Miteri Development Bank reports net profit of Rs 8.35 crore till Q2 of 2076/77; Annualized EPS at Rs 28.55
Sun, Jan 26, 2020 11:29 AM on Financial Analysis, Latest, Stock Market,
Miteri Development Bank Limited (MDB) has reported an increase in net profit in the second quarter of the current fiscal year 2076/77.
The development bank has stated that its net profit increased to Rs.8.35 Crore in Q2 from Rs.6.69 Crore reported in the corresponding quarter of the previous fiscal year 2075/76.
It has collected deposits of Rs.4.94 Arba and floated loans of Rs.4.24 Arba in Q2 of current fiscal year. It’s paid up capital stands at Rs.58.50 Crore and has reserve of Rs.16.94 Crore.
Its annualized Earning Per Share (EPS) now stands at Rs.28.55, net worth per share at Rs.158.23 and P/E ratio at 10.12 times.
Major highlights
| MDB | |||
|---|---|---|---|
| Particulars (in '000) | Q2 2076/77 | Q1 2076/77 | Difference |
| Paid-up capital | 585,000 | 585,000 | |
| Reserves and surplus | 169,400 | 142,372 | 19.0% |
| Retained earnings | 171,228 | 115,090 | 48.8% |
| Deposits from customers | 4,949,616 | 4,717,315 | 4.9% |
| Loans and advances to customers | 4,242,791 | 4,037,915 | 5.1% |
| Q2 2076/77 | Q2 2075/76 | ||
| Net interest income | 134,428 | 128,543 | 4.6% |
| Personnel expenses | 43,355 | 34,720 | 24.9% |
| Impairment charge/ (Reversal) for loans and other losses | 5,272 | 9,252 | -43.0% |
| Profit for the period | 83,503 | 66,910 | 24.8% |
| CAR (%) | 20.48 | 18.80 | 8.9% |
| NPL (%) | 0.30 | 0.43 | -30.2% |
| Cost of funds (%) | 9.19 | 9.46 | -2.9% |
| Base rate (%) | 11.74 | 12.34 | -4.9% |
| Annualized EPS | 28.55 | ||
| Net worth per share | 158.23 | ||
| P/E ratio | 10.12 | ||
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