January 21, 2021 | Investopaper
Muktinath Bikas Bank Limited (MNBBL) has delivered a strong performance in the first six months of the current fiscal year 2077/78. The leading national level development bank has accumulated Rs. 74.87 Arba in deposits from customers which stands as the highest among the development banks. Likewise, the total loans floated by the bank is Rs. 58.27 Arba. The loans figure also tops all other development banks.
The deposits and loans have grown by 30.64 percent and 22.26 percent respectively in a period of six months. With a huge capital of Rs. 4.81 Arba, the bank is marching towards its vision to reach Rs. 8 Arba capital.
With outstanding business growth, Muktinath Bikas Bank has earned Rs. 61.56 crores as the net profit in the first six months. This is 30 percent higher than the previous year’s corresponding quarter. The distributable profit stood at Rs. 52.55 crores.
The per share earnings (EPS) and per share net worth are at a satisfactory Rs. 25.59 and Rs. 130.42 respectively.
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See the financial performance of Muktinath Bikas Bank until the second quarter (Poush end) of the fiscal year 2077/78 in the table below:
Muktinath Bikas Bank Second Quarter Report Summary, FY 2077/78
|Financial Indicators||Q2, FY 2077/78||Q4, 2076/77||Percent Change|
|Paid up capital(Rs.’Arba’)||4.81||4.32||11.34|
|Reserve and Surplus(Rs.’Arba’)||1.46||1.49||-2.01|
|Deposits From Customers (Rs.’Arba’)||74.87||57.31||30.64|
|Loans & Advances To Customers (Rs.’Arba’)||58.27||47.66||22.26|
|Financial Indicators||Q2, FY 2077/78||Q2, 2076/77||Percent Change|
|Net Interest Income(Rs.’crores’)||116.24||109.87||5.80|
|Operating Profit (Rs.’crores’)||86.52||67.49||28.20|
|Net Profit (Rs.’crores’)||61.56||47.25||30.29|
|Distributable Profit (Rs.’crores’)||52.55||0||–|
|Non Performing Loans, NPL(%)||0.3||0.11||172.73|
|Earnings Per Share, EPS(Rs.)||25.59|
|Networth Per Share ( Rs.)||130.42|
|Market Price Per Share (Rs.) [Ashwin end, 2077]||377|
The above figures are based on the unaudited second-quarter report published by the Muktinath Bikas Bank. 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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