Himalayan Bank Limited posts 28% increase in net profit; EPS at Rs 35.15

Himalayan Bank Limited has posted a net profit increase of 28.13% in the second quarter of the ongoing fiscal year 2073/74. As per the unaudited quarterly statement published by the commercial bank today, it has garnered a net profit of Rs 1.02 arba by the end of Q2. Its operating profit stands at Rs 1.60 arba till Q2, up from Rs 1.26 arba posted in the second quarter last year. HBL has a deposit base of Rs 91 arba and has floated loans of Rs 75.56 arba till Q2. The figures stood at Rs 81.13 arba and Rs 59 arba in the corresponding quarter in the fiscal year 2072/73. Its CD ratio stands at 79.22%. Himalayan Bank has distributed 30% bonus share for the FY 2072/73, and had issued right shares in the ratio 7:1. After the adjustment of the above bonus and right issues, the paid up capital of HBL will reach Rs 7.16 arba. As per NRB’s directive for all commercial banks to hike their paid up capital to Rs 8 arba by the end of FY 2073/74, HBL will need to increase its capital by a further 11.70%. HBL’s annualized Earnings Per Share (EPS) now stands at Rs 35.15, net worth at Rs 179.16 per share and a P/E ratio at 25.66 times as of the end of Q2.