Miteri Development Bank Posts Net Profit of Rs. 2.52 Crore in Q1 FY 2082/83; Core Revenue Up By 77.28%
Tue, Nov 4, 2025 11:23 AM on Financial Analysis, Highlight News, Company Analysis,
Miteri Development Bank Limited (MDB) has posted a net profit of Rs. 2.52 crore in the first quarter of FY 2082/83, marking an impressive 242.62% rise compared to Rs. 73.62 lakh in the same period last fiscal year. The sharp improvement in earnings was driven by strong growth in net interest income and reduced cost of funds.
The bank’s net interest income surged by 77.28% to Rs. 7.29 crore from Rs. 4.12 crore a year earlier. Deposits reached Rs. 759.01 crore, rising by 16.65%, while loans and advances climbed by 9.38% to Rs. 566.39 crore. Meanwhile, impairment charges for loans and advances increased to Rs. 1.60 crore, up by 66.89% year-on-year.
Operating profit stood at Rs. 3.60 crore, a significant jump from Rs. 1.05 crore in the corresponding period last year. Retained earnings rose to Rs. 17.79 crore, while total reserves reached Rs. 34.87 crore. The bank’s capital adequacy ratio stood at 27.43%, down from 33.65% last year. Non-performing loans (NPL) improved to 0.55% from 1.80%, and the cost of funds decreased to 4.92% from 6.74%.
Annualized earnings per share (EPS) surged to Rs. 8.29 from just Rs. 0.42 last year, while net worth per share increased by 33.72% to Rs. 143.28. The bank’s quarter-end market price was Rs. 540, with a price-to-earnings (P/E) ratio of 65.14 times.
Major Financial Highlights:
* Figures are of the Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Miteri Development Bank | ||
|---|---|---|---|
| Q1 2082/83 | Q1 2081/82 | Difference | |
| Paid Up Capital | 1,217,100.00 | 7,046,938.00* | -82.73% |
| Share Premium | - | - | - |
| Retained Earnings | 177,985.35 | 163,047.60* | 9.16% |
| Reserves | 348,753.25 | 340,547.62* | 2.41% |
| Deposits | 7,590,191.88 | 6,506,779.77* | 16.65% |
| Loans & Advances | 5,663,988.59 | 5,178,122.15* | 9.38% |
| Net Interest Income | 72,962.54 | 41,157.00 | 77.28% |
| Personnel Expenses | 25,624.53 | 18,086.10 | 41.68% |
| Impairment Charges/(Reversal) for loans and advances | 16,078.87 | 9,634.60 | 66.89% |
| Operating Profit | 36,033.24 | 10,517.09 | 242.62% |
| Net Profit | 25,223.27 | 7,361.97 | 242.62% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 177,985.35 | 155,428.10 | 14.51% |
| Capital Adequacy (%) | 27.43 | 33.65 | -18.48% |
| Non- Performing Loan (NPL)(%) | 0.55 | 1.80 | -69.44% |
| Cost of Fund (%) | 4.92 | 6.74 | -27.00% |
| Annualized EPS (In Rs.) | 8.29 | 0.42 | 1883.73% |
| Net Worth per Share (In Rs.) | 143.28 | 107.15 | 33.72% |
| Qtr end PE Ratio (times) | 65.14 | ||
| Qtr End Market Price | 540 | - | - |
