NIDC Capital Market (NCM) has registered a net profit drop of 35.26% in the second quarter of the current FY 2073/74.
According to the unaudited financial report published by the finance today, its net profit has decreased to Rs. 5.45 crore in second quarter, down from Rs. 8.41 crore in the corresponding quarter of the previous fiscal year.
NCM’s net interest income has dropped to Rs 2.60 crore in Q2 as compared to Rs 6 crore in the corresponding quarter of the last fiscal year.
As of Q2, it has a paid up capital of Rs 23.35 crore with a reserve of Rs 23.79 crore.
The merchant bank also collected deposits of Rs 92.47 crore in Q2, up from Rs 91.15 crore in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 60.59 crore in Q2 whereas in the same period last year, the figure stood at Rs. 55.32 crore. The credit-deposit ratio (CDD) of stands at 46.87%.
NCM’s annualized Earnings per Share (EPS) has decreased by 35.26% to Rs.46.67 per share. The trading of this company is currently halted as it is in a process of being acquired by Sunrise Bank Limited.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
233,564.00 |
233,564.00 |
0.00% |
| Reserve and Surplus |
237,913.00 |
173,580.00 |
37.06% |
| Deposits |
924,750.00 |
911,507.00 |
1.45% |
| Loans and Advances |
605,946.00 |
553,276.00 |
9.52% |
| Net Interest Income |
26,064.00 |
60,034.00 |
-56.58% |
| Provision |
589.00 |
90,398.00 |
- |
| Write Back |
26,222.00 |
101,042.00 |
- |
| Operating Profit |
14,365.00 |
(39,096.00) |
-136.74% |
| Net Profit |
54,504.00 |
84,183.00 |
-35.26% |
| Capital Adequacy Ratio |
33.30% |
26.28% |
- |
| NPL |
2.78% |
8.52% |
-67.37% |
| Base Rate |
8.95% |
8.91% |
- |
| Cost of Fund |
5.28% |
5.51% |
|
| CD Ratio (as per NRB) |
46.87% |
48.32% |
- |
| EPS (Annualized) |
46.67 |
72.09 |
-35.26% |
| PE Ratio |
25.71 |
|
|
| Networth Per Share |
201.86 |
174.32 |
|
