Muktinath reports an outstanding result in Q2; earns Rs 10.25 crore
Tue, Feb 3, 2015 12:00 AM on Financial Analysis,
ShareSansar, February 3:
Muktinath Bikas Bank Limited (MNBBL) has reported 45.86 percent rise in net profit during the second quarter of current fiscal year 2071/72.
Publishing the unaudited quarterly report for the second quarter today, one of the most-sought-after development banks has stated that its net profit rose to Rs 10.25 crore by the second quarter end, up from Rs 5.54 crore in the corresponding quarter of the previous fiscal year 2070/71. Muktinath’s profit was largely fuelled by its core business.
Its net interest income has surged to Rs 21.80 crore up from just Rs 13.59 crore in the second quarter of the previous fiscal year.
Similarly, the bank has also succeeded in mobilizing Rs 5.85 arba in deposit and Rs 5.20 arba in loan as compared to Rs 4.36 arba in deposit and Rs 3.55 arba in the corresponding quarter.
It has provisioned Rs 78.13 lakh for possible loss by the end of the second quarter.
The bank’s non-performing loan has also marginally gone down from 0.48 percent in the second quarter of the previous fiscal year to 0.66 percent by the end of the last fiscal year.
It’s EPS (annualized) has risen to Rs 40.43 and the P/E ratio (annualized) stands at 11.65 times while its net worth per share stands at an impressive Rs 150.53.
