Rise in Business Leads to Impressive 67.28% Rise in Net Profit of Nepal Infrastructure Bank's in Q3
Wed, Apr 19, 2023 6:18 AM on Financial Analysis, Latest,
Nepal Infrastructure Bank Limited (NIFRA) has published its Q3 report with a 67.28% growth in net profit. The net profit increased to Rs. 1.16 arba in this quarter from Rs. 59.45 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 21.6 Arba and reserve and surplus stood at Rs. 1.98 Arba till Q3.
The deposit from customers stood at Rs. 79.68 crores while loans and advances stood at Rs. 22.08 Arba. Placement with BFI’s stood at Rs. 2.28 Arba till Q3.
The net interest income (core business revenue) of the bank increased by 55.22% to Rs. 2 Arba in this quarter. The operating profit increased by 67.31% to Rs. 1.65 Arba.
The bank’s annualized EPS stood at Rs. 7.17 and net worth per share stood at Rs. 109.19. The company traded at a P/E multiple of 30.63 times.
Major Highlights:
| Particulars (In Rs '000") | Nepal Infrastructure Bank | ||
|---|---|---|---|
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Share Capital | 21,600,000 | 21,600,000 | 0.00% |
| Reserve and Surplus | 1,985,830 | 1,405,491 | 41.29% |
| Deposits | 796,851 | 400,192 | 99.12% |
| Loans & Advances | 22,084,062 | 11,946,611 | 84.86% |
| Net Interest Income | 2,004,402 | 1,291,316 | 55.22% |
| Impairment Charge/(Reversal) | 65,047 | 97,730 | -33.44% |
| Personnel Expenses | 250,543 | 164,281 | 52.51% |
| Operating Profit | 1,659,769 | 992,043 | 67.31% |
| Profit/(Loss) for the Year | 1,161,838 | 694,558 | 67.28% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 916,114 | ||
| Capital Adequacy Ratio (CAR) | 93.43 | 141.98 | -34.19% |
| NPL | 0 | 0 | |
| CD Ratio | 83.96 | 51.49 | 63.06% |
| Cost of Fund (%) | 7.65 | 9.4 | -18.62% |
| Annualized EPS (In Rs.) | 7.17 | 3.67 | 95.41% |
| Net Worth per Share (In Rs.) | 109.19 | 106.51 | 2.52% |
| Qtr End PE Ratio (times) | 30.63 | - | - |
| Qtr End Market Price | 219.7 | - | - |
