Muktinath Bikas Bank’s Profit Plunges by 33 Percent
January 21, 2024 | Investopaper
Muktinath Bikas Bank Limited (MNBBL) has posted a net profit of Rs. 42 cores in the first six months of the current fiscal year 2080/81. This is almost 33 percent lower as compared the corresponding period of the previous fiscal year. During the same period of the last fiscal year, such profit stood at Rs. 62.62 crores.
The leading national level development bank has accumulated Rs. 112.31 Arba in deposits from customers which stands as the highest among the development banks. Likewise, the total loans floated by the bank is Rs. 96.29 Arba.
The annualized per share earnings (EPS) and per share net worth are at Rs. 11.92 and Rs. 137.03 respectively.
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Dividend History Of Muktinath Bikas Bank Limited (MNBBL)
See the financial performance of Muktinath Bikas Bank until the second quarter (Poush end) of the fiscal year 2080/81 in the table below:
Muktinath Bikas Bank (MNBBL): Second Quarterly (Q2) Report Summary, FY 2080/81
| Financial Indicators | Q2, F.Y. 2080/81 | Q4, F.Y. 2079/80 | Percent Change |
| Paid up capital (Rs.’Arba’) | 7.04 | 6.42 | 9.66 |
| Reserve and Surplus (Rs.’Arba’) | 2.61 | 2.94 | -11.22 |
| Deposits From Customers (Rs.’Arba’) | 112.31 | 116.44 | -3.55 |
| Loans & Advances To Customers (Rs.’Arba’) | 96.29 | 94.45 | 1.95 |
| Financial Indicators | Q2, F.Y. 2080/81 | Q2, F.Y. 2079/80 | Percent Change |
| Net Interest Income (Rs.’Arba’) | 2.08 | 2.04 | 1.96 |
| Impairment Charges (Rs.’crores’) | 78.63 | 44.17 | 78.02 |
| Operating Profit (Rs.’crores’) | 61.69 | 89.46 | -31.04 |
| Net Profit (Rs.’crores’) | 42 | 62.62 | -32.93 |
| Distributable Profit (Rs.’crores’) | -31.72 | – | |
| Non Performing Loans, NPL(%) | 2.51 | 0.98 | 156.12 |
| Base rate(%) | 10.98 | 12.65 | -13.20 |
| Earnings Per Share, EPS(Rs.) | 11.92 | ||
| Networth Per Share ( Rs.) | 137.03 | ||
| Market Price Per Share (Rs.) [Poush end, 2080 B.S.] | 384.5 | ||
| P/E Ratio | 32.26 |
Source: Unaudited Q2 Report, FY 2080/81
Note:
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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