Core Business Revenue of NIFRA Reports a 41.20% Incline for Q4; Earns Rs. 1.02 Arba
Fri, Jul 22, 2022 11:48 AM on Latest, Financial Analysis, Stock Market,
Nepal Infrastructure Bank Limited (NIFRA) has published its Q4 report with an incline in net profit by 22.53%. The net profit increased to Rs. 1.02 Arba in this quarter from Rs. 83.7 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 21.60 Arba and reserve and surplus stood at Rs. 1.73 Arba till Q4.
The deposit from customers stood at Rs. 43.8 crores while loans and advances stood at Rs. 15.53 Arba, which has significantly increased from Rs. 2.27 Arba.
The net interest income (core business revenue) of the bank increased to Rs. 1.88 Arba in this quarter. The operating profit increased by 23.14% to Rs. 1.46 Arba.
The bank’s EPS stood at Rs. 4.75 and net worth per share stood at Rs. 108.04. The company traded at a P/E multiple of 50.52 times.
Major Highlights:
| Particulars (In Rs '000) | Nepal Infrastructure Bank Limited | ||
|---|---|---|---|
| Q4 2078/79 | Q4 2077/78 | Difference | |
| Paid Up Capital | 21,600,000.00 | 20,000,000.00 | 8.00% |
| Reserve & Surplus | 1,737,043.00 | 2,401,758.00 | |
| Deposits | 438,020.00 | 301,640.00 | 45.21% |
| Borrowings | 1,750,000.00 | 1,600,000.00 | - |
| Loans & Advances | 15,539,275.00 | 2,275,529.00 | 582.89% |
| Net Interest Income | 1,886,328.00 | 1,335,909.00 | 41.20% |
| Total Operating Income | 1,895,963.00 | 1,337,843.00 | 41.72% |
| Operating Profit | 1,465,772.00 | 1,190,323.00 | 23.14% |
| Net Profit | 1,026,111 | 837,410 | 22.53% |
| Capital Adequacy (%) | 119.22 | 305.55 | |
| Cost of Funds (%) | 9.40 | 9.40 | 0.00% |
| CCD | 66.20 | 9.63 | 587.44% |
| EPS (In Rs.) | 4.75 | 5.35 | |
| Net Worth per Share (In Rs.) | 108.04 | ||
| PE Ratio (times) | 50.52 | ||
