Mahalaxmi Bikas Bank reports increase in Net Profit by 49.50% in Q1; Annualized EPS stands at Rs. 20.80
Fri, Nov 13, 2020 8:21 AM on Latest, Company Analysis,
Mahalaxmi Bikas Bank Limited (MLBL) has posted an increase in net profit of 49.50% in the first quarter of the fiscal year 2077/78. The net profit rose to Rs. 15.97 crores from Rs. 10.68 crores of the corresponding quarter of the previous year.
The loans and advances for the quarter stood at Rs. 28.80 Arba from Rs. 29.49 Arba of the corresponding quarter of the previous year. The deposit decreased to Rs. 35.34 Arba in this quarter.
As per the quarterly report published today, the distributable profit of the company is Rs. (9.91) crores after regulatory requirements.
The Net Interest income (Core business revenue) for the company increased by 5.90% to Rs. 42.57 crores. The operating profit for the company increased by 51.80% which is mainly due to lower impairments in the quarter.
Lumbini has a paid-up capital of Rs. 3.07 Arba and reserve of Rs. 1.91 Arba.
Its Non-Performing loan (NPL) stood at 2.36% in this quarter. Its annualized Earnings per Share stands at Rs. 20.80 and net worth per share stands at Rs. 162.28. The company traded at a P/B multiple of 1.39 times.
Financial Highlights:
|
Particulars |
Mahalaxmi Bikas Bank Limited |
||
|---|---|---|---|
|
Q1, 2077/2078 |
Q1, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
3,072,061.33 |
3,072,061.33 |
- |
|
Share Premium |
0.00 |
0.00 |
- |
|
Retained Earnings |
231,548.84 |
204,605.41 |
- |
|
Reserves |
1,681,707.93 |
1,539,726.11 |
9.22% |
|
Deposits from Customers |
35,342,255.05 |
36,977,169.03 |
-4.42% |
|
Loans & Advances to Customers |
28,802,262.13 |
29,492,133.95 |
-2.34% |
|
Net Interest Income |
425,774.69 |
402,050.56 |
5.90% |
|
Fee and Commission Income |
38,300.05 |
47,669.91 |
-19.66% |
|
Impairment Charge/ (Reversal) |
25,949.03 |
79,803.50 |
- |
|
Personnel Expenses |
160,452.27 |
155,728.74 |
3.03% |
|
Operating Profit |
228,258.39 |
150,372.12 |
51.80% |
|
Non-Operating Income |
0.00 |
2,320.50 |
- |
|
Profit/ (Loss) for the period |
159,780.87 |
106,876.47 |
49.50% |
|
Distributable Profit/(Loss) after P/L appropriation and Regulatory Adjustments |
-99,195.86 |
- |
- |
|
Capital Adequacy Ratio (CAR) (%) |
13.51% |
14.81% |
- |
|
Non-Performing Loan (NPL) |
2.36% |
2.85% |
- |
|
CCD (as per NRB Directive) |
74.74% |
75.15% |
- |
|
Cost of Fund (%) |
6.45% |
8.44% |
- |
|
Base Rate (%) |
8.94% |
11.47% |
- |
|
Annualized EPS (Rs.) |
20.80 |
13.92 |
49.50% |
|
Net Worth per share (Rs.) |
162.28 |
156.78 |
3.51% |
|
Qtr End PE Ratio (Rs.) |
10.86 |
- |
- |
|
Qtr End Market Price |
226 |
- |
- |
|
Price to Book (PB Ratio) |
1.39 |
- |
- |
