Miteri Development Bank’s Net Profit Rises 8.98% to Rs. 14.12 Crore in Q4
Thu, Jul 23, 2026 3:58 PM on Financial Analysis, Highlight News, Company Analysis,
Miteri Development Bank Limited (MDB) has posted a net profit of Rs. 14.12 crore in the fourth quarter of FY 2082/83, reporting a minimal rise of 8.98% compared to Rs. 12.95 crore 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 50.26% to Rs. 30.74 crore from Rs. 20.45 crore a year earlier. Deposits reached Rs. 8.85 arba, rising by 36.07%, while loans and advances climbed by 29.25% to Rs. 6.69 arba. The company reported a reversal of Rs. 1.60 crore on loans and advances during the review period.
Operating profit stood at Rs. 20.17 crore, a jump from Rs. 18.57 crore in the corresponding period last year. Retained earnings declined to Rs. 15.48 crore, while total reserves reached Rs. 37.08 crore. The bank’s capital adequacy ratio stood at 25.75%, down from 31.54% last year. Non-performing loans (NPL) stood at 0.26%, and the cost of funds decreased to 4.22% from 5.12%.
Earnings per share (EPS) surged to Rs. 11.60 from Rs. 10.65 last year, while net worth per share increased by 1.29% to Rs.143.20. The company’s Price-to-Earnings (P/E) ratio at the end of the quarter was 50.16 times, based on a market price of Rs. 582 per share.
| Particulars (In Rs '000) | Miteri Development Bank Limited (MDB) | ||
| Q4 2082/83 | Q4 2081/82 | Difference | |
| Paid Up Capital | 1,217,100.00 | 1,217,100.00* | 0.00% |
| Retained Earnings | 154,886.77 | 163,047.60* | -5.01% |
| Reserves | 370,841.85 | 340,547.62* | 8.90% |
| Deposit | 8,853,772.11 | 6,506,779.77* | 36.07% |
| Loans & Advances | 6,692,697.80 | 5,178,122.15* | 29.25% |
| Net Interest Income | 307,429.52 | 204,594.54 | 50.26% |
| Personnel Expenses | 94,191.76 | 85,450.94 | 10.23% |
| Impairment Charges | 16,063.37 | -2,170.39 | - |
| Operating Profit | 201,741.27 | 185,708.17 | 8.63% |
| Net Profit | 141,215.83 | 129,577.59 | 8.98% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 154,886.77 | 163,047.60 | -5.01% |
| Capital Adequacy (%) | 25.75 | 31.54 | -18.36% |
| NPL (%) | 0.26 | 0.28 | |
| Cost of Fund (%) | 4.22 | 5.12 | -17.58% |
| Annualized EPS (In Rs.) | 11.60 | 10.65 | 8.98% |
| Net Worth per Share (In Rs.) | 143.20 | 141.38 | 1.29% |
| Qtr end PE Ratio (times) | 50.16 | - | - |
| Qtr End Market Price | 582 | - | - |
