Nabil Bank joins the billionaire’s club in the first quarter; Profit rises by 24.20% with EPS standing at Rs 52.59
Fri, Nov 16, 2018 7:33 AM on Financial Analysis, Stock Market,
Nabil Bank Limited (NABIL) has reported 24.20% rise in the net profit in the first quarter of the fiscal year 2075/76.
The bank’s profit has increased from 85.14 crore in the first quarter of the fiscal year 2074/75 to Rs 1.05 arba in the first quarter of the fiscal year 2075/76. In the first quarter of the FY 2075/76, the bank has massive amount of Rs 93.31 crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.
The bank’s deposit has growth rate of 16.39% to Rs 1.43 kharba and loans and advances have also increased by 31.95% to Rs 1.28 kharba in the first quarter.
The net interest income of the bank has increased to Rs 1.85 arba from Rs 1.36 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.04 arba with Rs 13.79 arba as its reserve as of the first quarter of FY 2075/76.
The Non-Performing Loan (NPL) has also decreased to 0.58% from 1.11%.
In the fourth quarter, the EPS of the bank stands at Rs 52.59. The net worth per share stands at Rs 271.52.
Major Highlights:
|
Particulars (In Rs '000) |
NABIL |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
8,043,221 |
8,043,221 |
0.00% |
|
Reserve & Surplus |
13,795,439 |
6,905,062 |
99.79% |
|
Deposits |
143,301,948 |
123,119,120 |
16.39% |
|
Borrowings |
766,200 |
1,016,618 |
-24.63% |
|
Loans & Advances |
128,078,862 |
97,068,948 |
31.95% |
|
Net Interest Income |
1,856,749 |
1,360,657 |
36.46% |
|
Operating Profit |
1,501,853 |
1,206,205 |
24.51% |
|
Net Profit |
1,057,466 |
851,406 |
24.20% |
|
Total Comprehensive Income afterShare of NCI |
988,055 |
851,406 |
16.05% |
|
Add/ Less: Regulatory adjustment as per NRB |
(119,277) |
- |
- |
|
Free Profit/ (Loss) after Regulatory Adjustments |
933,190 |
851,406 |
9.61% |
|
NPL |
0.58 |
1.11 |
-47.75% |
|
Annualized EPS (In Rs.) |
52.59 |
42.34 |
24.20% |
|
Net Worth per Share (In Rs.) |
271.52 |
185.85 |
46.09% |
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