Muktinath Bikas Bank reports satisfactory growth in business volume and overall profitability in Q3
Tue, Apr 20, 2021 6:33 AM on Company Analysis, Latest,
Muktinath Bikas Bank Limited (MNBBL) has published its third-quarter report for the FY 2077/78 with a satisfactory rise in net profit by 48.75%.
The development bank’s profit has increased from Rs 67.60 crore in the third quarter of the fiscal year 2076/77 to Rs 1.00 arba in the third quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 82.87 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has a growth rate of 43.89% (compared to the immediate previous year ending) to Rs 68.57 arba and loans and advances to customers have increased by 39.43% (compared to the immediate previous year ending) to Rs 79.90 arba in the third quarter. The net interest income of the bank has increased by 11.82% to Rs 1.89 arba from Rs 1.69 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs 4.81 arba with Rs 1.84 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has increased to 0.21% from 0.09%.
The annualized EPS of MNBBL stands at Rs 27.87. The net worth per share stands at Rs 18.43 and the qtr end PE ratio stands at 15.47 times.
Major Highlights:
|
Particulars |
Muktinath Bikas Bank Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
4,811,550.80 |
4,324,989.49 |
- |
|
Reserve & Surplus |
1,849,112.25 |
1,493,469.20 |
23.81% |
|
Deposit from Customers |
68,578,492.35 |
47,660,904.61 |
43.89% |
|
Loans & Advances |
79,907,141.48 |
57,310,862.70 |
39.43% |
|
Net Interest Income |
1,894,781.86 |
1,694,488.92 |
11.82% |
|
Impairment Charge/(Reversal) for loans |
207,444.59 |
100,533.01 |
- |
|
Operating Profit |
1,422,434.42 |
965,702.46 |
47.30% |
|
Net Profit |
1,005,614.42 |
676,034.33 |
48.75% |
|
Capital Adequacy (%) |
11.14% |
12.63% |
- |
|
NPL (%) |
0.21% |
0.09% |
- |
|
Cost of fund (%) |
6.09% |
8.63% |
- |
|
EPS (Rs.) |
27.87 |
20.84 |
- |
|
Net worth per share (Rs.) |
138.43 |
134.53 |
- |
|
Qtr end PE ratio (Times) |
15.47 |
- |
- |
|
Qtr End Market Price |
431 |
- |
- |
