Mahakali Bikas Bank earning grows 54.94%

Mon, Aug 5, 2013 12:00 AM on Others,

ShareSansar, Aug 5:


Mahakali Bikas Bank has posted a net profit of Rs 1.06 crore, a growth of 54.94% over 68.60 lakh reported in the previous fiscal.

The bank’s deposits reached Rs 37.70 crore, a rise of 37.94% over last year, with loans and advances at Rs 27.98 crore showing almost identical growth of 37.03%.

The bank’s nonperforming assets declined considerably from 1.02% in the previous fiscal to 0.38% this year, a drop of 62.75%.

MBBL’s EPS stands at Rs 26.57 and net worth at Rs 137.19.

Financial Highlights of the company

Rs in '000'

Particulars 

FY 2069/70

FY 2068/69

Growth (%)

Net Profit (Rs.)

10629.72

6860.42

54.94%

Operating Profit (Rs.)

15200.5

11100.16

36.94%

Provision (Rs.)

620.17

747.19

-17.00%

Net Interest Income (Rs.)

22955.09

18317.84

25.32%

Deposits (Rs.)

377097.32

273369.94

37.94%

Loans and Advances (Rs.)

279839.77

204214.24

37.03%

NPA (%)

0.38

1.02

-62.75%

Cost of Funds (%)

6.78

7.39

-8.25%

EPS (Rs.)

26.57

17.66

50.45%

P/E Ratio

2.9

5.21

-44.34%

Networth (Rs.)

137.19

122.48

12.01%

Fiscal Year End Price (Rs.)

77

92

-16.30%

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