Muktinath Bikas Bank reports a meagre rise of 5.23% in net profit; Annualized EPS till Q1 of 2076/77 at Rs 29.86

Muktinath Bikas Bank Limited (MNBBL) has posted a profit growth of 5.23 percent in the Q1 of the fiscal year 2076/77.

Publishing the unaudited financial report for the first quarter today, the development bank stated that its net profit increased to Rs 22.87 crore till Q1, up from Rs 21.73 crore in the corresponding period of the previous fiscal year 2075/76.

Its net interest income has increased to Rs 52.36 crore till this quarter from Rs 46.67 crore in the Q1 of FY 2075/76.

Muktinath Bikas Bank’s paid-up capital stands at Rs 3.06 arba with a reserve of Rs 76.66 crore till Q1 of FY 2076/77. The development bank has collected deposits of Rs 44.35 arba till the first quarter, up from Rs 41.47 arba in the corresponding quarter of FY 2075/76.

Likewise, it has extended loans and advances of Rs 41.26 arba till Q1 of FY 2076/77. Its non-performing loan (NPL) stands at 0.13% in Q1.

The annualized EPS of MNBBL is Rs 29.86 in Q1. Its networth per share is Rs 151.77 and PE stands at 10.38 times.

First Quarter Report