Mahalaxmi Bikas Bank Limited (MLBL) has registered a net profit growth fall of 14.93 % in the first quarter of the current FY 2074/75.
According to the unaudited report published by the development bank today, its net profit has decreased to Rs 5.63 crore in first quarter from Rs 6.62 crore in the corresponding quarter of the previous fiscal year.
It has a paid up capital of Rs 2.63 arba with a reserve of Rs 1.09 arba.
The bank also collected deposits of Rs 25.14 arba in Q1, up from Rs 10.82 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 20.12 arba in Q1 whereas in the same period last year, the figure stood at Rs 9.12 arba.
MLBL’s annualized Earnings per Share (EPS) has decreased to Rs 8.56 per share. Its net worth per share stands at Rs 141.70.
Major Highlights:
| Particulars (In Rs '000) |
Mahalaxmi Bikas Bank |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
2,633,797 |
1,386,233 |
90.00% |
| Reserve & Surplus |
1,098,231 |
115,216 |
853.19% |
| Deposits |
25,146,450 |
10,824,479 |
132.31% |
| Borrowings |
- |
- |
#DIV/0! |
| Loans & Advances |
20,125,095 |
9,124,148 |
120.57% |
| Net Interest Income |
172,747 |
117,638 |
46.85% |
| Provision for possible losses |
96,786 |
34,988 |
176.63% |
| Operating Profit |
(24,589) |
47,801 |
-151.44% |
| Net Profit |
56,343 |
66,228 |
-14.93% |
| NPL (%) |
3.55 |
4.29 |
-17.25% |
| Annualized EPS (In Rs.) |
8.56 |
19.11 |
-55.22% |
| Net Worth per Share (In Rs.) |
141.70 |
108.31 |
30.82% |
| P/E Ratio (In times) |
- |
- |
- |
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