Muktinath Bikas Bank profit rises by an outstanding 40.81% with almost Zero non performing loan; PE stands at 13.67 times
Sun, May 5, 2019 6:27 AM on Financial Analysis, Stock Market, Latest,
Muktinath Bikas Bank Limited (MNBBL) has posted an outstanding profit growth of 40.81 percent in the Q3 of the fiscal year 2075/76 despite having huge balance size among all development banks.
Publishing the unaudited financial report for the third quarter today, the development bank stated that its net profit increased to Rs 60.20 crore till Q3, up from Rs 42.75 crore in the corresponding period of the previous fiscal year 2074/75.
Its net interest income has increased by 42.26% to Rs 1.29 arba till this quarter from Rs 88.28 crore in the Q3 of FY 2074/75.
Muktinath Bikas Bank’s paid-up capital stands at Rs 3.06 arba with a reserve of Rs 1.05 arba till Q3 of FY 2075/76. The development bank has collected deposits of Rs 41.80 arba till the third quarter, up from Rs 24.54 arba in the corresponding quarter of 74/75 FY.
Likewise, it has extended loans and advances of Rs 36.45 arba till Q3 of FY 2075/76. Its non-performing loan (NPL) stands at 0.03% in Q3.
The annualized EPS of MNBBL is Rs 26.19 with 19% growth in Q3. Its networth per share is Rs 134.33 and PE stands at 13.67 times.
Major Highlights:
|
Particulars (In Rs '000) |
Muktinath Bikas Bank |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital |
3,064,760.00 |
2,591,763.00 |
18.25% |
|
Reserve & Surplus |
1,052,149.00 |
804,619.00 |
30.76% |
|
Deposits |
41,804,969.00 |
24,546,248.00 |
70.31% |
|
Loans & Advances |
36,451,941.00 |
21,993,125.00 |
65.74% |
|
Net Interest Income |
1,291,247.00 |
882,828.00 |
46.26% |
|
Staff Expenses |
380,314.00 |
242,846.00 |
56.61% |
|
Provision for possible losses |
146,302.00 |
69,967.00 |
- |
|
Operating Profit |
932,451.00 |
657,640.00 |
41.79% |
|
Net Profit |
602,075.00 |
427,572.00 |
40.81% |
|
Capital Adequacy (%) |
13.27 |
15.21 |
-12.75% |
|
NPL (%) |
0.03 |
0.01 |
200.00% |
|
Cost of Fund (%) |
8.74 |
8.75 |
-0.11% |
|
Base Rate (%) |
11.29 |
12.31 |
-8.29% |
|
Annualized EPS (In Rs.) |
26.19 |
22.00 |
19.08% |
|
Net Worth per Share (In Rs.) |
134.33 |
131.05 |
2.51% |
|
PE Ratio (times) |
13.67 |
- |
- |
