Machhapuchchhre Bank becomes the first among the commercial banks to publish Q1 report; EPS reaches Rs 18.46 with 48.44% rise in the net profit
Thu, Nov 1, 2018 1:41 PM on Financial Analysis, Stock Market, Latest,
Machhapuchchhre Bank Limited (MBL) has published its first quarter report based on the Nepal Financial Reporting Standards (NFRS). The bank has reported a rise in the net profit by 48.44% in the first quarter of the fiscal year 2075/76.
The bank’s profit has increased from 25.03 crore in the first quarter of the fiscal year 2074/75 to Rs 37.16 crore in the first quarter of the fiscal year 2075/76. In the first quarter of the FY 2075/76, the bank has Rs 38.69 crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.
The bank’s deposit has growth rate of 29.33% to Rs 77.98 arba and loans and advances have also increased to Rs71.80 arba in the first quarter. The borrowings of the bank have increased to Rs 1.93 arba from Rs 16.83 crore. The net interest income of the bank has also increased to Rs 84.25 crore from Rs 56.92 crore of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.05 arba with Rs 2.69 arba as its reserve.
The Non-Performing Loan (NPL) stands at 0.47%.
In the first quarter, the EPS of the bank stands at Rs 18.46. The net worth per share stands at Rs 133.43.
Major Highlights:
|
Particulars (In Rs '000) |
MBL |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
8,055,691 |
8,019,619 |
0.45% |
|
Reserve & Surplus |
2,692,869 |
1,301,321 |
106.93% |
|
Deposits |
77,984,863 |
60,301,295 |
29.33% |
|
Borrowings |
1,930,519 |
168,327 |
1046.89% |
|
Loans & Advances |
71,805,674 |
54,925,395 |
30.73% |
|
Net Interest Income |
842,583 |
569,705 |
47.90% |
|
Operating Profit |
540,455 |
358,613 |
50.71% |
|
Net Profit |
371,692 |
250,391 |
48.44% |
|
Total Comprehensive Income afterShare of NCI |
373,072 |
251,142 |
48.55% |
|
Add/ Less: Regulatory adjustment as per NRB |
15,242 |
30,568 |
-50.14% |
|
Free Profit/ (Loss) after Regulatory Adjustments |
386,934 |
280,959 |
37.72% |
|
NPL |
0.47 |
0.45 |
4.44% |
|
Annualized EPS (In Rs.) |
18.46 |
12.49 |
47.78% |
|
Net Worth per Share (In Rs.) |
133.43 |
116.23 |
14.80% |
|
P/E Ratio (In times) |
11.92 |
- |
- |
