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NIC Asia Bank’s profit decreases 18.51% in the third quarter; EPS stands at Rs 15.40 and Net worth at Rs 137.58

Thu, Apr 19, 2018 6:18 AM on Financial Analysis, Latest, Stock Market,
-ShareSansar

NIC Asia Bank Limited has registered decline in profit of 18.51 percent in the third quarter (Q3) of the fiscal year 2074/75.

According to the unaudited financial report published by the commercial bank today, its net profit has amounted to Rs. 92.67 crore in the third quarter from Rs. 1.13 arba in the corresponding quarter of the previous fiscal year.

NIC Asia Bank’s net interest income has risen to Rs 2.65 arba in Q3 of the current fiscal year as compared to Rs. 1.84 arba  in the corresponding quarter.

It has a paid up capital of Rs 8.03 arba with reserve of Rs 3.01 arba in Q3. The bank has collected of deposits of Rs 1.33 kharba in Q3, up from Rs.79.06 arba in the corresponding period last year.

Likewise, it has extended loans and advances of Rs. 1.08 kharba in Q3 whereas in the same period last year the figure stood at Rs.68.21 arba.

Its non-performing loan (NPL) declined to 0.22 percent in the current quarter from 0.46 percent in the previous year report. NIC Asia Bank’s Earning per Share (EPS) stands at Rs.15.40, net worth per share at Rs.137.58, and P/E ratio 20.97 times.

Major Highlights

Particulars (In Rs '000)

NICA

Q3 2074/75

Q3 2073/74

Difference

Paid Up Capital

8,031,117

6,357,991

26.32%

Reserve & Surplus

3,018,207

3,064,953

-1.53%

Deposits

133,726,590

79,061,097

69.14%

Borrowings

12,500

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Loans & Advances

108,963,614

68,215,294

59.73%

Net Interest Income

2,655,253

1,842,558

44.11%

Provision for possible losses

513,318

105,263

387.65%

Operating Profit

1,204,170

1,321,286

-8.86%

Net Profit

927,637

1,138,401

-18.51%

NPL (%)

0.22

0.46

-52.17%

Annualized EPS (In Rs.)

15.40

23.87

-35.49%

Net Worth per Share (In Rs.)

137.58

148.21

-7.17%

P/E Ratio (In times)

20.97

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