Miteri Development Bank starts fiscal year with 10% rise in profit; EPS and Net worth per share stand at Rs 20.51 and Rs 145.33 respectively
Thu, Oct 25, 2018 11:00 AM on Company Analysis, Latest, Stock Market,
Miteri Development Bank Limited (MDB) has reported increment in net profit by 10.02%% in the first 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 2.56 crore in Q1 from Rs 2.33 crore reported in the corresponding quarter of the previous fiscal year 2074/75.
It has collected deposits of Rs 3.70 arba and floated loans of Rs 3.28 arba in Q1 of current fiscal year.
It’s paid up capital remains at Rs 50.00 crore and has reserve of Rs 22.66 crore.
The development bank’s non-performing loan (NPL) increased to 0.13% from 0.07%.
Its annualized Earning Per Share (EPS) now stands at Rs 20.51, net worth per share at Rs 145.33 and P/E ratio at 14.43 times.
Major Highlights:
|
Particulars (In Rs '000) |
MDB |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
500,000 |
380,293 |
31.48% |
|
Reserve & Surplus |
226,627 |
236,160 |
-4.04% |
|
Deposits |
3,700,611 |
2,785,127 |
32.87% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
3,283,898 |
2,446,898 |
34.21% |
|
Net Interest Income |
56,081 |
43,258 |
29.64% |
|
Provision for possible losses |
7,246 |
3,306 |
119.18% |
|
Operating Profit |
40,230 |
36,533 |
10.12% |
|
Net Profit |
25,637 |
23,302 |
10.02% |
|
NPL (%) |
0.13 |
0.07 |
85.71% |
|
Annualized EPS (In Rs.) |
20.51 |
24.51 |
-16.32% |
|
Net Worth per Share (In Rs.) |
145.33 |
162.10 |
-10.35% |
|
P/E Ratio (In times) |
14.43 |
- |
|
