Machhapuchchhre Bank profit rises to Rs 24.69 crore in Q1 but EPS decline from Rs 24.94 to Rs 21.17

Machhapuchchhre Bank Limited (MBL) has registered profit rise of 42.64 percent in the first quarter of the current fiscal year 2073/74. According to the unaudited financial report published by the commercial bank today, its net profit has rises to Rs 24.69 crore in first quarter up from Rs. 17.31 crore in the corresponding quarter of the last fiscal year 2071/72. Machapuchchhre Bank’s net interest income has risen to Rs 1.03 arba in Q1 as compared to Rs 82.47 crore in the corresponding quarter. It’s paid up capital remains at Rs 4.66 arba with reserve of Rs 92.07 arba in Q1. The bank also amassed huge amount of deposits in the Q1 of the ongoing fiscal year. Deposits collection reached Rs 58.13 arba in Q1 from Rs 44.70 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 49.87 arba in Q1 whereas in the same period last year the figure stood at Rs 36.96 arba. Its non-performing loan has drop to 0.54 percent in Q1 down from 0.47 percent in the previous year report. Its Earning per share (EPS) stand at Rs 21.17 down from Rs 24.94,net worth per share is 119.73, and the P/E ratio at 21.65 times.