Machhapuchhre Bank Limited reports slight increment in core business revenue in Q3; Look at the major highlights
Tue, Apr 27, 2021 8:42 AM on Latest, Company Analysis,
Machhapuchhre Bank Limited (MBL) has published its third-quarter report for the FY 2077/2078 with an increment in Net Profit by 10.61%. The bank's net profit has increased from Rs. 1.16 Arab in the third quarter of FY 2076/2077 to Rs. 1.29 crores in the third quarter of FY 2077/2078.
The bank reported Rs. 84.69 crores as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank’s deposit from customers increased by 20.56% to Rs. 1.25 kharba (compared to immediate previous year ending) whereas loans and advances to customers increased by 17.84% to Rs. 1.12 kharba (compared to the immediate previous year ending) till the third quarter. The bank's Net Interest Income (core business income) has increased by a small margin of 4.09% to Rs. 3.16 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 9.05 Arba with Rs. 3.56 Arba in Reserve and surplus. The Non-performing loan (NPL) stood at 0.51%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 19.01 and Net worth per share stood at Rs. 139.34. The company traded at a P/B multiple of 2.31 times.
Major Highlights:
|
Particulars |
Machhapuchhre Bank Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Share Capital |
9,053,094.58 |
8,458,477.65 |
7.03% |
|
Reserve & Surplus |
3,561,809.55 |
3,126,225.19 |
13.93% |
|
Loans and Advances |
112,574,996.13 |
95,529,226.53 |
17.84% |
|
Deposit from Customers |
125,498,311.68 |
104,098,899.87 |
20.56% |
|
Net Interest Income |
3,163,189.58 |
3,038,909.53 |
4.09% |
|
Impairment charge/(Reversal) for loans |
158,130.56 |
246,356.07 |
- |
|
Operating Profit |
1,944,723.93 |
1,780,084.37 |
9.25% |
|
Net Profit |
1,290,612.97 |
1,166,855.67 |
10.61% |
|
Capital Adequacy Ratio (CAR) |
11.75% |
12.63% |
- |
|
Non-performing Loan (%) |
0.51% |
0.20% |
- |
|
Cost of Funds (%) |
5.10% |
6.39% |
- |
|
Base Rate (%) |
7.09% |
8.34% |
- |
|
CCD Ratio (as per NRB Directives) |
80.39% |
75.05% |
- |
|
Annualized EPS (Rs.) |
19.01 |
18.39 |
- |
|
Net Worth per share (Rs.) |
139.34 |
136.96 |
- |
|
Price to Earnings (Times) |
16.94 |
- |
- |
|
Price to Book (Times) |
2.31 |
- |
- |
