Machhapuchchhre Bank Records Improvements in Overall Financial Indicators; Distributable Profit per Share at an Impressive Rs. 15.29
Wed, Aug 2, 2023 7:56 AM on Financial Analysis, Latest,
Machhapuchchhre Bank Limited (MBL) has published its fourth-quarter report for the recently concluded financial year 2079-80 with almost a 10 percent increase in Net Profits totaling Rs. 1.85 Arba as of the end of the FY. Up to the corresponding quarter of the fiscal year 078-79, the company had profited Rs. 1.68 Arba.
Both Net Interest Income (core business revenue) and Operating profits of the commercial bank have increased by 10.43 percent and 9.91 percent as of the last quarter of FY 079-80. The company through its core revenue stream has earned Rs. 5.38 Arba, while its Operating Profit up to the fourth quarter stands at Rs. 2.69 Arba.
However, the company has incurred Rs. 82 crores in impairment charges as of the last quarter of FY 2079-80.
The company has Rs. 1.56 Arba in the form of distributable profits for its shareholders. In addition, the distributable profits per share too have spiked significantly and stood at Rs. 15.29.
The Earnings per Share (EPS), as well as the Net worth per Share of the company, has improved considerably by 9.75 and 12.68 percent, respectively with the former at Rs. 18.05 and the latter at Rs. 159.13.
MBL has Rs. 10.25 Arba as paid-up capital, while it maintains Rs. 6.06 in the form of reserves and surplus (share premium+ reserves + retained earnings), which puts the commercial bank in good financial standing.
| Particulars (In Rs '000) | Machhapuchchhre Bank Limited | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 10,257,155.58 | 10,257,155.58 | 0.00% |
| Share Premium | 30,881.77 | 30,881.77 | 0.00% |
| Retained Earnings | 1,568,744.94 | 597,244.91 | 162.66% |
| Reserves | 4,465,229.17 | 3,600,488.87 | 24.02% |
| Deposits | 154,179,631.82 | 145,026,049.85 | 6.31% |
| Loans & Advances | 126,465,910.40 | 128,573,150.75 | -1.64% |
| Net Interest Income | 5,386,685.27 | 4,878,044.38 | 10.43% |
| Personnel Expenses | 2,155,837.86 | 1,923,717.85 | 12.07% |
| Impairment Charges | 820,032.07 | 501,232.78 | 63.60% |
| Operating Profit | 2,698,335.35 | 2,455,113.26 | 9.91% |
| Net Profit | 1,851,156.89 | 1,686,655.25 | 9.75% |
| Distributable Profit | 1,568,744.94 | 597,244.91 | 162.66% |
| Distributable profit per share | 15.29 | 5.82 | 162.71% |
| Capital Adequacy (%) | 13.57 | 13.36 | 1.57% |
| Cost of Fund (%) | 8.07 | 7.75 | 4.13% |
| EPS (In Rs.) | 18.05 | 16.44 | 9.75% |
| Net Worth per Share (In Rs.) | 159.13 | 141.23 | 12.68% |
| Qtr end PE Ratio (times) | 12.84 | - | - |
| Qtr End Market Price | 231.8 | - | - |
