What Fueled The Bottom Line Of Mahalaxmi Bikas Bank Limited In Q2?
Fri, Jan 21, 2022 8:34 AM on Latest, Company Analysis,
Mahalaxmi Bikas Bank Limited (MLBL) has published its second-quarter report for the FY 2078/79 with a rise in net profit by 31.55%.
The bank’s profit has increased from Rs 34.68 crore in the second quarter of the fiscal year 2077/78 to Rs 45.62 crore in the second quarter of the fiscal year 2078/79. In the same quarter, the bank has Rs 27.50 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposits from customers have a growth rate of 4.82% to Rs 40.47 arba and loans and advances to customers have increased by 12.18% to Rs 33.77 arba till the second quarter.
The net interest income of the bank has increased by 1.65% to Rs 68.04 crores from Rs 84.84 crores of the corresponding quarter. Despite stagnant core business revenue, the net profit increased by 31.55% because the company had higher other operating income compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs 3.34 arba with Rs 2.62 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has decreased to 2.89% from 4.79%.
The EPS of the bank stands at Rs 27.30. The net worth per share stands at Rs 178.4. The company traded at a P/E ratio of 19.60 times.
Financial Highlights:
|
Particulars |
Mahalaxmi Bikas Bank Limited |
||
|---|---|---|---|
|
Q2, 2078/2079 |
Q2, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
3,342,402.73 |
3,342,402.73 |
- |
|
Reserve & Surplus |
2,620,433.36 |
2,164,140.55 |
21.08% |
|
Deposit from Customers |
40,470,365.11 |
38,609,249.97 |
4.82% |
|
Loans & Advances |
33,772,637.39 |
30,106,374.36 |
12.18% |
|
Net Interest Income |
862,434.84 |
848,441.92 |
1.65% |
|
Impairment Charge/(Reversal) for loans |
-35,626.95 |
128,156.11 |
- |
|
Operating Profit |
680,451.77 |
481,369.70 |
41.36% |
|
Net Profit |
456,292.81 |
346,871.25 |
31.55% |
|
Capital Adequacy (%) |
13.27% |
14.38% |
- |
|
NPL (%) |
2.89% |
4.79% |
- |
|
Cost of fund (%) |
7.13% |
6.01% |
- |
|
EPS (Rs.) |
27.30 |
20.76 |
- |
|
Net worth per share (Rs.) |
178.40 |
164.75 |
- |
|
Qtr end PE ratio (Times) |
19.60 |
- |
- |
|
Qtr End Market Price |
535.1 |
- |
- |
