Machhapuchhre Bank reported slight decline in Net profit in Q2; EPS at Rs. 17.73
Thu, Jan 28, 2021 8:14 AM on Latest, Company Analysis,
Machhapuchhre Bank Limited (MBL) has published its second-quarter report for the FY 2077/2078 with a decline in Net Profit by 2.32%. The bank's net profit has decreased from Rs. 82.18 crores in the second quarter of FY 2076/2077 to Rs. 80.27 crores in the second quarter of FY 2077/2078.
The bank reported Rs. 45.22 crores as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank’s deposit from customers increased by 13.58% to Rs. 1.18 kharba (compared to immediate previous year ending) whereas loans and advances to customers increased by 12.32% to Rs. 1.03 kharba (compared to the immediate previous year ending) till the second quarter. The Net Interest Income (core business income) of the bank has increased by a meagre 0.08% to Rs. 1.98 arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 9.05 Arba with Rs. 3.04 Arba in Reserve and surplus. The Non-performing loan (NPL) remained at 0.76%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 17.73 and Net worth per share stood at Rs. 133.66. The company traded at a P/B multiple of 2.12 times.
Major Highlights:
|
Particulars |
Machhapuchhre Bank Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Share Capital |
9,053,094.58 |
8,458,477.65 |
7.03% |
|
Reserve & Surplus |
3,046,867.59 |
3,126,225.19 |
-2.54% |
|
Loans and Advances |
103,928,638.70 |
92,529,226.53 |
12.32% |
|
Deposit from Customers |
118,237,057.11 |
104,098,899.87 |
13.58% |
|
Net Interest Income |
1,988,431.21 |
1,986,875.54 |
0.08% |
|
Impairment charge/(Reversal) for loans |
213,209.28 |
174,800.45 |
- |
|
Operating Profit |
1,155,142.90 |
1,235,336.09 |
-6.49% |
|
Net Profit |
802,774.41 |
821,850.26 |
-2.32% |
|
Capital Adequacy Ratio (CAR) |
11.96% |
13.48% |
- |
|
Non-performing Loan (%) |
0.76% |
0.45% |
- |
|
Cost of Funds (%) |
5.54% |
7.64% |
- |
|
Base Rate (%) |
7.56% |
10.26% |
- |
|
CCD Ratio (as per NRB Directives) |
78.53% |
78.72% |
- |
|
Annualized EPS (Rs.) |
17.73 |
19.43 |
- |
|
Net Worth per share (Rs.) |
133.66 |
136.96 |
- |
|
Price to Earnings (Times) |
16.01 |
- |
- |
|
Price to Book (Times) |
2.12 |
- |
- |
