Machhapuchchhre Bank Limited (MBL) has posted a net profit rise of 61.01 percent in the third quarter (Q3) of fiscal year 2073/74.
As per the unaudited quarterly report for the third quarter today, the commercial bank has registered a net profit of Rs. 1.005 arba in the third quarter of last fiscal year 2073/74, up from Rs 62.42 crore in the corresponding quarter of fiscal year 2072/73.
MBL's net interest income has surged from Rs. 1.31 arba in the previous year to Rs. 1.71 arba in current fiscal year report.
The operating profit of the bank has increased to Rs 1.33 arba in Q3 from Rs 86.71 crore in the corresponding period of the previous fiscal year 2072/73. The write back of provision for possible losses has increased to Rs 13.59 crore from Rs 9.47 crore as compared to the Q3 of last fiscal year. Massive increment in the operational profit combined with the higher write back has propelled the net profit of MBL.
Machhapuchchhre Bank has a paid up capital of Rs. 6.59 arba and a reserve of Rs. 1.75 arba at present.
The bank has collected Rs. 58.04 arba in deposits and has extended Rs. 53.05 arba in loans in the third quarter of FY 2073/74 as compared to Rs. 48.43 arba in deposit and Rs.40.81 arba in loans in the corresponding quarter of fiscal year 2071/72.
The bank’s non-performing loan remains at 0.36 percent and CD ratio stands at a relaxed 71.95 percent in Q3. This shows that MBL still has a lot of room to grow.
MBL’s annualized EPS has slightly declined to Rs. 20.39 in Q3 from Rs.24.98 in the corresponding quarter. Likewise, its net worth per share now stands at Rs.126.60, down from Rs.164.05. Its price earning ratio (P/E) stand at 18.11.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
6,598,700 |
3,331,500 |
98.07% |
| Reserve and Surplus |
1,758,407 |
2,133,673 |
-17.59% |
| Deposits |
58,048,107 |
48,438,647 |
19.84% |
| Loans and Advances |
53,058,958 |
40,816,697 |
29.99% |
| Net Interest Income |
1,751,611 |
1,310,623 |
33.65% |
| Provision |
145,075 |
104,107 |
- |
| Write Back |
135,900 |
94,708 |
- |
| Operating Profit |
1,331,187 |
867,130 |
53.52% |
| Net Profit |
1,005,152 |
624,276 |
61.01% |
| Capital Adequacy Ratio |
16.30% |
12.49% |
- |
| NPL |
0.36% |
0.56% |
-35.71% |
| Cost of Fund |
4.26% |
3.86% |
|
| CD Ratio (as per NRB) |
71.95% |
0.00% |
- |
| EPS (Annualized) |
20.31 |
24.98 |
-18.71% |
| PE Ratio |
18.11 |
|
|
| Networth Per Share |
126.65 |
|
|
