Nepal Infrastructure Bank reports decline in net profit in Q2; Company recently issued an IPO worth Rs. 8 Arba
Thu, Feb 4, 2021 7:59 AM on Company Analysis, Latest,
Nepal Infrastructure Bank Limited (NIFRA) has published its Q2 report with a decline in net profit by 12.54% in Q2. The net profit declined to Rs. 35.25 crores in this quarter from Rs. 40.27 crores in the corresponding quarter of previous year.
The paid-up capital of the company stood at Rs. 12 Arba and reserve and surplus stood at Rs. 1.94 Arba till Q2.
The deposit from customers stood at Rs. 32.44 crores while loans and advances stood at Rs. 1.61 Arba. Placement with BFI’s stood at Rs. 13.43 Arba till Q2.
The net interest income (core business revenue) of the bank declined by 7.72% to Rs. 56.94 crores in Q2. The operating profit declined by 12.32% to Rs. 35.25 crores.
The bank’s EPS stood at Rs. 5.87 and net worth per share stood at Rs. 116.19.
(NOTE: The bank recently issued an IPO)
Major Highlights:
|
Particulars |
Nepal Infrastructure Bank Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
12,000,000.00 |
12,000,000.00 |
- |
|
Reserve & Surplus |
1,942,581.00 |
1,298,029.00 |
49.66% |
|
Deposit from Customers |
324,493.00 |
250,000.00 |
29.80% |
|
Loans & Advances |
1,614,330.00 |
582,694.00 |
177.05% |
|
Placement with BFI's |
13,437,236.00 |
11,373,312.00 |
18.15% |
|
Net Interest Income |
569,485.00 |
617,133.00 |
-7.72% |
|
Impairment Charge/(Reversal) for loans |
10,446.00 |
5,000.00 |
- |
|
Operating Profit |
503,576.00 |
574,320.00 |
-12.32% |
|
Net Profit |
352,255.00 |
402,783.00 |
-12.54% |
|
Capital Adequacy (%) |
249.34% |
319.56% |
- |
|
NPL (%) |
- |
- |
- |
|
Cost of fund (%) |
9.40% |
9.40% |
- |
|
EPS (Rs.) |
5.87 |
6.71 |
- |
|
Net worth per share (Rs.) |
116.19 |
110.82 |
- |
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