Mission Development Bank has posted a net profit decrease of 22.69%; Annualized EPS of the bank stands at mere Rs 8.4

Mission Development Bank Limited (MIDBL) has published an unaudited Q1 report today.

According to the report, the net profit of the development bank has gone down from Rs 1.41 crore in Q1 of FY 2074/2075 to Rs 1.09 crore in Q1 of the current fiscal year. The bank has Rs 4.30 arba in deposits and has floated Rs 3.86 arba as loans in the first quarter of 2075/76. Its net interest income has increased to Rs 13.63 crore compared to Rs 9.78 crore in the corresponding quarter of last fiscal year. The development bank has paid up capital of Rs 52.07 crore. Capital in reserve of the company has decreased from Rs 14.67 crore in Q1 of FY 2074/2075 to Rs 12.13 crore in Q1 of FY 2075/76. The non-performing loan to total loan is high at 0.47% in this quarter. The annualized earning per share (EPS) of the development bank is Rs 8.40 while its net worth per share stands at Rs 124.48. Its P/E ratio is at 78.95 times.

LTP of the MIDBL stock is Rs 172.