NMB Bank Reports 18.94% Rise in Net Profit to Rs 1.14 Arba, Annualized EPS at Rs 24.95, with Impairment Reversal
Wed, Oct 23, 2024 7:46 AM on Latest, Financial Analysis, Company Analysis,
NMB Bank Limited (NMB) has reported a notable 18.94% increase in net profit for the first quarter of FY 2081/82, reaching Rs 1.14 Arba. The bank's total paid-up capital stands at Rs 18.36 Arba, complemented by reserves of Rs 10.86 Arba and retained earnings of Rs 1.06 Arba.
During this quarter, total deposits experienced significant growth, rising by 10.10% to Rs 2.46 Kharba, while loans and advances to customers amounted to Rs 2.06 Kharba. However, Net Interest Income saw a decrease of 10.42%, totaling Rs 1.99 Arba. Personnel expenses were recorded at Rs 73.94 Crores, while the bank benefited from an impairment reversal of Rs 37,039.
Key financial metrics for the bank include an annualized Earnings Per Share (EPS) of Rs 24.95 and a net worth per share of Rs 164.95. Despite an increase in Non-Performing Loans (NPL) to 3.63%, NMB Bank reported a distributable profit of Rs 1.06 Arba.
* Figures are of Immediate Previous Year Quarter Ending
Major Highlights:
| Particulars (In Rs '000) | NMB Bank Limited | ||
|---|---|---|---|
| Q1 2081/82 | Q1 2080/81 | Difference | |
| Paid Up Capital | 18,366,706.00 | 18,366,706.00* | 0.00% |
| Retained Earnings | 1,066,762.00 | 783,097.00* | 36.22% |
| Reserves | 10,863,093.00 | 9,894,492.00* | 9.79% |
| Deposits | 246,558,478.00 | 223,942,592.00* | 10.10% |
| Borrowings | 10,691,520.00 | 11,552,656.00* | -7.45% |
| Loan and advances to Customers | 206,454,551.00 | 194,421,076.00* | 6.19% |
| Net Interest Income | 1,997,934.00 | 2,230,432.00 | -10.42% |
| Personnel Expenses | 739,414.00 | 675,828.00 | 9.41% |
| Impairment Charges | -37,039.00 | 480,169.00 | - |
| Operating Profit | 1,748,681.00 | 1,381,925.00 | 26.54% |
| Net Profit | 1,145,603.00 | 963,209.00 | 18.94% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 1,066,762.00 | 1,084,502.00 | -1.64% |
| Capital Adequacy (%) | 12.90 | 12.85 | 0.39% |
| NPL% | 3.63 | 2.84 | 27.82% |
| Cost of Fund (%) | 5.76 | 7.94 | -27.46% |
| Annualized EPS (In Rs.) | 24.95 | 20.98 | 18.94% |
| Net Worth per Share (In Rs.) | 164.95 | 158.14 | 4.31% |
| Qtr end PE Ratio (times) | 11.22 | ||
| Qtr End Market Price | 280 | - | - |
