NMB Bank’s Profit Surges By 88 Percent (Q3 Report)

April 28, 2021 | Investopaper

NMB Bank has published the unaudited third-quarter report of F.Y. 2077/78. The net profit has grown by 88 percent as compared to the corresponding quarter of the previous year. In the nine months of the current fiscal year, the bank has earned a net profit of Rs. 2.51 Arba. Last year, the company’s profit stood at Rs. 1.33 Arba until the third quarter.

The unaudited report is summarized in the table below:

NMB Bank Limited: Financial Highlights of 3rd Quarter, FY 2077/78

Financial Indicators	Q3, FY 2077/78	Q4, FY 2076/77	Percent Change
Paid up capital (Rs. ‘Arba’)	16.32	13.95	16.99
Reserve and Surplus (Rs. ‘Arba’)	7.39	6.98	5.87
Deposits From Customers (Rs. ‘Arba’)	155.35	131.66	17.99
Loans & Advances To Customers (Rs. ‘Arba’)	148.27	115.67	28.18

Financial Indicators	Q3, FY 2077/78	Q3, FY 2076/77	Percent Change
Net Interest Income (Rs. ‘Arba’)	4.30	4.29	0.23
Operating Profit (Rs. ‘Arba’)	3.61	1.93	87.05
Net Profit (Rs. ‘Arba’)	2.51	1.33	88.72
Distributable Profit (Rs. ‘Arba’)	2.27	–	–
Non Performing Loans, NPL(%)	1.97	2.48	-20.56
Base rate(%)	7.19	9.99	-28.03
Earnings Per Share, EPS(Rs.)	20.64
Networth Per Share ( Rs.)	145.32
Market Price Per Share (Rs.) [Chaitra end, 2077 BS]	437
P/E Ratio	21.17

Note:

The above figures are based on the un-audited 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.

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