NIFRA Publicizes Q4 Report with Overall Improvements Across Indicators; Net Profit at Rs. 1.45 Arba; Impairment Charges Increase 107.79%
Sun, Jul 23, 2023 7:38 AM on Financial Analysis, Latest,
Nepal Infrastructure Bank Limited (NIFRA) has published its fourth quarter report for the recently concluded financial year 2079-80 with an impressive increase of 42.71 percent amounting to Rs. 1.45 Arba up to the quarter in its Net profit compared to the corresponding quarter of the FY 2078-79.
The Net Interest Income of NIFRA has experienced a significant increase of 44.75 percent as well which totals to Rs. 2.22 Arba up to the fourth quarter in the past fiscal year.
The deposits have swelled considerably by 103.57 percent, which was Rs. 43.80 crores in the fourth quarter of FY 2078-79.
However, the impairment charges of NIFRA have increased sharply by 107.79 percent which sums to Rs. 27.85 crores up to the fourth quarter of the recently passed fiscal year.
The personnel expenses of the company have increased by 34.21 % from Rs. 23.98 crores up to Q4 end of FY 2078-79.
The Earnings per Share (EPS) of the company stands at Rs. 6.76, which too is a comparative improvement of 42.71 percent, with a Net worth per Share of Rs. 110.57.
Major Financial Highlights:
| Particulars (In Rs '000) | Nepal Infrastructure Bank Limited | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 21,600,000.00 | 21,600,000.00 | 0.00% |
| Reserves and Surplus | 2,283,254.00 | 1,733,460.00 | 31.72% |
| Deposits | 891,670.00 | 438,018.00 | 103.57% |
| Loans & Advances | 20,140,109.00 | 15,539,062.00 | 29.61% |
| Net Interest Income | 2,725,332.00 | 1,882,807.00 | 44.75% |
| Personnel Expenses | 321,928.00 | 239,868.00 | 34.21% |
| Impairment Charges | 278,541.00 | 134,050.00 | 107.79% |
| Operating Profit | 2,088,289.00 | 1,463,595.00 | 42.68% |
| Net Profit | 1,459,262.00 | 1,022,527.00 | 42.71% |
| Distributable Profit/ (Loss) Regulatory Adjustments | 1,054,978.00 | 805,162.00 | 31.03% |
| Capital Adequacy (%) | 94.63 | 112.22 | -15.67% |
| Cost of Fund (%) | 7.65 | 9.40 | -18.62% |
| EPS (In Rs.) | 6.76 | 4.73 | 42.71% |
| Net Worth per Share (In Rs.) | 110.57 | 108.03 | 2.36% |
| Qtr end PE Ratio (times) | 33.16 | - | - |
| Qtr End Market Price | 224 | - | - |
