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Muktinath Bikas Bank’s outstanding performance with 47% rise in profit; EPS and Net worth per share stand at Rs 30.93 and Rs 144.31 respectively

Mon, Nov 5, 2018 8:41 AM on Financial Analysis, Latest, Stock Market,
-ShareSansar

Muktinath Bikas Bank Limited (MNBBL) has posted profit growth of 47.94 percent in the first quarter (Q1) of the fiscal year 2075/76.

Publishing the unaudited financial report for the first quarter today, the development bank stated that its net profit rose to Rs 20.03 crore in the fiscal year 2075/76, up from Rs 13.54 crore in the corresponding period of the previous fiscal year 2074/75.

Its net interest income has risen from Rs 25.79 crore in corresponding quarter to Rs 42.57 crore in the first quarter. Muktinath Bikas Bank’s paid up capital remains at Rs 2.59 arba with reserve of Rs 1.14 arba in Q1. The development bank has collected deposits of Rs 33.25 arba in the first quarter, up from Rs 19.54 arba in the corresponding quarter.

Likewise, it has extended loans and advances of Rs 28.85 arba in Q1 whereas in the same period last year the figure stood at Rs 16.80 arba. Its non-performing loan (NPL) has dropped to 0.02% in Q1 from 0.03% in the previous year report.

MNBBL’s annualized earning per share (EPS) stands at Rs 30.93, net worth per share at Rs 144.31 and the P/E ratio at 12.81 times.

Major Highlights:

Particulars (In Rs '000)

MNBBL

Q1 2075/76

Q1 2074/75

Difference

Paid Up Capital

2,591,763

2,144,632

20.85%

Reserve & Surplus

1,148,291

909,913

26.20%

Deposits

33,256,987

19,542,614

70.18%

Borrowings

1,220,000

-

-

Loans & Advances

28,850,247

16,807,601

71.65%

Net Interest Income

425,776

257,961

65.05%

Provision for possible losses

51,561

25,261

104.11%

Operating Profit

311,752

198,428

57.11%

Net Profit

200,378

135,447

47.94%

NPL (%)

0.02

0.03

-33.33%

Annualized EPS (In Rs.)

30.93

25.26

22.42%

Net Worth per Share (In Rs.)

144.31

142.43

1.32%

P/E Ratio (In times)

12.81

 

 

 

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