Miteri Development Bank reports 5.14% rise in profit in Q2; EPS and Net worth per share stands at Rs 17.52 and Rs 148.98 respectively
Tue, Jan 29, 2019 8:24 AM on Financial Analysis, Latest, Stock Market,
Miteri Development Bank Limited (MDB) has reported increase in net profit by 5.14% in the second quarter of the current fiscal year 2075/76.
As per the report published in newspaper, the development bank has stated that its net profit increased to Rs 4.38 crore in Q2 from Rs 4.16 crore reported in the corresponding quarter of the previous fiscal year 2074/75.
It has collected deposits of Rs 4 arba and floated loans of Rs 3.49 arba in Q2 of current fiscal year.
It’s paid up capital remains at Rs 50.00 crore and has reserve of Rs 24.49 crore.
The development bank’s non-performing loan (NPL) increased to 0.43% from 0.08%.
Its annualized Earning Per Share (EPS) now stands at Rs 17.52, net worth per share at Rs 148.98 and P/E ratio at 16.67 times.
Major Highlights:
|
Particulars (In Rs '000) |
MDB |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
500,000 |
500,000 |
0.00% |
|
Reserve & Surplus |
244,923 |
128,422 |
90.72% |
|
Deposits |
4,005,903 |
3,041,129 |
31.72% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
3,490,281 |
2,660,531 |
31.19% |
|
Net Interest Income |
94,113 |
74,063 |
27.07% |
|
Provision for possible losses |
9,252 |
5,262 |
- |
|
Operating Profit |
68,769 |
65,380 |
5.18% |
|
Net Profit |
43,802 |
41,660 |
5.14% |
|
NPL (%) |
0.43 |
0.08 |
437.50% |
|
Annualized EPS (In Rs.) |
17.52 |
16.66 |
5.14% |
|
Net Worth per Share (In Rs.) |
148.98 |
125.68 |
18.54% |
|
P/E Ratio (In times) |
16.67 |
- |
|
