Machhapuchchhre Bank profit rises by meager 5.18% in Q2 despite healthy rise in loans, net interest and fee based income; EPS stands at Rs 19.43
Mon, Feb 3, 2020 8:14 AM on Financial Analysis, Latest,
Machhapuchchhre Bank Limited (MBL) has published its second quarter report for the FY 2076/77 today with a meager 5.18% rise in net profit. The bank’s profit has increased from Rs 78.13 crore in the second quarter of the fiscal year 2075/76 to Rs 82.18 crore in the second quarter of the fiscal year 2076/77.
In the same quarter, the bank has Rs 60.63 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has increased by 14.47% (compared to immediate previous year ending) to Rs 97.52 arba and loans and advances to customers increased by 16.58% (compared to immediate previous year ending) to Rs 87.54 arba till the second quarter. The net interest income (core business income) of the bank has increased by 17.11% to Rs 1.98 arba from Rs 1.69 arba of the corresponding quarter.
MBL's fee and commission income rises by massive 49.80% to Rs 54.59 crore from Rs 36.44 crore in corresponding quarter.
The bank’s paid up capital stands at Rs 8.45 arba with Rs 2.69 arba as its reserve and surplus. The Non-performing loan stands at 0.45%.
In the second quarter, the annualized EPS of the bank stands at Rs 19.43. The net worth per share stands at Rs 131.88 and qtr end PE ratio stands at 11.78 times.
Major Highlights:
* 2075/76 figure are of Immediate Previous Year Ending.
|
Particulars (In Rs '000) |
Machhapuchchhre Bank Limited |
||
|---|---|---|---|
|
Q2 2076/77 |
Q2 2075/76 |
Difference |
|
|
Paid Up Capital* |
8,458,478 |
8,055,693 |
5.00% |
|
Share Premium* |
30,882 |
30,882 |
|
|
Retained Earnings* |
610,910 |
1,293,467 |
-52.77% |
|
Reserves* |
2,054,969 |
1,856,830 |
10.67% |
|
Deposits from Customers* |
97,523,903 |
85,198,402 |
14.47% |
|
Loans & Advances to Customers* |
87,546,619 |
75,095,774 |
16.58% |
|
Net Interest Income |
1,986,876 |
1,696,599 |
17.11% |
|
Fee and Commission Income |
545,919 |
364,441 |
49.80% |
|
Impairment Charge/(Reversal) |
-174,800 |
-112,035 |
- |
|
Personnel Expenses |
818,365 |
612,231 |
33.67% |
|
Operating Profit |
1,235,336 |
1,143,074 |
8.07% |
|
Non-Operating Income |
3,445 |
9,387 |
-63.30% |
|
Profit/(Loss) for the Year |
821,850 |
781,378 |
5.18% |
|
Total Comprehensive Income |
815,758 |
776,892 |
5.00% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
606,354 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
13.48 |
12.83 |
5.07% |
|
NPL |
0.45 |
0.44 |
2.27% |
|
CCD (as per NRB Directives) |
78.72 |
77.64 |
1.39% |
|
Cost of Fund (%) |
7.64 |
7.98 |
-4.26% |
|
Base Rate (%) |
10.26 |
10.99 |
-6.64% |
|
Annualized EPS (In Rs.) |
19.43 |
19.40 |
0.17% |
|
Net Worth per Share (In Rs.) |
131.88 |
139.49 |
-5.45% |
|
Qtr End PE Ratio (times) |
11.78 |
- |
- |
|
Qtr End Market Price* |
229 |
- |
- |
|
Price to Book (PB Ratio) |
1.74 |
- |
- |
