Mega Bank reports impressive Q4 with 30.51% growth in net profit; has 13% dividend distribution capacity

Mega Bank Limited (MEGA) net profit rises by impressive 30.51% in the fourth quarter of the fiscal year 2075/76. The bank’s profit has increased from Rs 1.31 arba in the fourth quarter of the fiscal year 2074/75 to Rs 1.71 arba in the fourth quarter of the fiscal year 2075/76.

In the same quarter, the bank has Rs 1.35 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. This means Mega Bank can distribute maximum 13% (approx.) dividend this year from the profit of last year if other regulatory requirements are not required.

The bank’s deposit from customers rises by 28.86% to Rs 78.68 arba and at the same time loans and advances to customers rises by 25.64% to Rs 69.98 arba till the fourth quarter. The net interest income of the bank has increased by an outstanding 59.91% to Rs 3.79 arba from Rs 2.37 arba of the corresponding quarter.

The bank’s paid up capital stands at Rs 10.38 arba with Rs 3.21 arba as its reserve and surplus. The Non-Performing Loan (NPL) has also slightly increased to 0.86%.

In the fourth quarter, the EPS of the bank stands at Rs 16.55. The net worth per share stands at Rs 130.93 and quarter end PE ratio stands at 12.87 times.

Major Highlights:

* Figure are of Immediate Previous Year Ending (Audited)

* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q4 end paid up capital.