Mega Bank profit climbs by 30 percent in the second quarter

INVESTOPAPER

Mega Bank Nepal has published an unaudited second-quarter report of the fiscal year 2076/77.

The commercial bank has reported an increase in net profit by 30 percent as compared to the previous year’s corresponding quarter. Likewise, the net interest income has grown by 19.66 percent to 2.13 Arba in the second quarter.

With the current paid-up capital of 10.39 Arba, the company has the reserve and surplus amounting to Rs. 2.83 Arba. The deposits from the customers have grown by 1.96 percent in the six months period whereas the loans to customers have increased by 6.20 percent in the same period. The deposits from customers amount to 80.22 Arba while the loans to customers amount to  74.19 Arba. However, these do not include the transaction to other BFIs.

The non-performing loan has grown by 23.14 percent to 1.49 percent. On the other hand, the base rate has declined by 9.88 percent to 9.76 percent. The company has an annualized earning per share (EPS) of Rs. 18.29 whereas the net worth per share stands at Rs. 127.25. The distributable profit of the company stands at Rs. 62.69 crores until the second quarter.

See the financial highlights of the company below.

FINANCIAL HIGHLIGHTS OF MEGA BANK NEPAL LIMITED, 2nd QUARTER 2076/77

HEADINGS 2nd QTR, 2076/77 4th QTR, 2075/76 PERCENT CHANGE
PAID-UP CAPITAL (Rs. In Arba) 10.39 10.39 0.00
RESERVE & SURPLUS (Rs. In Arba) 2.83 3.12 -9.29
DEPOSITS from Customers(Rs. In Arba) 80.22 78.68 1.96
LOANS To Customers(Rs. In Arba) 74.19 69.86 6.20
HEADINGS 2nd QTR, 2076/77 2nd QTR, 2075/76 PERCENT CHANGE
NET INTEREST INCOME (Rs. In Arba) 2.13 1.78 19.66
PROFIT (Rs. In Arba) 0.95 0.73 30.14
DISTRIBUTABLE PROFIT (Rs. In Arba) 0.63
NON PERFORMING LOANS, NPL (%) 1.49 1.21 23.14
BASE RATE(%) 9.76 10.83 -9.88
EARNINGS PER SHARE, EPS (Rs.) 18.29
NETWORTH PER SHARE (Rs.) 127.25
MARKET PRICE PER SHARE (Rs.) [Poush end, 2076] 201
P/E RATIO 10.99

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.

Note: The share price, as well as the P/E ratio, is based on the data of Poush end, 2076. At current, the numbers may vary. 

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