Mahalaxmi Bikas Bank reported a negative growth in Net Profit in Q2; EPS & net worth stands at Rs 13.9 & Rs 137 respectively
Tue, Feb 12, 2019 12:15 PM on Financial Analysis, Latest, Stock Market,
Mahalaxmi Bikas Bank Limited (MLBL) has published a Q2 report of the fiscal year 2075/76. The bank has reported a net profit of Rs 19.76 crore in Q2 2075/76. The net profit of the company has decreased by 3.79% compared to Rs 20.54 crore in the Q2 of 2074/75 FY.
The National level development bank has collected deposits of Rs 28.89 arba and has floated loans of Rs 25.36 arba in the Q2 2075/76.
Deposits and Loan & advances of the company have increased by 21.8% and 14.99% respectively, compared to the corresponding quarter of the last fiscal year.
The net interest income of the company has increased by 37.75%, from Rs 45.43 crore to Rs 62.58 crore in Q2 2075/76.
Similarly, an operating profit has increased massively by 443.19% to Rs 20.68 crore in the reviewed period. However, "write back from provision Losses," was low which led negative growth in profit in this quarter.
The development banks' Paid-Up stand at Rs 2.84 arba with reserved of Rs 1.05 arba. The bank's NPL has increased by 34.04% to 4.41% in Q2 of 2075/76.
Major Highlights of Q2 75/76;
| Particulars (In Rs '000) | MLBL | ||
|---|---|---|---|
| Q2 2075/76 | Q2 2074/75 | Difference | |
| Paid Up Capital | 2,844,501 | 2,633,797 | 8.00% |
| Reserve & Surplus | 1,050,999 | 1,305,083 | -19.47% |
| Deposits | 28,897,690 | 25,129,714 | 14.99% |
| Borrowings | 66,209 | ||
| Loans & Advances | 25,364,868 | 20,824,436 | 21.80% |
| Net Interest Income | 625,830 | 454,334 | 37.75% |
| Provision for possible losses | 205,420 | 254,527 | -19.29% |
| Operating Profit | 206,845 | 38,080 | 443.19% |
| Write Back of Provisional for Possible losses | 57,000 | 286,841 | -80.13% |
| Net Profit | 197,646 | 205,440 | -3.79% |
| NPL to total loan (%) | 4.41 | 3.29 | 34.04% |
| Annualized EPS (In Rs.) | 13.90 | 15.60 | -10.92% |
| Net Worth per Share (In Rs.) | 136.95 | 149.55 | -8.43% |
| P/E Ratio (In times) | 12.02 |
The EPS and net worth of share stand at Rs 13.9 and Rs 136.95 respectively. The company has reported a P/E ratio of 12.02 times in the mentioned period.
