Mega Bank Nepal Limited (MEGA) has posted a net profit growth of 68% in the third quarter of ongoing fiscal year 2073/74.
As per the unaudited financial statement published by the commercial bank today, its net profit has surged to Rs 54.24 crore, up from Rs 32.28 crore posted in the same period last year.
In the same period, its deposit base has increased by 47.5% and loans has increased by almost 60%. Its deposit now stands at Rs 38.44 arba and floated loans at Rs 34.93 arba. The figures stood at only Rs 26.06 arba and Rs 21.90 arba respectively.
Its net interest income has increased by 58% to Rs 1.14 arba in the third quarter. Its CCD ratio now stands at a relaxed 70.60%.
At the end of Q3, its paid up capital has reached Rs 4.58 arba with reserve of Rs 1.02 arba. Its EPS now stands at Rs 15.78, net worth per share at Rs 122.45 and P/E ratio at 28.83 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
4,582,313 |
2,870,560 |
59.63% |
| Reserve and Surplus |
1,028,720 |
527,111 |
95.16% |
| Deposits |
38,443,451 |
26,065,386 |
47.49% |
| Loans and Advances |
34,936,476 |
21,905,974 |
59.48% |
| Net Interest Income |
1,148,500 |
726,840 |
58.01% |
| Provision |
171,940 |
57,358 |
199.77% |
| Write Back |
43,325 |
46,081 |
-5.98% |
| Operating Profit |
802,925 |
459,912 |
74.58% |
| Net Profit |
542,421 |
322,810 |
68.03% |
| Capital Adequacy Ratio |
14.11% |
12.74% |
- |
| NPL |
0.87% |
1.25% |
-30.40% |
| Cost of Fund |
5.50% |
3.82% |
|
| CD Ratio (as per NRB) |
70.60% |
78.20% |
- |
| EPS (Annualized) |
15.78 |
14.99 |
5.26% |
| PE Ratio |
28.83 |
|
|
| Networth Per Share |
122.45 |
|
|
