Mahalaxmi Bikas Bank Reports 24.52% Growth in Q4 Net Profit; EPS Rises to Rs 11.27 While Distributable Profit Stood at Rs 17.71 Crores
Mon, Aug 5, 2024 9:36 AM on Latest, Financial Analysis, Company Analysis,
Mahalaxmi Bikas Bank (MLBL) has released its unaudited financial statement for the fourth quarter of the fiscal year 2080/81, highlighting a significant 24.52% increase in net profit, reaching Rs 47.01 Crores. This is up from Rs 37.75 Crores in the same period the previous fiscal year.
The bank's financial standing includes a paid-up capital of Rs 4.17 Arba, retained earnings of Rs 17.71 Crores, and reserves totaling Rs 2.34 Arba.
The bank's net interest income saw a slight decrease of 0.74%, but impairment charges were reduced by 26.98%. Deposits grew by 7.21%, totaling Rs 55.21 Arba, while loans and advances surged by 8.86%, reaching Rs 40.43 Arba.
The annualized earnings per share (EPS) increased to Rs 11.27. The price-earnings (P/E) ratio stands at 31.23 times, and the net worth per share is reported at Rs 160.44. Additionally, the bank disclosed a distributable profit of Rs 17.71 Crores.
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Mahalaxmi Bikas Bank | ||
|---|---|---|---|
| Q4 2080/81 | Q4 2079/80 | Difference | |
| Paid Up Capital | 4,171,318.60 | 4,171,318.60* | 0.00% |
| Share Premium | 0.00 | 0.00 | - |
| Retained Earnings | 177,137.73 | 267,191.34* | -33.70% |
| Reserves | 2,343,818.81 | 2,006,588.95* | 16.81% |
| Deposits | 55,210,282.74 | 51,496,433.22* | 7.21% |
| Loans & Advances | 40,433,740.56 | 37,142,961.69* | 8.86% |
| Net Interest Income | 1,931,699.30 | 1,946,062.76 | -0.74% |
| Personnel Expenses | 705,777.16 | 680,994.17 | 3.64% |
| Impairment Charges/(Reversal) for loans and advances | 370,104.95 | 506,869.90 | -26.98% |
| Operating Profit | 677,509.72 | 570,855.02 | 18.68% |
| Net Profit | 470,141.17 | 377,554.93 | 24.52% |
| Distributable Profit | 177,137.73 | 267,191.34 | -33.70% |
| Capital Adequacy (%) | 15.01 | 13.43 | 11.76% |
| NPL (%) | 4.58 | 3.51 | 30.48% |
| Cost of Fund (%) | 7.03 | 9.18 | -23.42% |
| Annualized EPS (In Rs.) | 11.27 | 9.05 | 24.52% |
| Net Worth per Share (In Rs.) | 160.44 | 154.51 | 3.84% |
| Qtr End Market Price | 352 | - | - |
| Qtr end PE Ratio (times) | 31.23 | ||
