Muktinath Bikas Bank reports 28.99% growth in profitability in Q1; Shows excellent increment in business volume
Fri, Nov 13, 2020 1:28 PM on Company Analysis, Latest,
Muktinath Bikas Bank Limited (MNBBL) has posted an increase in net profit of 28.59% in the first quarter of the fiscal year 2077/78. The net profit rose to Rs. 29.41 crores from Rs. 22.87 crores of the corresponding quarter of the previous year.
The loans and advances for the quarter stood at Rs. 51.99 Arba from Rs. 47.69 Arba of the corresponding quarter of the previous year. The deposit increased to Rs. 63.84 Arba in this quarter.
The Net Interest income (Core business revenue) for the company increased by 12.80% to Rs. 59.06 crores. The operating profit for the company increased by 28.99%.
MNBBL has a paid-up capital of Rs. 4.32 Arba and reserve of Rs. 1.76 Arba Crore.
Its Non-Performing loan (NPL) stood at 0.12% in this quarter. Its annualized Earnings per Share stands at Rs. 27.21 and net worth per share stand at Rs.140.83. The company traded at a P/B multiple of 2.51 times.
Financial Highlights:
|
Particulars |
Muktinath Bikas Bank Limited |
||
|---|---|---|---|
|
Q1, 2077/2078 |
Q1, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
4,324,989.49 |
4,324,989.49 |
- |
|
Share Premium |
64,012.14 |
64,012.14 |
- |
|
Retained Earnings |
649,841.66 |
497,649.88 |
- |
|
Reserves |
1,051,908.85 |
904,258.97 |
16.33% |
|
Deposit from customers |
63,847,608.22 |
57,295,224.12 |
11.44% |
|
Loans & Advances to Customers |
51,994,606.80 |
47,690,750.59 |
9.02% |
|
Net Interest Income |
590,606.72 |
523,607.24 |
12.80% |
|
Fee and Commission Income |
138,788.72 |
149,214.53 |
-6.99% |
|
Impairment Charge/ (Reversal) |
150,683.19 |
64,937.19 |
132.04% |
|
Personnel Expenses |
237,820.14 |
188,014.73 |
26.49% |
|
Operating Profit |
420,227.99 |
325,791.21 |
28.99% |
|
Non-Operating Income |
0.00 |
77.49 |
- |
|
Profit/ (Loss) for the period |
294,159.59 |
228,764.54 |
28.59% |
|
Distributable Profit/(Loss) after P/L appropriation and Regulatory Adjustments |
152,191.78 |
- |
- |
|
Capital Adequacy Ratio (CAR) (%) |
12.51% |
12.97% |
- |
|
Non-Performing Loan (NPL) |
0.12% |
0.13% |
- |
|
CCD (as per NRB Directive) |
77.42% |
77.38% |
- |
|
Cost of Fund (%) |
6.99% |
8.50% |
- |
|
Base Rate (%) |
9.16% |
11.05% |
- |
|
Annualized EPS (Rs.) |
27.21 |
21.16 |
28.59% |
|
Net Worth per share (Rs.) |
140.83 |
133.89 |
5.18% |
|
Qtr End PE Ratio (Rs.) |
13.01 |
- |
- |
|
Qtr End Market Price |
354 |
- |
- |
|
Price to Book (PB Ratio) |
2.51 |
- |
- |
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