Machhapuchchhre Bank continues its outstanding performance in Q2 as well; EPS stands at Rs 19.40 with 60% rise in profit
Fri, Jan 18, 2019 10:54 AM on Financial Analysis, Stock Market, Latest,
Machhapuchchhre Bank Limited (MBL) has published its second-quarter report based on the Nepal Financial Reporting Standards (NFRS). The bank has reported a rise in the net profit by 60.59% in the second quarter of the fiscal year 2075/76.
The bank’s profit has increased from 48.65 crores in the second quarter of the fiscal year 2074/75 to Rs 78.13 crore in the second quarter of the fiscal year 2075/76. In the second quarter of the FY 2075/76, the bank has Rs 80.36 crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.
The bank’s deposit has a growth rate of 29.45% to Rs 85.17 arba and loans and advances have also increased to Rs 74.65 arba in the second quarter. The borrowings of the bank have increased to Rs 1.38 arba from Rs 1.69 arba. The net interest income of the bank has also increased to Rs 1.69 arba from Rs 1.10 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.05 arba with Rs 2.27 arba as its reserve.
The Non-Performing Loan (NPL) stands at 0.44%.
In the second quarter, the EPS of the bank stands at Rs 19.40. The net worth per share stands at Rs 128.21. Base rate of MBL stands at 10.99%.
Major Highlights:
|
Particulars (In Rs '000) |
MBL |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
8,055,693 |
8,055,693 |
0.00% |
|
Reserve & Surplus |
2,272,465 |
1,567,619 |
44.96% |
|
Deposits |
85,176,247 |
65,798,373 |
29.45% |
|
Borrowings |
1,380,768 |
1,699,305 |
-18.75% |
|
Loans & Advances |
74,653,510 |
60,072,755 |
24.27% |
|
Net Interest Income |
1,696,599 |
1,102,529 |
53.88% |
|
Operating Profit |
1,152,462 |
696,010 |
65.58% |
|
Net Profit |
781,378 |
486,569 |
60.59% |
|
Total Comprehensive Income afterShare of NCI |
776,892 |
485,724 |
59.95% |
|
Add/ Less: Regulatory adjustment as per NRB |
22,288 |
(14,693) |
- |
|
Free Profit/ (Loss) after Regulatory Adjustments |
803,665 |
471,876 |
70.31% |
|
NPL |
0.44 |
0.33 |
33.33% |
|
Annualized EPS (In Rs.) |
19.40 |
12.08 |
60.59% |
|
Net Worth per Share (In Rs.) |
128.21 |
119.46 |
7.32% |
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