Machhapuchchhre Bank published an outstanding Q3 report with 45.29% profit growth; can distribute 16% dividend next year
Sun, Apr 21, 2019 6:31 AM on Dividend, Bonus & Rights, Financial Analysis,
Machhapuchchhre Bank Limited (MBL) has published an outstanding third quarter report for FY 2075/76 with 45.29% growth in net profit.
The bank’s profit has increased from Rs 85.40 crore in the third quarter of the fiscal year 2074/75 to Rs 1.24 arba in the third quarter of the fiscal year 2075/76.
In the same quarter, the bank has Rs 98.18 crore as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. If the profit growth of this quarter continues in fourth quarter then the company will have Rs 1.30 arba (approx.) as distributable profit. This means MBL can distribute around 16% (approx.) dividend next year if other regulatory requirements are not needed.
The bank’s has deposit of Rs 81.16 arba and loans and advances is Rs 74.98 arba in till third quarter. The net interest income of the bank has increased by 39.98% to Rs 2.60 arba from Rs 1.85 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.05 arba with Rs 2.73 arba as its reserve.
The Non-Performing Loan (NPL) has also slightly increased to 0.48% from 0.35%.
In the third quarter, the EPS of the bank stands at Rs 20.54. The net worth per share stands at Rs 133.91 and PE ratio stands at 11.63 times.
Major Highlights:
* Figure are of Immediate Previous Year Ending (Audited)
|
Particulars (In Rs '000) |
Machhapuchchhre Bank |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital |
8,055,693 |
8,055,693* |
0.00% |
|
Reserve & Surplus |
2,731,915 |
2,301,179* |
18.72% |
|
Deposits |
81,163,161 |
71,142,373* |
14.09% |
|
Loans & Advances |
74,984,076 |
62,417,218* |
20.13% |
|
Net Interest Income |
2,601,697 |
1,858,556 |
39.98% |
|
Impairment Charge/(Reversal) |
-167,941 |
-108,282 |
- |
|
Operating Profit |
1,704,474 |
1,226,705 |
38.95% |
|
Profit/(Loss) for the Year |
1,240,818 |
854,052 |
45.29% |
|
Total Comprehensive Income |
1,236,305 |
848,413 |
45.72% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
981,831 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
12.63 |
15.72 |
-19.66% |
|
NPL |
0.48 |
0.35 |
37.14% |
|
CCD (as per NRB Directives) |
77.34 |
78.66 |
-1.68% |
|
Cost of Fund (%) |
7.96 |
7.53 |
5.71% |
|
Base Rate (%) |
10.52 |
11.1 |
-5.23% |
|
Annualized EPS (In Rs.) |
20.54 |
14.14 |
45.29% |
|
Net Worth per Share (In Rs.) |
133.91 |
128.57 |
4.16% |
|
PE Ratio |
11.63 |
- |
- |
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