Mahalaxmi Bikas Bank reports net profit of Rs 56.11 crore; EPS & Net Worth per share at Rs 21.31 & Rs 154.30 respectively
Thu, Jul 26, 2018 1:19 AM on Financial Analysis, Latest, Stock Market,
Mahalaxmi Bikas Bank Limited (MLBL) has registered a profit rise of 26.31 percent in the fourth quarter of the fiscal year 2074/75.
According to the unaudited financial report published by the national level development bank today, its net profit has surged to Rs 56.11 crore in last quarter, up from Rs 44.42 crore in the corresponding quarter of the last fiscal year 2073/74. However, the operating profit has decreased to Rs 10.07crore from Rs 12.87 crore as compared to the corresponding quarter of last fiscal year.
Mahalaxmi Bikas Bank’s deposit base has increased by 8.51% in this period. It now has deposits of Rs 27.27 arba with floated loans worth Rs 21.65 arba. In the same period of FY 2073/74, the figures stood at only Rs 25.13 arba and Rs 20.72 arba respectively. With this, it has been able to increase its net interest income by 37.89% to Rs 1.07 arba.
Its non-performing loan has increased to 3.88 percent in Q4 from 3.63 percent in the previous year report.
Annualized Earnings per share (EPS) of MLBL now stands at Rs 21.31, net worth per share at Rs 154.30, and the P/E ratio as of the end of Q4 at 8.02 times.
Currently, its paid up capital remains at Rs 2.63 arba with reserve of Rs 1.43 arba.
Major Highlights:
|
Particulars (In Rs '000) |
MLBL |
||
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
2,633,797 |
2,633,797 |
0.00% |
|
Reserve & Surplus |
1,430,225 |
1,091,604 |
31.02% |
|
Deposits |
27,276,844 |
25,136,613 |
8.51% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
21,659,523 |
20,722,437 |
4.52% |
|
Net Interest Income |
1,075,366 |
779,891 |
37.89% |
|
Provision for possible losses |
605,330 |
505,581 |
19.73% |
|
Operating Profit |
100,741 |
128,747 |
-21.75% |
|
Net Profit |
561,136 |
444,246 |
26.31% |
|
NPL (%) |
3.88 |
3.63 |
6.89% |
|
Annualized EPS (In Rs.) |
21.31 |
16.87 |
26.31% |
|
Net Worth per Share (In Rs.) |
154.30 |
141.45 |
9.09% |
|
P/E Ratio (In times) |
8.02 |
- |
|
