Machhapuchchhre Bank Earns Rs 2.16 Arba With 34.43% Growth In Q4; Distributable Profit Stands at Rs 1.32 Arba
Sun, Jul 24, 2022 8:18 AM on Financial Analysis, Stock Market, Latest,
Machhapuchchhre Bank Limited (MBL) has published an outstanding fourth quarter report for FY 2078/79 with 34.43% growth in net profit.
The bank’s profit has increased from Rs. 1.60 arba in the fourth quarter of the fiscal year 2077/78 to Rs 2.16 arba in the fourth quarter of the fiscal year 2078/79.
In the same quarter, the bank has Rs 1.32 Arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders.
The existing capital adequacy of MBL is 13.47% and the Credit to Deposit (CD) ratio of the bank is 86.16 for the fiscal end of 78/79.
The bank has deposits from customers of Rs 1.45 Kharba and loans and advances to customers stand at Rs 1.28 Kharba until the fourth quarter. The net interest income of the bank has increased by 16.67% to Rs 5.07 Arba from Rs 4.35 arba in the corresponding quarter.
The bank’s paid-up capital stands at Rs 10.25 Arba with Rs 4.68 Arba as its reserve and surplus.
In the fourth quarter, the EPS of the bank stands at Rs 21.07. The net worth per share stands at Rs 145.7 and PE ratio stands at 12.06 times.
Major Highlights:
| Particulars (In Rs '000") | Machhapuchchhre Bank | ||
|---|---|---|---|
| Q4 2078/79 | Q4 2077/78 | Difference | |
| Share Capital | 10,257,156 | 9,053,095 | 13.30% |
| Share Premium | 30,882 | 30,882 | 0.00% |
| Retained Earnings | 1,328,406 | 1,271,636 | 4.46% |
| Reserves | 3,324,649 | 2,508,520 | 32.53% |
| Deposits from Customers | 145,026,050 | 131,617,965 | 10.19% |
| Loans & Advances to customers | 128,562,255 | 113,572,010 | 13.20% |
| Net Interest Income | 5,076,999 | 4,351,493 | 16.67% |
| Impairment Charge/(Reversal) | 241,973 | 497,799 | -51.39% |
| Personnel Expenses | 1,989,563 | 1,769,508 | 12.44% |
| Operating Profit | 3,130,041 | 2,469,533 | 26.75% |
| Profit/(Loss) for the Year | 2,160,900 | 1,607,473 | 34.43% |
| Total Comprehensive Income | 2,144,187 | 1,577,198 | 35.95% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 1,328,406 | ||
| Capital Adequacy Ratio (CAR) | 13.47 | 12 | 12.25% |
| NPL | 0.84 | 0.62 | 35.48% |
| CD (as per NRB Directives) | 86.16 | 85.29 | 1.02% |
| Cost of Fund (%) | 7.75 | 5.29 | 46.50% |
| Interest Rate Spread (%) | 4.33 | 3.82 | 13.35% |
| Base Rate (%) | 9.86 | 7.26 | 35.81% |
| EPS (In Rs.) | 21.07 | ||
| Net Worth per Share (In Rs.) | 145.7 | ||
| Qtr End PE Ratio (times) | 12.06 | - | - |
| Qtr End Market Price | 254 | - | - |
