NIFRA Reports 5.98% Drop in Net Profit for Q4, 2080/81; EPS at Rs. 6.16
Mon, Jul 22, 2024 10:42 AM on Financial Analysis, Company Analysis, Latest,
Nepal Infrastructure Bank Limited (NIFRA) has disclosed its fourth-quarter fiscal report for 2080/81, revealing a 5.98% decrease in net profit, which fell to Rs. 1.33 Arba from Rs. 1.41 Arba compared to the corresponding quarter of the previous year.
The bank's financial standing remains with a total paid-up capital of Rs. 21.6 Arba and reserves and surplus amounting to Rs. 2.95 Arba.
NIFRA's core operations show deposits from customers standing at Rs. 82.98 crores and loans and advances reaching Rs. 20.86 Arba. A notable decline is observed in impairment charges, which decreased by 12.55%.
Key indicators of the bank's core business revenue reveal a 6.47% decrease in net interest income, amounting to Rs. 2.54 Arba in this quarter. Personnel expenses saw a decline of 9.38%, and operating profit experienced a substantial drop, decreasing by 5.87% to Rs. 1.9 Arba.
For the fourth quarter, NIFRA reported an EPS of Rs 6.16, with net worth per share standing at Rs 113.7.
| Particulars (In Rs '000) | Nepal Infrastructure Bank Limited | ||
|---|---|---|---|
| Q4 2080/81 | Q4 2079/80 | Difference | |
| Paid Up Capital | 21,600,000.00 | 21,600,000.00 | 0.00% |
| Reserves and Surplus | 2,958,879.00 | 2,239,467.00 | 32.12% |
| Deposits | 829,856.00 | 891,670.00 | -6.93% |
| Loans & Advances | 20,864,985.00 | 20,063,196.00 | 4.00% |
| Net Interest Income | 2,549,736.00 | 2,726,008.00 | -6.47% |
| Personnel Expenses | 284,803.00 | 314,280.00 | -9.38% |
| Impairment Charges | 310,849.00 | 355,455.00 | -12.55% |
| Operating Profit | 1,901,073.00 | 2,019,686.00 | -5.87% |
| Net Profit | 1,330,593.00 | 1,415,206.00 | -5.98% |
| Distributable Profit | 707,237.00 | 984,405.00 | -28.16% |
| Capital Adequacy (%) | 94.78 | 92.75 | 2.19% |
| Cost of Fund (%) | 7.53 | 7.65 | -1.57% |
| EPS (In Rs.) | 6.16 | 6.55 | -5.98% |
| Net Worth per Share (In Rs.) | 113.70 | 110.37 | 3.02% |
| Qtr end PE Ratio (times) | 37.01 | - | - |
| Qtr End Market Price | 228 | - | - |
