Tinau Mission Dev. Bank published satisfactory Q4 report; net profit rises to Rs 19.68 crore; EPS stands at Rs 10.85
Sun, Jul 26, 2020 6:36 AM on Financial Analysis, Latest,
Tinau Mission Development Bank Limited (TMDBL) has published a satisfactory fourth-quarter report for FY 2076/77 with massive 382.89% growth in net profit. The bank stated that despite of lockdown due to COVID-19, banks able to maintain healthy growth in major financial indicators.
TMDBL’s profit has increased from Rs 4.07 crore in the fourth quarter of the fiscal year 2075/76 to Rs 19.68 crore in the third quarter of the fiscal year 2076/77.
The development bank’s deposit from customers increased by 51.44% to Rs 16.05 Arba whereas loans and advances to customers rise by 39.91% to Rs 12.33 Arba till the fourth quarter. The net interest income (core business income) of the bank has increased by 199.67% to Rs 65.30 crore from Rs 21.79 crore of the corresponding quarter. The massive growth seen in the major indicators this year of TMDBL’s is mainly due to consolidated financial reports of Tinau Mission Development Bank and Nepal Community Development Bank which merged with each other.
The development banks have a distributable profit of Rs 11.29 crore.
TMDBL’s paid-up capital stands at Rs 1.81 Arba with Rs 41.45 crore as its reserve and surplus. The Non-Performing Loan (NPL) has increased to 1.53% from 0.34%.
In the fourth quarter, the EPS of the bank stands at Rs 10.85. The net worth per share stands at Rs 122.86 and PE ratio stands at 16.12 times.
Major highlights
Particulars (In Rs '000) |
Tinau Mission Dev. Bank |
||
---|---|---|---|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
Paid Up Capital |
1,813,127 |
1,144,168 |
58.47% |
Share Premium |
0 |
0 |
|
Retained Earnings |
120,352 |
137,513 |
-12.48% |
Reserves |
294,218 |
177,674 |
65.59% |
Deposits from Customers |
16,055,742 |
10,602,264 |
51.44% |
Loans & Advances to Customers |
12,332,390 |
8,814,308 |
39.91% |
Net Interest Income |
653,030 |
217,919 |
199.67% |
Fee and Commission Income |
108,712 |
49,674 |
118.85% |
Impairment Charge/(Reversal) |
20,572 |
-3,435 |
- |
Personnel Expenses |
275,700 |
82,087 |
235.86% |
Operating Profit |
280,011 |
124,578 |
124.77% |
Profit/(Loss) for the Year |
196,810 |
40,757 |
382.89% |
Total Comprehensive Income |
201,479 |
43,405 |
364.19% |
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
112,951 |
- |
- |
Capital Adequacy Ratio (CAR) |
14.54 |
14.38 |
1.11% |
NPL |
1.53 |
0.34 |
350.00% |
CCD (as per NRB Directives) |
68.76 |
74.39 |
-7.57% |
Cost of Fund (%) |
7.25 |
9.07 |
-20.07% |
Base Rate (%) |
9.75 |
12.19 |
-20.02% |
EPS (In Rs.) |
10.85 |
3.56 |
204.72% |
Net Worth per Share (In Rs.) |
122.86 |
127.55 |
-3.67% |
Qtr End PE Ratio (times) |
16.12 |
- |
- |
Qtr End Market Price* |
175 |
- |
- |
Price to Book (PB Ratio) |
1.42 |
- |
- |