Muktinath Bikas Bank Achieves 8.13% Increase in Q3 Net Profit; EPS at Rs. 16.50, Impairment Charges Decrease by 6.40%
Fri, Apr 19, 2024 12:50 PM on Latest, Financial Analysis, Company Analysis,
Muktinath Bikas Bank Limited (MNBBL) has recently disclosed its unaudited financial statement for the third quarter of the fiscal year 2080/81, revealing positive indicators of growth.
The bank maintains a total paid-up capital of Rs. 7.04 Arba and reserves of Rs. 3.05 Arba, with retained earnings standing at Rs 1.02 Crores.
During the third quarter of the ongoing fiscal year, the bank achieved a net profit of Rs. 87.18 Crores, marking a commendable growth of 8.13% compared to the same period in the previous fiscal year when the net profit stood at Rs. 80.62 Crores.
Throughout the review period, MNBBL witnessed a 3.34% rise in net interest income and a notable decline of 6.40% in impairment charges. The bank reported a 9.60% rise in operating profit, reaching Rs. 1.26 Arba.
Furthermore, the bank's annualized earnings per share (EPS) reached Rs. 16.50, reflecting positively on its performance. The price-earnings (P/E) ratio for the bank currently stands at 20.79 times, and the net worth per share is reported at Rs. 143.48.
On a positive note, MNBBL has reported a distributable profit of Rs. 1.02 Crores.
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Muktinath Bikas Bank Limited | ||
|---|---|---|---|
| Q3 2080/81 | Q3 2079/80 | Difference | |
| Paid Up Capital | 7,046,938.05 | 6,420,900.27* | 9.75% |
| Retained Earnings | 10,286.13 | 673,938.06* | -98.47% |
| Reserves | 3,053,663.54 | 2,268,219.98* | 34.63% |
| Deposits | 110,405,509.07 | 116,449,870.95* | -5.19% |
| Loans & Advances | 92,856,384.54 | 94,456,965.95* | -1.69% |
| Net Interest Income | 3,130,394.16 | 3,029,200.30 | 3.34% |
| Personnel Expenses | 1,016,088.76 | 946,100.10 | 7.40% |
| Impairment Charges/(Reversal) for loans and advances | 729,155.97 | 779,030.33 | -6.40% |
| Operating Profit | 1,262,463.95 | 1,151,834.29 | 9.60% |
| Net Profit | 871,824.77 | 806,284.40 | 8.13% |
| Distributable Profit (Rs.) | 10,286.13 | -35,233.71 | - |
| Capital Adequacy (%) | 12.15 | 11.64 | 4.38% |
| Cost of Fund (%) | 7.46 | 10.21 | -26.93% |
| Annualized EPS (In Rs.) | 16.50 | 16.74 | -1.48% |
| Net Worth per Share (In Rs.) | 143.48 | 145.82 | -1.61% |
| Qtr end PE Ratio (times) | 20.79 | - | - |
| Qtr End Market Price | 343 | - | - |
