Nabil Bank Q3 Net Profit Dips by 8.76% to Rs 4.66 Arba; EPS at Rs 23, Distributable Profit Rs. 1.54 Arba
Fri, Apr 19, 2024 11:50 AM on Latest, Financial Analysis, Company Analysis,
Nabil Bank Limited (NABIL) has unveiled its third-quarter fiscal report for 2080/81, indicating an 8.76% decline in net profit, amounting to Rs 4.66 Arba.
The bank maintains a total paid-up capital of Rs. 27.05 Arba and reserves of Rs. 27.78 Arba, with retained earnings standing at Rs 1.54 Arba.
Throughout the quarter, NABIL witnessed substantial growth in deposits, totaling Rs 4.40 Kharba, and loans and advances to customers, reaching Rs 3.68 Kharba. Notably, there was a 3.72% rise in Net Interest Income, reaching Rs. 12.55 Arba. However, expenditures, including personnel costs of Rs. 3.75 Arba, and a slight decrease of 2.87% in impairment charges to Rs. 3.23 Arba, were observed.
Financial metrics for the third quarter reflect an annualized EPS of Rs 23 and a net worth per share of Rs 208.39. Despite these positive indicators, Non-Performing Loans (NPL) saw a spike to 4.04%. Additionally, the bank disclosed a distributable profit of Rs. 1.54 Arba.
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Nabil Bank Limited | ||
|---|---|---|---|
| Q3 2080/81 | Q3 2079/80 | Difference | |
| Paid Up Capital | 27,056,997.00 | 27,056,997.00* | 0.00% |
| Share Premium | 0.00 | 0.00 | - |
| Retained Earnings | 1,547,086.00 | 3,187,059.00* | -51.46% |
| Reserves | 27,780,508.00 | 26,668,622.00* | 4.17% |
| Deposits | 440,436,431.00 | 396,843,499.00* | 10.98% |
| Loans & Advances | 368,756,617.00 | 331,123,171.00* | 11.37% |
| Net Interest Income | 12,551,367.00 | 12,101,158.00 | 3.72% |
| Personnel Expenses | 3,753,405.00 | 2,452,802.00 | 53.03% |
| Impairment Charges | 3,235,943.00 | 3,331,712.00 | -2.87% |
| Operating Profit | 6,684,226.00 | 7,486,653.00 | -10.72% |
| Net Profit | 4,668,029.00 | 5,116,174.00 | -8.76% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 1,547,086.00 | 1,772,095.00 | - |
| Capital Adequacy (%) | 12.01 | 12.34 | -2.67% |
| NPL (%) | 4.04 | 3.87 | 4.39% |
| Cost of Fund (%) | 6.51 | 8.16 | -20.22% |
| Annualized EPS (In Rs.) | 23.00 | 25.21 | -8.76% |
| Net Worth per Share (In Rs.) | 208.39 | 210.34 | -0.93% |
| Qtr end PE Ratio (times) | 19.04 | ||
| Qtr End Market Price | 438 | - | |
