NMB Bank profit rises by meager 5.91% in Q3; EPS and PE stands at Rs 19.35 and 15.14 times respectively
Wed, Apr 20, 2022 3:03 PM on Company Analysis, Latest,
NMB Bank has published a third-quarter report of FY 2078/79 and has announced an increase in net profit by 5.91% as compared to the preceding previous period.
It accumulated a net profit of Rs.2.66 Arba in Q3 which was Rs. 2.51 Arba in the same period of last fiscal year. Likewise, the bank has a distributable profit after statutory adjustments of Rs.1.32 Arba which can be distributed as a dividend to its shareholders.
The bank’s deposits from customers increased by 12.43% to Rs. 1.84 Kharba (compared to the immediate previous year ending) whereas loans and advances to customers increased by 17.82% to Rs. 1.77 kharba (compared to the immediate previous year ending) till the third quarter. The bank's Net Interest Income (core business income) has increased by a meager 2.74% to Rs. 4.42 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 18.36 Arba with Rs. 8.24 Arba in Reserve and surplus. The Non-performing loan (NPL) decline to 1.46% from 1.97%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 19.35 and Net worth per share stood at Rs. 145.11. The company traded at a P/E multiple of 15.14 times.
Major Highlights
*Q3 2077/78 figures are of immediate previous year ending
|
Particulars (In Rs '000") |
NMB Bank Limited |
||
|---|---|---|---|
|
Q3 2078/79 |
Q3 2077/78 |
Difference |
|
|
Share Capital* |
18,366,706 |
16,325,961 |
12.50% |
|
Share Premium* |
0 |
0 |
|
|
Retained Earnings* |
2,767,254 |
2,868,079 |
-3.52% |
|
Reserves* |
5,517,827 |
5,190,174 |
6.31% |
|
Deposits from Customers* |
184,938,607 |
164,489,286 |
12.43% |
|
Loans & Advances to Customers* |
177,924,735 |
151,014,124 |
17.82% |
|
Net Interest Income |
4,427,249 |
4,309,018 |
2.74% |
|
Impairment Charge/(Reversal) |
-266,671 |
-380,989 |
-30.01% |
|
Personnel Expenses |
1,936,110 |
1,611,721 |
20.13% |
|
Operating Profit |
3,785,385 |
3,617,619 |
4.64% |
|
Profit/(Loss) for the Year |
2,665,291 |
2,516,487 |
5.91% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
1,328,911 |
|
|
|
Capital Adequacy Ratio (CAR) |
14.10 |
13.28 |
6.17% |
|
NPL |
1.46 |
1.97 |
-25.89% |
|
Credit to Deposit Ratio (CD Ratio) |
87.53 |
90.6 |
-3.39% |
|
Cost of Fund (%) |
6.11 |
5.37 |
13.78% |
|
Interest Rate Spread (%) |
3.54 |
3.37 |
5.04% |
|
Base Rate (%) |
8.96 |
7.13 |
25.67% |
|
EPS (In Rs.) |
19.35 |
20.55 |
-5.85% |
|
Net Worth per Share (In Rs.) |
145.11 |
149.36 |
-2.85% |
|
Qtr End PE Ratio (times) |
15.14 |
- |
- |
|
Qtr End Market Price |
293 |
- |
- |
