Muktinath Bikas Bank profit rises by 9.94% to Rs 47.25 crore in Q2; Non-performing loans stand at 0.11%
Thu, Feb 6, 2020 7:55 AM on Financial Analysis,
Muktinath Bikas Bank Limited (MNBBL) has posted a profit growth of 9.94 percent in the Q2 of the fiscal year 2076/77.
Publishing the unaudited financial report for the second quarter today, the development bank stated that its net profit increased to Rs 47.25 crore, up from Rs 42.98 crore in the corresponding period of the previous fiscal year 2075/76.
Its net interest income has increased by 19.55% to Rs 1.09 arba till this quarter from Rs 91.91 crore in the Q2 of FY 2075/76.
Muktinath Bikas Bank’s paid-up capital stands at Rs 4.32 arba with a reserve of Rs 1.23 arba till Q2 of FY 2076/77. The development bank has collected deposits of Rs 48.23 arba till the second quarter, up from Rs 41.47 arba (compared to immediate previous year ending).
Likewise, it has extended loans and advances of Rs 45.20 arba till Q2 of FY 2076/77. Its non-performing loan (NPL) stands at 0.11% in Q2.
The annualized EPS of MNBBL is Rs 21.85. Its networth per share is Rs 128.47 and quarter end PE stands at 14.10 times.
Major Highlights:
* Figure are of Immediate Previous Year Ending (Audited)
* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q2 end paid up capital.
|
Particulars (In Rs '000) |
Mukthinath Bikas Bank |
||
|---|---|---|---|
|
Q2 2076/77 |
Q2 2075/76 |
Difference |
|
|
Paid Up Capital* |
4,324,989 |
3,064,760 |
41.12% |
|
Share Premium* |
64,012 |
|
|
|
Retained Earnings* |
367,300 |
705,631 |
-47.95% |
|
Reserves* |
799,801 |
679,112 |
17.77% |
|
Deposits from Customers* |
48,238,715 |
41,470,705 |
16.32% |
|
Loans & Advances to Customers* |
45,203,260 |
38,144,321 |
18.51% |
|
Net Interest Income |
1,098,750 |
919,105 |
19.55% |
|
Fee and Commission Income |
310,754 |
312,539 |
-0.57% |
|
Impairment Charge/(Reversal) |
-89,230 |
-97,150 |
- |
|
Personnel Expenses |
384,356 |
323,128 |
18.95% |
|
Operating Profit |
674,940 |
621,136 |
8.66% |
|
Non-Operating Income |
77 |
270 |
-71.31% |
|
Profit/(Loss) for the Year |
472,512 |
429,809 |
9.94% |
|
Total Comprehensive Income |
463,702 |
426,135 |
8.82% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
343,014 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
14.15 |
13.78 |
2.69% |
|
NPL |
0.11 |
0.05 |
120.00% |
|
CCD (as per NRB Directives) |
77.93 |
78.77 |
-1.07% |
|
Cost of Fund (%) |
8.61 |
8.67 |
-0.69% |
|
Base Rate (%) |
11.18 |
11.25 |
-0.62% |
|
Annualized EPS (In Rs.) |
21.85 |
28.05 |
-22.10% |
|
Net Worth per Share (In Rs.) |
128.47 |
145.18 |
-11.51% |
|
Qtr End PE Ratio (times) |
14.10 |
- |
- |
|
Qtr End Market Price* |
308 |
- |
- |
|
Price to Book (PB Ratio) |
2.40 |
- |
- |
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