Muktinath Bikas Bank Discloses 25 Percent Fall in Net Profit [Q1 Report]

November 3, 2023 | Investopaper

Muktinath Bikas Bank Limited (MNBBL), the leading development bank of Nepal, has published the first quarterly report of the fiscal year 2080/81. The bank has posted a net profit of Rs. 22.88 crores until the first quarter. This is a fall of 25.57 percent in net profit from the corresponding period of the last fiscal year.

The bank earned a net interest income of Rs. 104.41 crores until the first quarter of this fiscal year.

With the capital of Rs. 6.42 Arba, Muktinath Bikas Bank has a total reserve and surplus of Rs. 3.2 Arba. Up to the first quarter, the bank has a total deposit collection of Rs. 115.99 Arba and floated loans of Rs. 96.74 Arba.

The non-performing loan (NPL) has increased to 1.49 percent while the base rate has dropped to 11.47 percent.

Based on the first-quarterly report, Muktinath Bikas Bank has an annualized EPS of Rs. 14.25 with a per-share net worth of Rs. 149.9.

The first-quarter report of Muktinath Bikas Bank is also summarized in the table below:

Muktinath Bikas Bank Limited (MNBBL): First Quarterly Report, FY 2080/81

Financial Indicators	Q1, F.Y. 2080/81	Q4, F.Y. 2079/80	Percent Change
Paid-up capital (Rs. ‘Arba’)	6.42	6.42	0.00
Reserve and Surplus (Rs. ‘Arba’)	3.2	3.01	6.31
Deposits From Customers (Rs. ‘Arba’)	115.99	116.44	-0.39
Loans & Advances To Customers (Rs. ‘Arba’)	96.74	94.75	2.10

Financial Indicators	Q1, F.Y. 2080/81	Q1, F.Y. 2079/80	Percent Change
Net Interest Income (Rs. ‘Crores’)	104.41	102.39	1.97
Operating Profit (Rs. ‘Crores’)	34.24	43.91	-22.02
Net Profit (Rs. ‘Crores’)	22.88	30.74	-25.57
Distributable Profit (Rs. ‘Crores’)	40.44	–	–
Non Performing Loans, NPL(%)	1.49	0.77	93.51
Base rate (%)	11.47	12.42	-7.65
Earnings Per Share, EPS (Rs.)	14.25
Networth Per Share (Rs.)	149.9
Market Price Per Share (Rs.) [Ashwin end, 2080 BS]	372.3
P/E Ratio	26.13

Source: Unaudited Q1 report, FY 2080/81

Note:

The above figures are based on the unaudited first-quarterly 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.

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