Nepal Investment Bank Q1 profit decline by 19.94%; earns Rs 84.44 crore with EPS of Rs 26.25
Fri, Nov 15, 2019 9:37 AM on Financial Analysis, Stock Market, Latest,
Nepal Investment Bank Limited (NIB) has published its first quarter report for the FY 2076/77 today with 19.94% decline in the net profit.
The bank’s profit has decreased from Rs 1.05 arba in the first quarter of the fiscal year 2075/76 to Rs 84.44 crore in the first quarter of the fiscal year 2076/77. In the same quarter, the bank has Rs 42.37 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has increased by 1.27% (compared to immediate previous year ending) to Rs 1.51 kharba and loans and advances to customers increased by 5.84% (compared to immediate previous year ending) to Rs 1.30 kharba in the first quarter. The net interest income (core business income) of the bank has decreased by 4.17% to Rs 1.52 arba from Rs 1.59 crore of the corresponding quarter.
Major Highlights:
* 2075/76 figure are of Immediate Previous Year Ending.
* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q1 end paid up capital.
The bank’s paid up capital stands at Rs 12.86 arba with Rs 13.44 arba as its reserve and surplus. The Non-Performing Loan (NPL) has increased to 2.84% from 1.21%. The capital adequacy ratio stands at 13.17%.
In the first quarter, the annualized EPS of the bank stands at Rs 26.25. The net worth per share stands at Rs 204.44 and qtr end PE ratio stands at 16.88 times.
The FY 2075/76 bonus share which is yet to be endorsed by AGM and adjusted in published Q1 report.
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