Mahalaxmi Bikas Bank reports a profit of Rs 80.75 crores; Reserves at Rs 1.74 arba
Thu, Aug 15, 2019 4:33 PM on Financial Analysis, Latest, Stock Market,
Mahalaxmi Bikas Bank Limited (MLBL) has published a Q4 report of the fiscal year 2075/76. The bank has reported a net profit of Rs 80.75 crore in Q4 2075/76. The net profit of the company has increased by 78.61% compared to Rs 45.21 crore in the Q4 of 2074/75 FY.
The National level development bank has collected deposits of Rs 30.59 arba and has floated loans of Rs 26.75 arba in the Q4 of 2075/76.
The net interest income of the company has increased by 41.28%, from Rs 1.24 arba to Rs 1.76 arba in Q4 2075/76.
The development banks' Paid-Up stand at Rs 2.84 arba with reserves of Rs 1.74 arba. The bank's NPL has decreased from 3.88% to 2.54% by the end of the fourth quarter.
The annualized EPS stands at Rs 28.28 and net worth per share at Rs 163.10.
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