Mega Bank Limited Reports Increment In Net Profit By Half A Margin In Q1; Analyze The Major Indicators
Mon, Nov 1, 2021 10:07 AM on Company Analysis, Latest,
Mega Bank Limited (MEGA) has published its first-quarter report for the FY 2078/2079 with an increment in Net Profit by 50.47%. The bank's net profit has increased from Rs. 60.79 crores in the first quarter of FY 2077/2078 to Rs. 91.46 crores in the first quarter of FY 2078/2079.
The bank reported Rs. 49.83 crores as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank’s deposit from customers increased by 3.97% to Rs. 1.42 kharba (compared to immediate previous year ending) whereas loans and advances to customers increased by 3.27% to Rs. 1.41 kharba (compared to the immediate previous year ending) till the first quarter. The bank's Net Interest Income (core business income) increased to Rs. 1.51 arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 14.65 Arba with Rs. 6.59 Arba in Reserve and surplus. The Non-performing loan (NPL) declined to 0.89%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 24.97 and Net worth per share stood at Rs. 144.99. The company traded at a P/E multiple of 13.21 times.
Major Highlights:
|
Particulars |
Mega Bank Limited |
||
|---|---|---|---|
|
Q1, 2078/2079 |
Q1, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
14,654,964.96 |
14,654,964.96 |
- |
|
Share Premium |
306,371.38 |
306,371.38 |
- |
|
Retained Earnings |
2,600,423.93 |
1,680,058.03 |
54.78% |
|
Reserves |
3,686,205.16 |
3,674,130.28 |
0.33% |
|
Deposits from Customers |
142,324,533.54 |
136,893,588.41 |
3.97% |
|
Loans & Advances to Customers |
141,855,292.09 |
137,368,262.01 |
3.27% |
|
Net Interest Income |
1,517,353.63 |
1,331,491.72 |
13.96% |
|
Fee and Commission Income |
211,094.02 |
173,299.52 |
21.81% |
|
Impairment Charge/ (Reversal) |
-293,132.47 |
1,352.08 |
- |
|
Personnel Expenses |
608,011.13 |
464,208.46 |
30.98% |
|
Operating Profit |
1,307,113.87 |
883,444.05 |
47.96% |
|
Profit/ (Loss) for the period |
914,686.69 |
607,903.89 |
50.47% |
|
Total Comprehensive Income |
934,354.16 |
658,760.33 |
41.84% |
|
Distributable Profit/(Loss) after P/L appropriation and Regulatory Adjustments |
498,374.50 |
- |
- |
|
Capital Adequacy Ratio (CAR) (%) |
12.76% |
12.79% |
- |
|
Non-Performing Loan (NPL) |
0.89% |
1.01% |
- |
|
CD (as per NRB Directive) |
91.21% |
80.76% |
- |
|
Cost of Fund (%) |
4.96% |
6.18% |
- |
|
Base Rate (%) |
9.81% |
8.00% |
- |
|
Annualized EPS (Rs.) |
24.97 |
16.59 |
50.47% |
|
Net Worth per share (Rs.) |
144.99 |
138.63 |
4.59% |
|
Qtr End PE Ratio (Rs.) |
13.21 |
- |
- |
|
Qtr End Market Price |
329.7 |
- |
- |
|
Price to Book (PB Ratio) |
2.27 |
- |
- |
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