Muktinath Bikas Bank Reports Profit Above Rs 1 Arba [Q3 Report]
April 20, 2021 | Investopaper
Muktinath Bikas Bank Limited (MNBBL) has reported a net profit of Rs 1 Arba until the third quarter of the fiscal year 2077/78. The profit has surged by 48 percent as compared to the corresponding period of the previous fiscal year. The bank had earned Rs 67.60 crores until the third quarter of the last year.
As per the unaudited third quarterly report, the deposit collection (from customers) and loans and advances (to customers) has increased by more than 39 percent and 43 percent respectively. Until the Chaitra end 2077 BS, Muktinath Bikas Bank has collected Rs 79.9 Arba as deposits from customers. Likewise, it has floated Rs 68.57 Arba as loans and advances to customers. The paid-up capital has reached Rs 4.81 Arba.
With the rise in profit, the annualized EPS stood at Rs 27.87 while the per share networth is Rs 138.43.
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The table below presents the summarized version of the quarterly report.
Muktinath Bikas Bank Q3 Report, FY 2077/78
| Financial Indicators | Q3, FY 2077/78 | Q4, 2076/77 | Percent Change |
| Paid up capital(Rs.’Arba’) | 4.81 | 4.32 | 11.34 |
| Reserve and Surplus(Rs.’Arba’) | 1.84 | 1.43 | 28.67 |
| Deposits From Customers (Rs.’Arba’) | 79.9 | 57.31 | 39.42 |
| Loans & Advances To Customers (Rs.’Arba’) | 68.57 | 47.66 | 43.87 |
| Financial Indicators | Q3, FY 2077/78 | Q3, 2076/77 | Percent Change |
| Net Interest Income(Rs.’crores’) | 189.47 | 169.44 | 11.82 |
| Operating Profit (Rs.’crores’) | 142.24 | 96.57 | 47.29 |
| Net Profit (Rs.’crores’) | 100.56 | 67.6 | 48.76 |
| Distributable Profit (Rs.’crores’) | 82.87 | – | |
| Non Performing Loans, NPL(%) | 0.21 | 0.09 | 133.33 |
| Base rate(%) | 8.01 | 11.39 | -29.68 |
| Earnings Per Share, EPS(Rs.) | 27.87 | ||
| Networth Per Share ( Rs.) | 138.43 | ||
| Market Price Per Share (Rs.) [Chaitra end, 2077 BS] | 431 | ||
| P/E Ratio | 15.46 |
Note:
The above figures are based on the unaudited quarterly 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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