Nepal Infrastructure Bank Limited reports stagnant profitability in Q3; Look at the major highlights of Q3
Thu, Apr 29, 2021 7:36 AM on Company Analysis, Latest,
Nepal Infrastructure Bank Limited (NIFRA) has published its Q3 report with a stagnant net profit. The net profit slightly increased to Rs. 58.92 crores in this quarter from Rs. 58.20 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 20 Arba and reserve and surplus stood at Rs. 2.15 Arba till Q3.
The deposit from customers stood at Rs. 30.94 crores while loans and advances stood at Rs. 2.19 Arba. Placement with BFI’s stood at Rs. 19.66 Arba till Q3.
The net interest income (core business revenue) of the bank remained stagnant at Rs. 93.52 crores in this quarter. The operating profit also remained stagnant at Rs. 83.55 crores.
The bank’s EPS stood at Rs. 3.93 and net worth per share stood at Rs. 110.77. The company traded at a P/E multiple of 148.91 times.
Major Highlights:
|
Particulars |
Nepal Infrastructure Bank Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Share Capital |
20,000,000.00 |
12,000,000.00 |
66.67% |
|
Reserve & Surplus |
2,153,637.00 |
1,475,877.00 |
45.92% |
|
Loans and Advances |
2,195,638.00 |
582,962.00 |
276.63% |
|
Deposit from Customers |
309,465.00 |
250,000.00 |
23.79% |
|
Placement with BFI's |
19,668,776.00 |
3,374,987.00 |
482.78% |
|
Net Interest Income |
935,225.00 |
927,689.00 |
0.81% |
|
Impairment charge/(Reversal) for loans |
16,010.00 |
4,968.00 |
- |
|
Operating Profit |
835,539.00 |
830,468.00 |
0.61% |
|
Net Profit |
589,289.00 |
582,070.00 |
1.24% |
|
Capital Adequacy Ratio (CAR) |
296.19% |
322.22% |
- |
|
Non-performing Loan (%) |
0.00% |
0.00% |
- |
|
Cost of Funds (%) |
9.40% |
9.40% |
- |
|
Base Rate (%) |
0.00% |
0.00% |
- |
|
CCD Ratio (as per NRB Directives) |
9.37% |
3.62% |
- |
|
Annualized EPS (Rs.) |
3.93 |
6.47 |
- |
|
Net Worth per share (Rs.) |
110.77 |
112.30 |
- |
|
Price to Earnings (Times) |
148.91 |
- |
- |
|
Price to Book (Times) |
3.95 |
- |
- |
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