Machhapuchchhre Bank Limited (MBL) has shown rise in net profit of 13.77% in the first quarter of the current fiscal year 2074/75.
As per the unaudited report published today, the commercial bank has stated that its net profit increased to Rs 28.09 crore in Q1 of the fiscal year 2074/75 from Rs 24.69 crore in the corresponding quarter of the previous fiscal year 2073/74.
Its deposit collection reached to Rs 60.30 arba from Rs 58.13 arba where the bank floated loans of Rs 54.42 arba from Rs 49.87 arba in the corresponding quarter of the FY 2073/74.
It has paid up capital of Rs 8.03 arba (including 9% bonus from the net profit of FY 2073/74) with Rs 2.13 arba in reserve.
Its Earning per Share (EPS) stands at Rs 13.98 where net worth per share stands at Rs 115.28 and P/E ratio at 22.93 times.
Major Highlights:
| Particulars (In Rs '000) |
Machhapuchhre Bank (MBL) |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
8,039,619 |
4,666,430 |
72.29% |
| Reserve & Surplus |
1,228,127 |
920,723 |
33.39% |
| Deposits |
60,301,298 |
58,137,050 |
3.72% |
| Borrowings |
168,327 |
1,553,816 |
-89.17% |
| Loans & Advances |
54,421,881 |
49,874,341 |
9.12% |
| Net Interest Income |
612,136 |
535,271 |
14.36% |
| Provision for possible losses |
84,325 |
109,174 |
-22.76% |
| Operating Profit |
408,424 |
338,944 |
20.50% |
| Net Profit |
280,959 |
246,951 |
13.77% |
| NPL (%) |
0.45 |
0.54 |
-16.67% |
| Annualized EPS (In Rs.) |
13.98 |
21.17 |
-33.96% |
| Net Worth per Share (In Rs.) |
115.28 |
119.73 |
-3.72% |
| P/E Ratio (In times) |
22.93 |
39.21 |
-41.52% |
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