Nabil Bank's profit decline by meager margin in Q1; Distributable profit stands at impressive Rs 1.20 arba
Sat, Nov 14, 2020 5:48 AM on Company Analysis, Latest,
Nabil Bank Limited (NABIL) has published its first-quarter report for the FY 2077/2078 with a meager decline in Net Profit by 7.82%. The bank's net profit has decreased from Rs. 1.12 arba in the first quarter of FY 2076/2077 to Rs. 1.03 arba in the first quarter of FY 2077/2078.
The bank reported Rs. 1.20 arba as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank’s deposit from customers increased by 2.80% to Rs. 1.96 kharba (compared to immediate previous year ending) whereas loans and advances to customers increased by 6.05% to Rs. 1.57 kharba (compared to the immediate previous year ending) till the first quarter. The Net Interest Income (core business income) of the bank has decreased by 17.96% to Rs. 1.57 arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 10.09 Arba with Rs. 16.87 Arba in Reserve and surplus. The Non-performing loan (NPL) remains stagnant at 0.65%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 41.03 and Net worth per share stood at Rs. 267.08. The company traded at a P/E multiple of 20.96 times.
Major Highlights:
* 2076/77 figure are of Immediate Previous Year Ending.
* Published EPS, Networth and PE may differ. As per NFRS standard, the Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken the number of shares as per Q1 end paid-up capital.
|
Particulars (In Rs '000) |
Nabil Bank |
||
|---|---|---|---|
|
Q1 2077/78 |
Q1 2076/77 |
Difference |
|
|
Share Capital* |
10,097,497 |
10,097,497 |
0.00% |
|
Share Premium* |
74 |
74 |
|
|
Retained Earnings* |
4,251,044 |
3,042,237 |
39.73% |
|
Reserves* |
12,619,664 |
12,661,672 |
-0.33% |
|
Deposits from Customers* |
196,151,871 |
190,806,470 |
2.80% |
|
Loans & Advances to customers* |
157,196,024 |
148,231,388 |
6.05% |
|
Net Interest Income |
1,574,015 |
1,918,600 |
-17.96% |
|
Impairment Charge/(Reversal) |
-275,990 |
61,363 |
0.00% |
|
Personnel Expenses |
576,042 |
591,087 |
-2.55% |
|
Operating Profit |
1,483,069 |
1,606,272 |
-7.67% |
|
Profit/(Loss) for the Year |
1,035,712 |
1,123,587 |
-7.82% |
|
Total Comprehensive Income |
1,166,799 |
1,161,090 |
0.49% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
1,208,807 |
|
|
|
Capital Adequacy Ratio (CAR) |
12.59 |
12.20 |
3.20% |
|
NPL |
0.65 |
0.65 |
0.00% |
|
CCD (as per NRB Directives) |
73.48 |
74.09 |
-0.82% |
|
Cost of Fund (%) |
4.99 |
6.2 |
-19.52% |
|
Interest Rate Spread (%) |
3.97 |
4.45 |
-10.79% |
|
Base Rate (%) |
6.68 |
7.94 |
-15.87% |
|
Annualized EPS (In Rs.) |
41.03 |
44.51 |
-7.82% |
|
Net Worth per Share (In Rs.) |
267.08 |
255.52 |
4.52% |
|
Qtr End PE Ratio (times) |
20.96 |
- |
- |
|
Qtr End Market Price |
860 |
- |
- |
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