Machhapuchhre Bank Limited Reports Growth In Major Financial Indicators In Q3
Wed, Apr 20, 2022 5:28 AM on Company Analysis, Latest,
Machhapuchhre Bank Limited (MBL) has published its third-quarter report for the FY 2078/2079 with an increment in Net Profit by 20.24%. The bank's net profit has increased from Rs. 1.29 Arba in the third quarter of FY 2077/2078 to Rs. 1.55 Arba in the third quarter of FY 2078/2079.
In the same quarter, the bank has Rs 82.82 crores as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposits from customers increased by 7.19% to Rs. 1.41 kharba (compared to the immediate previous year ending) whereas loans and advances to customers increased by 15.50% to Rs. 1.31 kharba (compared to the immediate previous year ending) till the third quarter. The bank's Net Interest Income (core business income) has increased by 13.9% to Rs. 3.6 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 10.25 Arba with Rs. 4.06 Arba in Reserve and surplus. The Non-performing loan (NPL) remained at 0.87%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 20.17 and Net worth per share stood at Rs. 139.67. The company traded at a P/E multiple of 13.44 times.
Major Highlights:
|
Particulars |
Machhapuchhre Bank Limited |
||
|---|---|---|---|
|
Q3, 2078/2079 |
Q3, 2077/2078 |
Difference |
|
|
Share Capital |
10,257,155.58 |
9,053,094.58 |
13.30% |
|
Retained earnings |
828,299.06 |
1,271,636.27 |
-34.86% |
|
Reserves and Surplus |
3,240,711.21 |
2,539,401.33 |
27.62% |
|
Loans and Advances |
131,172,797.86 |
113,572,009.94 |
15.50% |
|
Deposit from Customers |
141,080,821.91 |
131,617,964.62 |
7.19% |
|
Net Interest Income |
3,602,866.14 |
3,163,189.58 |
13.90% |
|
Impairment charge/(Reversal) for loans |
240,981.63 |
158,130.56 |
- |
|
Operating Profit |
2,223,269.14 |
1,944,723.93 |
14.32% |
|
Net Profit |
1,551,772.62 |
1,290,612.97 |
20.24% |
|
Capital Adequacy Ratio (CAR) |
13.70% |
11.75% |
- |
|
Non-performing Loan (%) |
0.87% |
0.51% |
- |
|
Cost of Funds (%) |
7.56% |
5.10% |
- |
|
Base Rate (%) |
9.63% |
7.09% |
- |
|
CD Ratio (as per NRB Directives) |
89.13% |
85.73% |
- |
|
Annualized EPS (Rs.) |
20.17 |
19.01 |
- |
|
Net Worth per share (Rs.) |
139.67 |
142.10 |
- |
|
Price to Earnings (Times) |
13.44 |
- |
- |
|
Price to Book (Times) |
1.94 |
- |
- |
