Muktinath Bikas Bank reports 40.23% rise in net profit reaching Rs 80.7 crore; EPS at the end of Q4 2075/76 stands at Rs 27.84
Fri, Aug 16, 2019 8:49 PM on Financial Analysis, Latest, Stock Market,
Muktinath Bikas Bank Limited (MNBBL) has posted an outstanding profit growth of 40.23 percent in the Q4 of the fiscal year 2075/76.
Publishing the unaudited financial report for the fourth quarter today, the development bank stated that its net profit increased to Rs 80.7 crore till Q4, up from Rs 57.55 crore in the corresponding period of the previous fiscal year 2074/75.
Its net interest income has increased by 44.32% to Rs 1.81 arba till this quarter from Rs 1.25 crore in the Q4 of FY 2074/75.
Muktinath Bikas Bank’s paid-up capital stands at Rs 3.06 arba with a reserve of Rs 1.24 arba till Q4 of FY 2075/76. The development bank has collected deposits of Rs 46.12 arba till the fourth quarter, up from Rs 30.35 arba in the corresponding quarter of 74/75 FY.
Likewise, it has extended loans and advances of Rs 37.71 arba till Q4 of FY 2075/76. Its non-performing loan (NPL) stands at 0.07% in Q4.
The annualized EPS of MNBBL is Rs 27.84 in Q4. Its networth per share is Rs 146.39 and PE stands at 13.29 times.
Major Highlights:
| Particulars (In Rs '000) | Muktinath Bikas Bank | ||
|---|---|---|---|
| Q4 2075/76 | Q4 2074/75 | Difference | |
| Paid Up Capital | 3,064,760.00 | 3,064,760.00 | |
| Reserve & Surplus | 1,249,447.77 | 450,073.96 | 177.61% |
| Deposits | 46,129,022.05 | 30,354,844.68 | 51.97% |
| Loans & Advances | 37,719,052.80 | 25,003,027.78 | 50.86% |
| Net Interest Income | 1,815,777.37 | 1,258,139.38 | 44.32% |
| Staff Expenses | 547,718.20 | 348,961.03 | 56.96% |
| Provision for possible losses | 162,309.63 | 138,379.37 | 17.29% |
| Operating Profit | 1,250,192.77 | 887,984.60 | 40.79% |
| Net Profit | 807,047.32 | 575,528.63 | 40.23% |
| Capital Adequacy (%) | 13.3 | 14.25 | -6.67% |
| NPL (%) | 0.07 | 0.004 | 1650.00% |
| Cost of Fund (%) | 8.69 | 9.03 | -3.77% |
| Base Rate (%) | 11.36 | 12.51 | -9.19% |
| Annualized EPS (In Rs.) | 27.84 | ||
| Net Worth per Share (In Rs.) | 146.39 | ||
| PE Ratio (times) | 13.29 | - | |
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