Himalayan Bank reports 23% rise in net profit; EPS and Net worth per share stands at Rs 32.09 and Rs 171.20 respectively
Thu, Jan 31, 2019 12:30 PM on Financial Analysis, Latest, Stock Market,
Himalayan Bank Limited (HBL) has reported a rise in the net profit for the second quarter of the fiscal year 2075/76. As per the quarterly report published today, the net profit has increased by 23.62% in the second quarter of the current fiscal year.
The bank’s profit has increased from Rs 1.10 arba in the second quarter of the fiscal year 2074/75 to Rs 1.35 arba in the second quarter of the current year. The bank had Rs 1.16 arba as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders after maintaining the mandatory reserve as per NRB directives.
The bank’s deposit has decent growth rate of 14.54% to Rs 1.06 kharba and loans and advances have also increased by 20.41% to Rs 98.83 arba in the second quarter.
The net interest income of the bank has increased to Rs 2.49 arba from Rs 1.86 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.52 arba with Rs 6.06 arba as its reserve as of the end of Q2 of FY 2075/76.
The Non-Performing Loan (NPL) has decreased to 1.25% from 1.32%.
In the second quarter, the EPS of the bank stands at Rs 32.09. The net worth per share stands at Rs 171.20.
Major Highlights:
|
Particulars (In Rs '000) |
HBL |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
8,520,256 |
8,114,529 |
5.00% |
|
Reserve & Surplus |
6,066,040 |
4,696,545 |
29.16% |
|
Deposits |
106,107,324 |
92,634,974 |
14.54% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
98,836,632 |
82,085,507 |
20.41% |
|
Net Interest Income |
2,493,438 |
1,869,507 |
33.37% |
|
Operating Profit |
1,960,402 |
1,520,255 |
28.95% |
|
Net Profit |
1,367,043 |
1,105,877 |
23.62% |
|
Total Comprehensive Income afterShare of NCI |
1,354,410 |
1,105,877 |
22.47% |
|
Add/ Less: Regulatory adjustment as per NRB |
(205,872) |
- |
- |
|
Free Profit/ (Loss) after Regulatory Adjustments |
1,161,171 |
1,107,877 |
4.81% |
|
NPL |
1.25 |
1.32 |
-5.30% |
|
Annualized EPS (In Rs.) |
32.09 |
27.26 |
17.73% |
|
Net Worth per Share (In Rs.) |
171.20 |
157.88 |
8.44% |
