Nabil Bank Posts Rs 3.20 Arba in Net Profit | Annualized EPS at Rs 23.74 [Q2 Report]
January 21, 2024 | Investopaper
Nabil Bank Limited has posted a net profit of Rs 3.20 Arba until the second quarter of the current fiscal year 2080/81. The net profit has decreased by 6 percent as compared to the corresponding period of the previous fiscal year. Last year, the bank had earned Rs. 3.41 Arba in the same period.
The fall in net profit is due to the impairment charge of Rs. 1.97 Arba.
Nabil Bank earned Rs. 8.24 Arba as the net interest income which stood at Rs. 7.83 Arba in the corresponding period of the previous year.
As of Poush’s end 2080 BS, Nabil Bank has a paid-up capital of Rs 27.05 Arba. Likewise, the total reserve and surplus stand at Rs. 28.25 Arba.
Likewise, the bank has collected Rs. 428.83 Arba as deposits from the customers and floated the loans of Rs. 362.87 Arba to the customers. (Note: This figure doesn’t include the deposits and loans to other BFIs. So, the total deposits and loans will vary).
With the fall in profit, the annualized earnings per share (EPS) has declined to Rs. 23.74. Likewise, the per share net worth is Rs. 204.43.
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The second-quarterly report is also summarized in the table below:
Nabil Bank Limited: 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’) | 27.05 | 27.05 | 0.00 |
| Reserve and Surplus (Rs.’Arba’) | 28.25 | 29.85 | -5.36 |
| Deposits From Customers (Rs.’Arba’) | 428.83 | 396.84 | 8.06 |
| Loans & Advances To Customers (Rs.’Arba’) | 362.87 | 331.12 | 9.59 |
| Financial Indicators | Q2, F.Y. 2080/81 | Q2, F.Y. 2079/80 | Percent Change |
| Net Interest Income (Rs.’Arba’) | 8.24 | 7.83 | 5.24 |
| Impairment Charges (Rs.’Arba’) | 1.97 | 1.88 | 4.79 |
| Operating Profit (Rs.’Arba’) | 4.56 | 4.86 | -6.17 |
| Net Profit (Rs.’Arba’) | 3.2 | 3.41 | -6.16 |
| Distributable Profit (Rs.’Arba’) | 1.08 | – | |
| Non Performing Loans, NPL(%) | 3.8 | 2.98 | 27.52 |
| Base rate(%) | 9.07 | 10.1 | -10.20 |
| Earnings Per Share, EPS(Rs.) | 23.74 | ||
| Networth Per Share ( Rs.) | 204.43 | ||
| Market Price Per Share (Rs.) [Poush end, 2080 B.S.] | 505 | ||
| P/E Ratio | 21.27 |
Source: Unaudited Q2 Report, FY 2080/81
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.
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