Mega Bank Nepal Limited (MEGA) has shown meager growth in net profit of 6.13% in the second quarter of the current fiscal year 2074/75.
As per the unaudited report published today, the commercial bank has stated that its net profit increased to Rs 39.36 crore in Q2 of the fiscal year 2074/75 from Rs 37.09 crore in the corresponding quarter of the previous fiscal year 2073/74.
Its deposit collection reached to Rs 45.57 arba where the bank floated loans of Rs 40.76 arba.
It has paid up capital of Rs 7.37 arba with Rs 1.67 arba in reserve. Its paid up capital will reach to Rs 8.07 arba after adjustment of recently announced 9.45% bonus shares from the net profit of FY 2073/74 from existing Rs 7.37 arba (including 65% right shares). Moreover, MEGA has undergone into merger with Tourism Development Bank Limited (TDBL) after which its paid up capital will cross Rs 10 arba.
Its NPL stands at 0.96%.
Its annualized Earning per Share (EPS) stands at Rs 10.67 where net worth per share stands at Rs 122.73 and P/E ratio at 43.03 times.
Major Highlights:
|
A |
|
|
Difference |
| Paid Up Capital |
7,376,743 |
4,012,031 |
83.87% |
| Reserve & Surplus |
1,676,591 |
1,307,605 |
28.22% |
| Deposits |
45,573,713 |
38,517,106 |
18.32% |
| Borrowings |
1,011,144 |
3,536,080 |
-71.40% |
| Loans & Advances |
40,767,599 |
34,011,122 |
19.87% |
| Net Interest Income |
846,347 |
774,047 |
9.34% |
| Provision for possible losses |
208,894 |
134,253 |
55.60% |
| Operating Profit |
473,105 |
5,277,075 |
-91.03% |
| Net Profit |
393,649 |
370,909 |
6.13% |
| NPL (%) |
0.96 |
0.67 |
43.28% |
| Annualized EPS (In Rs.) |
10.67 |
18.49 |
-42.28% |
| Net Worth per Share (In Rs.) |
122.73 |
132.59 |
-7.44% |
| P/E Ratio (In times) |
43.03 |
- |
- |
Announcement:
