Mega Bank Nepal reports 38.98% rise in net profit in Q1; NPL declines to 1.01% with EPS of Rs 18.51
Fri, Nov 13, 2020 6:06 AM on Company Analysis, Latest,
Mega Bank Nepal Limited has posted a net profit of Rs 60.79 crore for the first quarter of the fiscal year 2077/78.
The bank’s profit has increased by 38.98% from Rs 43.74 crore in the first quarter of the fiscal year 2076/77 to Rs 60.79 crore in the first quarter of the fiscal year 2077/78.
In the same quarter, the bank has Rs 5.56 crore as the distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has increased by 1.35% (compared to the immediate previous year ending) to Rs 1.29 kharba and loans and advances to customers increased by 6.51% (compared to the immediate previous year ending) to Rs 1.17 kharba. The net interest income (core business income) of the bank has increased by 26.28% to Rs 1.33 arba.
The bank’s paid-up capital stands at Rs 13.13 Arba with Rs 5.31 Arba as its reserve and surplus. The Non-performing loan has declined to 1.01% from 1.42%.
In the first quarter, the annualized EPS of the bank stands at Rs 18.51. The net worth per share stands at Rs 140.48 and qtr end PE ratio stands at 12.43 times.
Mega Bank Limited (MEGA) after the successful acquisitions of Gandaki Bikas Bank Limited (GDBL) has commenced joint operation from Ashad 21, 2077.
Major Highlights:
|
Particulars (In Rs '000) |
Mega Bank |
||
|---|---|---|---|
|
Q1 2077/78 |
Q1 2076/77 |
Difference |
|
|
Share Capital* |
13,138,621 |
13,138,621 |
0.00% |
|
Share Premium* |
27,897 |
27,897 |
|
|
Retained Earnings* |
2,291,144 |
1,200,180 |
90.90% |
|
Reserves* |
2,999,495 |
3,431,699 |
-12.59% |
|
Deposits from Customers* |
129,617,216 |
127,894,615 |
1.35% |
|
Loans & Advances to customers* |
117,693,270 |
110,503,636 |
6.51% |
|
Net Interest Income |
1,331,492 |
1,054,370 |
26.28% |
|
Impairment Charge/(Reversal) |
1,352 |
141,383 |
0.00% |
|
Personnel Expenses |
464,208 |
349,923 |
32.66% |
|
Operating Profit |
883,444 |
629,623 |
40.31% |
|
Profit/(Loss) for the Year |
607,904 |
437,408 |
38.98% |
|
Total Comprehensive Income |
658,904 |
437,408 |
50.64% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
55,663 |
|
|
|
Capital Adequacy Ratio (CAR) |
12.79 |
15.27 |
-16.24% |
|
NPL |
1.01 |
1.42 |
-28.87% |
|
CCD (as per NRB Directives) |
80.76 |
77.24 |
4.56% |
|
Cost of Fund (%) |
6.18 |
7.4 |
-16.49% |
|
Interest Rate Spread (%) |
4.38 |
5.13 |
-14.62% |
|
Base Rate (%) |
8.14 |
10.09 |
-19.33% |
|
Annualized EPS (In Rs.) |
18.51 |
13.32 |
38.98% |
|
Net Worth per Share (In Rs.) |
140.48 |
135.47 |
3.70% |
|
Qtr End PE Ratio (times) |
12.43 |
- |
- |
|
Qtr End Market Price |
230 |
- |
- |
.png)
