Mission and Tinau published satisfactory Q3 report; both companies are in merger
Wed, Apr 17, 2019 7:53 AM on Financial Analysis, Latest, Stock Market,
Mission Development Bank Limited and Tinau Development Bank Limited has published third quarter report for the FY 2075/76 today. Both the organizations recently signed MOU for merger and both companies stock trading is in halt in NEPSE due to merger.
Mission Development Bank Limited (MIDBL) has posted 15.08% growth in net profit in the third quarter of the current fiscal year 2075/76. Its net profit has increased to Rs 6.46 crore in third quarter from Rs 5.61 crore in the corresponding quarter of the fiscal year 2074/75.
According to the unaudited financial report published by the development bank today, its net interest income has risen to Rs 15.82 crore in Q3 as compared to Rs 12.84 crore in the corresponding quarter.
It’s paid up capital remains at Rs 57.64 crore with Rs 12.07 crore in reserve. Deposits collection reached Rs 4.88 arba in Q3 and floated loans of Rs 4.34 arba. Its NPL stands at 0.43%. Its annualized earning per share (EPS) stand at Rs 14.96, Net worth per share at Rs 120.94 and P/E ratio at 10.83 times.
Major Highlights:
|
Particulars (In Rs '000) |
Mission Dev. Bank |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital |
576,401.02 |
519,280.20 |
11.00% |
|
Reserve & Surplus |
120,713.88 |
98,709.97 |
22.29% |
|
Deposits |
4,886,989.82 |
3,560,021.71 |
37.27% |
|
Loans & Advances |
4,344,477.54 |
3,216,178.40 |
35.08% |
|
Net Interest Income |
158,279.72 |
128,432.03 |
23.24% |
|
Provision for possible losses |
16,860.13 |
10,632.74 |
- |
|
Operating Profit |
101,580.42 |
88,272.61 |
15.08% |
|
Net Profit |
64,670.46 |
56,197.11 |
15.08% |
|
Capital Adequacy (%) |
14.27 |
17.53 |
-18.60% |
|
NPL (%) |
0.43 |
0.37 |
16.22% |
|
Annualized EPS (In Rs.) |
14.96 |
14.43 |
3.67% |
|
Net Worth per Share (In Rs.) |
120.94 |
119.01 |
1.62% |
|
PE Ratio (times) |
10.83 |
- |
- |
Tinau Development Bank (TNBL) has registered a net profit rise of 13.37 percent in the third quarter (Q3) of the fiscal year 2075/76.
As per the unaudited report for the third quarter published today, the bank’s net profit has increased to Rs 6.10 crore in the third quarter of fiscal year 2075/76, which was Rs 5.38 crore reported in the same quarter of the fiscal year 2074/75.
The bank has collected Rs 5.31 arba in deposits and disbursed Rs 4.57 arba in loans till Q3 as compared to Rs 4.48 arba in deposits and Rs 3.79 arba in loans in the corresponding quarter last year. Its Non-performing loan remain stable at 0.38% from corresponding quarter’s 0.37%.
The company has Rs 56.77 crore as the paid up capital with Rs 13.99 crore in its reserve.
The annualized EPS of the development bank stands at Rs 14.35 and the Net worth of the company stands at Rs 124.64. It’s PE ratio stands at 11.57 times.
Major Highlights:
|
Particulars (In Rs '000) |
Tinau Dev. Bank |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital |
567,767 |
506,935 |
12.00% |
|
Reserve & Surplus |
139,903 |
129,768 |
7.81% |
|
Deposits |
5,318,211 |
4,483,585 |
18.62% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
4,578,367 |
3,799,394 |
20.50% |
|
Net Interest Income |
145,028 |
120,150 |
20.71% |
|
Provision for possible losses |
22,422 |
15,729 |
42.55% |
|
Operating Profit |
82,827 |
71,551 |
15.76% |
|
Net Profit |
61,097 |
53,892 |
13.37% |
|
Capital Adequacy (%) |
13.50 |
14.39 |
-6.18% |
|
NPL (%) |
0.38 |
0.37 |
2.70% |
|
Annualized EPS (In Rs.) |
14.35 |
14.17 |
1.22% |
|
Net Worth per Share (In Rs.) |
124.64 |
125.60 |
-0.76% |
|
PE Ratio |
11.57 |
- |
- |
