Machhapuchchhre Bank Reports 21 Percent Drop in Net Profit [Q2 Report]
January 19, 2024 | Investopaper
Machhapuchchhre Bank Limited (MBL) has published the second quarterly report of the current fiscal year 2080/81. The bank has earned a net profit of Rs. 80.53 crores, which is 21.57 percent lower than the same period of the previous year. Last year, the bank had earned a profit of Rs. 102.52 crores in the first 6 months.
At the current capital of Rs. 11.62 Arba, the profit translates into an annualized EPS of Rs. 13.86. The per-share net worth of the bank is Rs. 145.
The deposits from customers fell by 1.1 percent to Rs. 152.48 Arba in the first 6 months. Likewise, the bank’s loan to customers has expanded by 3 percent to Rs. 129.91 Arba.
The distributable profit stands at negative Rs. 25 crores in the 6 months.
The second-quarterly report of Machhapuchchhre Bank is summarized in the table below:
Machhapuchchhre Bank(MBL): Second Quarterly (Q2) Report, Fiscal Year 2080/81
| Financial Indicators | Q2, FY 2080/81 | Q4, FY 2079/80 | Percent Change |
| Paid up capital(Rs.’Arba’) | 11.62 | 10.25 | 13.37 |
| Reserve and Surplus(Rs.’Arba’) | 5.22 | 5.89 | -11.38 |
| Deposits From Customers (Rs.’Arba’) | 152.48 | 154.17 | -1.10 |
| Loans & Advances To Customers (Rs.’Arba’) | 129.91 | 126.13 | 3.00 |
| Financial Indicators | Q2, FY 2080/81 | Q2, FY 2079/80 | Percent Change |
| Net Interest Income (Rs.’Arba’) | 2.63 | 2.79 | -5.73 |
| Operating Profit (Rs.’Arba’) | 1.27 | 1.47 | -13.61 |
| Net Profit (Rs.’Arba’) | 0.8 | 1.02 | -21.57 |
| Distributable Profit (Rs.’Arba’) | -0.25 | ||
| Non Performing Loans, NPL(%) | 2.62 | 1.41 | 85.82 |
| Base rate(%) | 9.78 | 11.39 | -14.14 |
| Earnings Per Share, EPS(Rs.) | 13.86 | ||
| Networth Per Share ( Rs.) | 145 | ||
| Market Price Per Share (Rs.) [Poush end, 2080 BS] | 203 | ||
| P/E Ratio | 14.65 |
Source: Unaudited Q2 Report, FY 2080/81
Note:
The above figures are based on the unaudited second-quarter report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
