Mission Development Bank reports Net Profit of Rs. 4.07 crore; EPS and P/E ratio stands at Rs. 14.13 and 10.61 times respectively
Wed, Jan 30, 2019 11:13 AM on Financial Analysis, Latest, Stock Market,
Mission Development Bank Limited (MIDBL) has posted 8.65% growth in net profit in the second quarter of the current fiscal year 2075/76. Its net profit has increased to Rs. 4.07 crore till the month of Poush from Rs 3.74 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 9.99 crore in Q2 as compared to Rs. 8.27 crore in the corresponding quarter.
It’s paid-up capital remains at Rs 57.64 crore; Rs. 9.67 crore in reserve, increased by 20.97% as compared to corresponding quarter of 2074/75. Deposits collection reached Rs 4.79 arba in Q2 – increased by 52.05% and floated loans of Rs 4.12 arba.
Its NPL stands at 0.32% and annualized earning per share (EPS) slightly decreases and reaches to Rs 14.13 from Rs.14.44. Net worth per share, on the other hand, has a small increment of 1.20% to stand at Rs 116.79. The P/E ratio is 10.61 times.
Major Highlights:
|
Particulars (In Rs '000) |
Mission Development Bank Limited |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
576,401 |
519,280 |
11.00% |
|
Reserve & Surplus |
96,770 |
79,997 |
20.97% |
|
Deposits |
4,798,514 |
3,155,856 |
52.05% |
|
Borrowings |
0 |
0 |
- |
|
Loans & Advances |
4,128,812 |
2,899,058 |
42.42% |
|
Net Interest Income |
99,919 |
82,755 |
20.74% |
|
Provision for possible losses |
11,263 |
6,499 |
73.29% |
|
Operating Profit |
63,999 |
58,867 |
8.72% |
|
Net Profit |
40,726 |
37,485 |
8.65% |
|
NPL (%) |
0.32 |
0.27 |
18.52% |
|
Annualized EPS (In Rs.) |
14.13 |
14.44 |
-2.12% |
|
Net Worth per Share (In Rs.) |
116.79 |
115.41 |
1.20% |
|
P/E Ratio |
10.61 |
||
