Leading Development Bank Muktinath Bikas Bank publish excellent Q2 report; Net profit rises to Rs 61.55 crore with EPS of Rs 25.59
Thu, Jan 21, 2021 7:44 AM on Financial Analysis, Company Analysis, Latest,
Muktinath Bikas Bank Limited (MNBBL) has published its second-quarter report for the FY 2077/78 with a satisfactory rise in net profit by 30.28%.
The development bank’s profit has increased from Rs 47.25 crore in the second quarter of the fiscal year 2076/77 to Rs 61.55 crore in the second quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 52.55 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has a growth rate of 30.64% (compared to the immediate previous year ending) to Rs 74.87 arba and loans and advances to customers have increased by 22.27% (compared to the immediate previous year ending) to Rs 58.27 arba in the second quarter. The net interest income of the bank has increased by 5.80% to Rs 1.16 arba from Rs 1.09 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs 4.81 arba with Rs 1.46 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has increased to 0.3% from 0.11%.
In the second quarter, the annualized EPS of the development bank stands at Rs 25.59. The net worth per share stands at Rs 130.46 and the qtr end PE ratio stands at 14.73 times.
Financial Highlights:
* Figure is of Immediate Previous Year Ending
|
Particulars (In Rs '000) |
Muktinath Bikas Bank Limited |
||
|---|---|---|---|
|
Q2 2077/78 |
Q2 2076/77 |
Difference |
|
|
Share Capital* |
4,811,551 |
4,324,989 |
11.25% |
|
Share Premium* |
0 |
64,012 |
|
|
Retained Earnings* |
532,608 |
613,779 |
-13.22% |
|
Reserves* |
933,019 |
815,678 |
14.39% |
|
Deposits from Customers* |
74,872,247 |
57,310,863 |
30.64% |
|
Loans & Advances to customers* |
58,274,041 |
47,660,905 |
22.27% |
|
Net Interest Income |
1,162,439 |
1,098,750 |
5.80% |
|
Impairment Charge/(Reversal) |
171,307 |
89,230 |
0.00% |
|
Personnel Expenses |
476,598 |
384,356 |
24.00% |
|
Operating Profit |
865,211 |
674,940 |
28.19% |
|
Profit/(Loss) for the Year |
615,574 |
472,512 |
30.28% |
|
Total Comprehensive Income |
642,850 |
463,702 |
38.63% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
525,510 |
|
|
|
Capital Adequacy Ratio (CAR) |
11.89 |
14.15 |
-15.97% |
|
NPL |
0.3 |
0.11 |
172.73% |
|
CCD (as per NRB Directives) |
78.48 |
77.93 |
0.71% |
|
Cost of Fund (%) |
6.24 |
8.61 |
-27.53% |
|
Interest Rate Spread (%) |
4.99 |
5.66 |
-11.84% |
|
Base Rate (%) |
8.38 |
11.18 |
-25.04% |
|
Annualized EPS (In Rs.) |
25.59 |
21.85 |
17.10% |
|
Net Worth per Share (In Rs.) |
130.46 |
134.53 |
-3.03% |
|
Qtr End PE Ratio (times) |
14.73 |
- |
- |
|
Qtr End Market Price |
377 |
- |
- |
