Mount Makalu Dev. Bank net profit mounts by 86.56%
Tue, Aug 4, 2015 12:00 AM on Financial Analysis,
ShareSansar, August 4:
Mount Makalu Development Bank Limited (MMDBL) has reported a profit rise of 86.56 % for the fourth quarter of the last fiscal year 2071/72.
According to the unaudited quarterly report for the fourth quarter published today, the development bank has amassed a net profit of Rs 39.87 lakhs in the fourth quarter of fiscal year 2071/72, a growth from Rs 21.37 lakhs reported in the corresponding quarter of the previous year 2070/71.
In the fourth quarter Mount Makalu’s net interest income has risen to Rs 1.02 crore, up from Rs 6.41 lakh in the corresponding quarter.
It also mobilized Rs 13.70 crore in deposits and disbursed Rs 10.89 crore in loans as compared to Rs 11.96 crore in deposits and Rs 7.78 crore in loans in the corresponding quarter last year.
The development bank CD ratio stands at 66.74% in Q4. The bank’s paid up capital remains at Rs 2 crore.
Its annualized EPS stands at Rs 19.94 and its net worth per share is priced at Rs 142.85.
Mount Makalu Development Bank Limited |
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| Rs. In "000" | |||
| 4th Qtr. FY 2071/72 | 4th Qtr. FY 2070/71 | Growth (%) | |
| Paid-up Capital (Rs.) | 20,000.00 | 20,000.00 | 0.00% |
| Reserve (Rs.) | 8,570.19 | 4,675.29 | 83.31% |
| Deposits (Rs.) | 137,064.54 | 119,606.33 | 14.60% |
| Loans and Adv. (Rs.) | 108,903.96 | 119,606.33 | -8.95% |
| Net Interest Income (Rs.) | 10,260.61 | 6,415.23 | 59.94% |
| Provision for Possible Losses (Rs.) | 316.91 | 255.45 | 24.06% |
| Operating Profit (Rs.) | 6,230.86 | 3,740.59 | 66.57% |
| Write Back (Rs.) | 748.94 | 0.00 | - |
| Net Profit (Rs.) | 3,987.47 | 2,137.42 | 86.56% |
| CD Ratio (%) | 66.74% | 53.87% | 23.89% |
| Cost of Funds (as per NRB) (%) | 7.17% | 7.55% | -5.03% |
| Earning Per Share (annualised) | 19.94 | - | - |
| P/E Ratio (Times) | 47.40 | - | - |
| Net Worth per Share (Rs.) | 142.85 | - | - |
