Nepal Infrastructure Bank profit declines by 12.43% to Rs 18.01 crore in Q1; company issuing IPO worth Rs 8 arba
Thu, Nov 12, 2020 6:13 AM on Latest, Company Analysis,
Nepal Infrastructure Bank Limited (NIFRA) has published its first quarterly report for the FY 2077/78 today. The bank net profit declines by 12.43% to Rs 18.01 crore from Rs 20.57 crore in the corresponding quarter.
The bank has Rs 18.01 crore as a distributable profit. The bank earns Rs 28.35 crore as net interest income with a 9.24% fall.
The bank has Rs 25 crore as deposits and has kept massive Rs 13.20 arba in BFIs and disburse Rs 9.08 crore as loans and advances.
The paid-up capital of the bank stands at Rs 12 Arba with reserves of Rs 1.81 arba as of the first quarter of FY 2077/78.
Similarly, it's annualized earning per share stands at Rs 6, and net worth per share stands at Rs 115.
NIFRA is underway to issue IPO worth Rs 8 arba. It has appointed CIT as the underwriter and the issue manager is NIBL Ace Capital Limited.
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Major Highlights:
|
Particulars (In Rs '000) |
Nepal Infrastructure Bank |
|
|
|---|---|---|---|
|
Q1 2077/78 |
Q1 2076/77 |
Difference |
|
|
Paid Up Capital |
12,000,000.00 |
12,000,000.00 |
0.00% |
|
Reserve & Surplus |
1,814,706.00 |
994,671.00 |
82.44% |
|
Deposits |
250,020.00 |
250,000.00 |
0.01% |
|
Placements with BFIs |
13,208,678.00 |
7,387,377.00 |
78.80% |
|
Loans & Advances |
90,850.00 |
84,412.00 |
7.63% |
|
Net Interest Income |
283,585.00 |
312,459.00 |
-9.24% |
|
Staff Expenses |
17,783.00 |
19,102.00 |
-6.91% |
|
Impairment Charge/(Reversal) |
-4,952.00 |
0 |
|
|
Operating Profit |
257,642.00 |
292,420.00 |
-11.89% |
|
Net Profit |
180,122.00 |
205,700.00 |
-12.43% |
|
Distributable Profit |
180,113.00 |
205,607.00 |
-12.40% |
|
Capital Adequacy (%) |
344.24 |
346.79 |
-0.74% |
|
NPL (%) |
0 |
0 |
0.00% |
|
Cost of Fund (%) |
9.4 |
9.4 |
0.00% |
|
EPS (In Rs.) |
6 |
7 |
-12.43% |
|
Net Worth per Share (In Rs.) |
115 |
108 |
6.31% |
