Mega Bank's earns Rs 1.52 arba in Q4; has 8% dividend distribution capacity from distributable profit
Fri, Aug 14, 2020 3:25 PM on Company Analysis, Latest,
Mega Bank Nepal Limited has posted a net profit of Rs 1.52 arba for the fiscal year 2076/77.
The bank’s profit has decreased from Rs 1.62 Arba in the fourth quarter of the fiscal year 2075/76 to Rs 1.52 Arba in the fourth quarter of the fiscal year 2076/77.
In the same quarter, the bank has Rs 1.11 Arba (includes Rs 10.75 crore net profit of then Gandaki Bikas Bank till the date of the merger) as the distributable profit after PL Appropriation and Regulatory Adjustments. This means MEGA can distribute around 8% (approx.) dividends from the earnings of FY 2076/2077 if other regulatory requirements are not required.
The bank’s deposit from customers has increased by 62.54% and loans and advances to customers increased by 58.32%. The net interest income (core business income) of the bank has increased by 9.89% in Q4.
The bank’s paid-up capital stands at Rs 13.13 Arba with Rs 3.32 Arba as its reserve and surplus. The Non-performing loan has increased to 1.2% from 0.98%.
In the fourth quarter, the EPS of the bank stands at Rs 11.57. The net worth per share stands at Rs 133.99 and qtr end PE ratio stands at 17.97 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) |
Mega Bank Nepal Ltd. |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
13,138,621,453 |
10,388,621,454 |
26.47% |
|
Share Premium |
0 |
0 |
|
|
Retained Earnings |
1,117,180,314 |
1,221,867,363 |
-8.57% |
|
Reserves |
3,320,593,968 |
1,901,409,376 |
74.64% |
|
Deposits from Customers |
127,894,614,502 |
78,684,859,077 |
62.54% |
|
Loans & Advances to Customers |
110,604,128,159 |
69,861,327,114 |
58.32% |
|
Net Interest Income |
4,171,047,911 |
3,795,750,859 |
9.89% |
|
Fee and Commission Income |
471,340,664 |
484,622,281 |
-2.74% |
|
Impairment Charge/(Reversal) |
888,536,344 |
426,620,643 |
- |
|
Personnel Expenses |
12 |
1,154,142,994 |
-100.00% |
|
Operating Profit |
2,154,500,379 |
2,334,457,452 |
-7.71% |
|
Profit/(Loss) for the Year |
1,520,593,332 |
1,629,689,787 |
-6.69% |
|
Total Comprehensive Income |
1,577,326,540 |
1,591,943,474 |
-0.92% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
1,115,975,972 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
12.88 |
15.27 |
-15.65% |
|
NPL |
1.2 |
0.98 |
22.45% |
|
CCD (as per NRB Directives) |
75.35 |
75.79 |
-0.58% |
|
Cost of Fund (%) |
6.93 |
7.67 |
-9.65% |
|
Base Rate (%) |
8.32 |
9.98 |
-16.63% |
|
Annualized EPS (In Rs.) |
11.57 |
15.69 |
-26.22% |
|
Net Worth per Share (In Rs.) |
133.99 |
130.06 |
2.85% |
|
Qtr End PE Ratio (times) |
17.97 |
- |
- |
|
Qtr End Market Price* |
208 |
- |
- |
|
Price to Book (PB Ratio) |
1.55 |
- |
- |
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