Mega Bank's Q4 Highlights: Net Profit Rises by 21.78% to Rs 2.83 Arba; NPL decline, EPS Stands at Rs 17.57
Sat, Aug 6, 2022 5:06 AM on Financial Analysis, Latest,
Mega Bank Limited (MEGA) has published its fourth-quarter report for the FY 2078/2079 with an increment in Net Profit by 21.78%. The bank's net profit has increased from Rs. 2.32 Arba in the fourth quarter of FY 2077/2078 to Rs. 2.83 Arba in the fourth quarter of FY 2078/2079.
In the same quarter, the bank has Rs 1.63 arba as distributable profit after PL Appropriation and Regulatory Adjustments. This amount can be used for distributing dividends.
The bank’s deposits from customers increased by 12.12% to Rs. 1.53 kharba whereas loans and advances to customers increased by 7.59% to Rs. 1.47 kharba by the fourth quarter. The bank's Net Interest Income (core business income) has increased by 2.04% to Rs. 5.91 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 16.12 Arba with Rs. 6.85 Arba in Reserve and surplus. The Non-performing loan (NPL) decreased to 0.74% from 1.23%.
The earnings per share (EPS) of the Bank stood at Rs. 17.57 and Net worth per share stood at Rs. 142.52. The company traded at a P/E multiple of 12.87 times.
The Capital Adequacy Ratio (CAR) of the bank stands at 12.32%.
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Major Highlights:
| Particulars (In Rs '000") | Mega Bank | |||
| Q4 2078/79 | Q4 2077/78 | Difference | ||
| Share Capital | 16,120,461 | 14,654,965 | 10.00% | |
|
207,850 | 306,371 | ||
| Retained Earnings | 1,636,042 | 1,673,672 | -2.25% | |
| Reserves | 5,010,015 | 3,672,433 | 36.42% | |
| Deposits from Customers | 153,482,277 | 136,893,588 | 12.12% | |
| Loans & Advances to customers | 147,781,346 | 137,355,431 | 7.59% | |
| Net Interest Income | 5,911,329 | 5,793,084 | 2.04% | |
| Impairment Charge/(Reversal) | -489,775 | 820,928 | -159.66% | |
| Personnel Expenses | 2,178,147 | 1,858,644 | 17.19% | |
| Operating Profit | 4,137,996 | 3,288,629 | 25.83% | |
| Profit/(Loss) for the Year | 2,831,864 | 2,325,430 | 21.78% | |
| Total Comprehensive Income | 2,925,077 | 2,438,340 | 19.96% | |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 1,636,042 | |||
| Capital Adequacy Ratio (CAR) | 12.32 | 12.94 | -4.79% | |
| NPL | 0.74 | 1.23 | -39.84% | |
| CD (as per NRB Directives) | 89.05 | 82.69 | 7.69% | |
| Cost of Fund (%) | 7.58 | 5.27 | 43.83% | |
| Interest Rate Spread (%) | 4.36 | 4.16 | 4.81% | |
| Base Rate (%) | 10.01 | 7.61 | 31.54% | |
| EPS (In Rs.) | 17.57 | 15.87 | 10.71% | |
| Net Worth per Share (In Rs.) | 142.52 | 138.57 | 2.85% | |
| Qtr End PE Ratio (times) | 12.87 | - | - | |
| Qtr End Market Price | 226 | - | - | |
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