Nepal Infrastructure Bank Earns Profit of Rs 83.64 Crores in FY 2077/78

August 6, 2021 | Investopaper

Nepal Infrastructure Bank Limited (NIFRA) has earned a net profit of Rs 83.64 crores in the fiscal year 2077/78. Publishing the unaudited fourth quarterly report, the bank has reported a drop in profit by 1 percent as compared to the previous year. In the fiscal year 2076/77, the net profit of the bank stood at Rs 84.71 crores.

However, the operating profit has increased by 7 percent to Rs 1.18 Arba. In the 12 months period, the bank earned a net interest income of Rs 1.33 Arba. The distributable profit from fiscal year 2077/78 is Rs 65.85 crores.

As of Ashad’s end 2078 BS, Nepal Infrastructure Bank has a paid up capital of Rs 20 Arba with Rs 2.40 Arba in reserve and surplus.  The per share earnings (EPS) and net worth per share are Rs 5.34 and Rs 117 respectively.

The report of the fiscal year 2077/78 of Nepal Infrastructure Bank (NIFRA) is summarized in the table below:

Nepal Infrastructure Bank (NIFRA) Report Summary,  FY 2077/78

Financial Indicators Q4, FY 2077/78 Q4, 2076/77 Percent Change
Paid up capital(Rs.’Arba’) 20 12 66.67
Reserve and Surplus(Rs.’Arba’) 2.4 1.63 47.24
Deposits & Borrowing (Rs.’Arba’) 1.9 0.25 660.00
Loans & Advances (Rs.’Arba’) 2.27 0.57 298.25
Net Interest Income(Rs.’Arba’) 1.33 1.23 8.13
Operating Profit (Rs.’Arba’) 1.18 1.1 7.27
Net Profit (Rs.’Arba’) 0.83 0.84 -1.19
Distributable Profit (Rs.’Arba’) 0.65 0.6 8.33
Non Performing Loans, NPL(%)
Base rate(%)
Earnings Per Share, EPS (Rs.) 5.34 7.06 -24.36
Networth Per Share ( Rs.) 117
Market Price Per Share (Rs.) [Ashad end, 2078 BS] 492
P/E Ratio 92.13

Note:

The above figures are based on the unaudited 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.

Note: If you want to see the reports of other companies, Click Here.

About Nepal Infrastructure Bank (NIFRA)

Nepal Infrastructure Bank Limited (NIFRA) is a National Level Infrastructure Development Bank. Its main objective is to accelerate the development of infrastructure of the nation by Investing in sustainable infrastructure and other productive sectors.

The Bank obtained the operating license from Nepal Rastra Bank on February 11, 2019 (Magh 28, 2075). It started its commercial operation from March 6, 2019 (Falgun 22, 2075).

The major promoters of the Nepal Infrastructure Bank Limited (NIFRA) include Banks and Financial Institutions (BFIs), Life and Non-life Insurance companies and other private sector leading entities and team of entrepreneurs in joint participation with the Government of Nepal (GoN).

Mr. Anuj Agrawal is the chairman of the bank. Likewise, Mr. Anil Gyawali leads NIFRA as its Chief Executive Officer (CEO).


Related: Financial Analysis of Commercial Banks of Nepal [With Ranking]

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