In the fiscal year 2077/78, Mahalaxmi Bikas Bank Limited (MLBL) declared a net profit of Rs 73.29 crores. According to the unaudited fourth quarter report, profit increased by an astonishing 71 percent when compared to the same period the previous fiscal year. In fiscal year 2076/77, the bank earned Rs 42.85 crores.
The increase in profit is attributed to an increase in the bank’s net trading and other operating income. MLBL earned around Rs 33 crores in net trading and other operating income. In the previous year, such income amounted to Rs 3.8 crores.
Similarly, the bank generated Rs 156.73 crores in net interest revenue, a 1.50 percent increase over the previous year.
Mahalaxmi Bikas Bank had received Rs 38.60 Arba in deposits from consumers as of Ashad’s end 2078 BS. Similarly, it has issued Rs 29.43 Arba in loans and advances to customers.
The paid-up capital was Rs 3.34 Arba, with a reserve and surplus of Rs 2.16 Arba.
With the increase in profit, the annualised EPS is now Rs 21.90, with a per share networth of Rs 164.75.
The table below contains a condensed version of the quarterly report.
Report Summary (Q4, FY 2077/78) of Mahalaxmi Bikas Bank Limited
|Financial Indicators||Q4, FY 2077/78||Q4, 2076/77||Percent Change|
|Paid up capital(Rs.’Arba’)||3.34||3.07||8.79|
|Reserve and Surplus(Rs.’Arba’)||2.16||1.71||26.32|
|Deposits From Customers (Rs.’Arba’)||38.6||36.97||4.41|
|Loans & Advances To Customers (Rs.’Arba’)||29.43||30.1||-2.23|
|Net Interest Income(Rs.’crores’)||156.73||154.41||1.50|
|Operating Profit (Rs.’crores’)||102.34||60.99||67.80|
|Net Profit (Rs.’crores’)||73.29||42.85||71.04|
|Distributable Profit (Rs.’crores’)||56.38||–||–|
|Non Performing Loans, NPL(%)||3.32||2.8||18.57|
|Earnings Per Share, EPS(Rs.)||21.93|
|Networth Per Share ( Rs.)||164.75|
|Market Price Per Share (Rs.) [Ashad’s end, 2078 BS]||445|
Please note that the data presented above are based on the respective company’s unaudited quarterly report. When making investing selections, investors should consider other factors in addition to this study. The figures may change following the final audit.