Muktinath Bikas Bank Reports 12.44% Profit Growth to Rs. 1.51 Arba in Q4; EPS at Rs. 18.98

Muktinath Bikas Bank Limited (MNBBL) has reported a net profit of Rs. 1.51 Arba for the fourth quarter of FY 2082/83, registering a 12.44% increase from Rs. 1.35 Arba recorded in the corresponding period last year.

The bank’s retained earnings declined by 50.10% to Rs. 67.57 Crores. Meanwhile, operating profit increased 20.23% to Rs. 2.42 Arba. Net interest income grew 3.63% to Rs. 4.74 Arba, while impairment charges declined significantly by 27.87%.

On the business front, the bank’s deposits increased to Rs. 12.35 Kharba, while loans and advances stood at Rs. 10.05 Kharba.

The bank maintained a capital adequacy ratio of 13.47%, while its non-performing loan (NPL) ratio stood at 4.77%. Earnings per share (EPS) stood at Rs. 18.98, while net worth per share reached Rs. 161.82.

Report:

Major Highlights:

Particulars (In Rs '000) Muktinath Bikas Bank Limited
Q4 2082/83 Q4 2081/82 Difference
Paid Up Capital 8,000,389.00 7,046,938.00 13.53%
Share Premium 0.00 0.00 0.00%
Retained Earnings 675,756.00 1,354,102.00 -50.10%
Reserves 4,270,271.00 3,409,030.00 25.26%
Deposit 123,539,443.00 117,430,719.00 5.20%
Loans & Advances  100,508,831.00 97,223,243.00 3.38%
Net Interest Income 4,743,849.00 4,577,490.00 3.63%
Personnel Expenses 1,637,626.00 1,646,265.00 -0.52%
Impairment Charges 572,370.00 793,567.00 -27.87%
Operating Profit 2,422,707.00 2,015,054.00 20.23%
Net Profit 1,518,361.00 1,350,360.00 12.44%
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments  675,756.00 1,354,102.00 -50.10%
Capital Adequacy (%) 13.47 12.88 4.58%
NPL (%) 4.77 2.97  
Cost of Fund (%) 3.53 4.90 -27.96%
EPS  (In Rs.) 18.98 19.16 -0.96%
Net Worth per Share (In Rs.) 161.82 167.59 -3.44%
Qtr end PE Ratio (times) 19.13 - -
Qtr End Market Price 363 - -