Everest Bank earns Rs 77.12 crore in Q2, lucrative share as per technical analyst
Thu, Jan 29, 2015 12:00 AM on Financial Analysis,
ShareSansar, January 29:
Everest Bank Limited (EBL) stated 13.56 percent increase in its net profit for the second quarter of the current fiscal year 2071/72.
In the unaudited financial report for the second quarter published today, the bank has stated that its net profit has increased to Rs 77.12 crore up from Rs 67.91 crore as compared to the corresponding quarter of the last fiscal year 2070/71.
The bank’s net interest income has slightly increased to Rs 1.38 arba from Rs 1.30 arba as compared to the corresponding quarter which is just a meager growth of 6.19 percent.
There is a healthy growth in the deposits to Rs 70.01 arba from Rs 59.92 arba and the loan also reached to Rs 54.70 arba from Rs 47.96 arba in this quarter.
Its non performing loan has slightly increased to 0.65 percent as compared to the corresponding quarter of last year which was 0.60 percent.
Everest Bank annualized EPS stands at Rs 76.46, the net worth per share at Rs 302.79 and the P/E ratio is 25.92 times.
Technical Analyst- Sagun Shakya believes Everest Bank share is the best share to buy as per technical analysis.
Follow the link: Why Everest Bank share price is bullish as per technical Analysis?
