest income has risen to Rs 14.62 crore in Q1 as compared to Rs 10.24 crore in the corresponding quarter. It’s paid up capital remains at Rs 64 crore. The bank also amassed huge amount of deposits in the Q1 of the ongoing fiscal year. Deposits collection reached Rs 8.30 arba in Q1 from Rs 5.58 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs7.28 arba in Q1 of FY 2072/73 whereas in the same period last year the figure stood at Rs 4.87arba. Its non-performing loan has decline to 0.31 percent in Q1 up from 0.52 percent in the previous year report. MNBBL earning per share (EPS) stand at Rs 42.86, net worth per share at 165.13, and the P/E ratio at 16.33 times. Biratlaxmi Bikas Bank Limited(BLDBL) has posted a net profit of Rs 1.30 crore in the Q1 for the fiscal year 2072/73. The profit has risen by 64.32% as compared to the corresponding quarter of the previous fiscal year. As per the unaudited financial report published today, the bank has reported operating profit of Rs 2.04 crore in Q1. Its net interest income increased 4.55 crore from Rs 3.70 crore in Q1. Biratlaxmi bank has paid up capital of Rs 34.02 crore in Q1. Its NPL dropped to 1.31% from1.40 % in the Q1.Likewise the bank’s CD ratio is 57.76%, Earning per Share (annualized) and net worth remains at Rs 15.33 and Rs 151.98 respectively. Its P/E stands at Rs 23.95 times.