NMB Bank earns Rs 1.65 arba till Q3; has capacity to distribute 13% dividend from FY 2075/76 earnings and 26% dividend from share premium
Mon, May 6, 2019 6:30 AM on Financial Analysis, Stock Market, Latest,
NMB Bank Limited (NMB) has published its third quarter report for the FY 2075/76 with 19.94% growth in net profit.
The bank’s profit has increased from Rs 1.37 arba in the third quarter of the fiscal year 2074/75 to Rs 1.65 arba in the third quarter of the fiscal year 2075/76.
The bank’s deposit rises by 11.90% to Rs 93.96 arba whereas loans and advances have also increased by satisfactory 19.68% to Rs 87.02 arba in the third quarter. The net interest income (core business income) of the bank has also increased by an outstanding 50.84% to Rs 3.09 arba from Rs 2.05 arba of the corresponding quarter.
In the same quarter, the bank has Rs 97.21 crore as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. If the profit growth of this quarter continues in fourth quarter then the company will have Rs 1.29 arba (approx.) as distributable profit. This means NMB Bank can distribute around 13% (approx.) dividend from the earnings of FY 2075/76 next year if other regulatory reserve requirements are not required. Also NMB Bank has Rs 2.51 arba as share premium this means NMB Bank can distribute 26% (approx.) dividend from share premium.
The bank’s paid up capital stands at Rs 9.61 arba with Rs 7.13 arba as its reserve. The Non-Performing Loan (NPL) has decline slightly to 0.79%.
In the third quarter, the annualized EPS of the bank stands at Rs 22.89. The net worth per share stands at Rs 174.22 and PE ratio stands at 15.55 times.
Major Highlights:
* Figure are of Immediate Previous Year Ending (Audited)
* 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 Q3 end paid up capital.
|
Particulars (In Rs '000) |
NMB Bank |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital |
9,618,163 |
7,603,291* |
26.50% |
|
Share Premium |
2,518,064 |
4,061,367* |
-38.00% |
|
Retained Earnings |
2,180,308 |
2,339,182* |
-6.79% |
|
Reserves |
2,439,901 |
2,485,970* |
-1.85% |
|
Deposits |
93,962,600 |
83,970,867* |
11.90% |
|
Loans & Advances |
87,024,524 |
72,711,772* |
19.68% |
|
Net Interest Income |
3,094,199 |
2,051,363 |
50.84% |
|
Impairment Charge/(Reversal) |
-134,583 |
162,598 |
- |
|
Operating Profit |
2,349,159 |
1,905,100 |
23.31% |
|
Profit/(Loss) for the Year |
1,651,126 |
1,376,632 |
19.94% |
|
Total Comprehensive Income |
1,605,057 |
1,382,998 |
16.06% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
972,154 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
15.42 |
12.93 |
19.26% |
|
NPL |
0.79 |
1.1 |
-28.18% |
|
CCD (as per NRB Directives) |
77.83 |
75.33 |
3.32% |
|
Cost of Fund (%) |
7.25 |
7.41 |
-2.16% |
|
Base Rate (%) |
9.95 |
10.92 |
-8.88% |
|
Annualized EPS (In Rs.) |
22.89 |
24.14 |
-5.19% |
|
Net Worth per Share (In Rs.) |
174.22 |
216.88 |
-19.67% |
|
Qtr End PE Ratio (times) |
15.55 |
- |
- |
