Himalayan Bank Q3 profit remains almost stagnant; Earns 1.61 arba in the first nine months

As per the 3rd quarter report, Himalayan Bank has earned a net profit of Rs 1.61 arba in the first nine months of the fy. It is merely 5% more then that earned in the previous year. It is a per share earning of Rs 26.48 

Himalayan Bank now has a paid-up capital of Rs 8.11 arba with a reserve of Rs 5.20 arba. Himalayan bank has a per share Networth of Rs 164.11. In terms of deposit, a minimal growth of 3.70 was seen as the company collects 96.32 arba in the review period. Similarly, company has extended a loan of Rs 85.45 arbe, which is 9.44% more then the last year. 

The net interest income of the company increased slightly by 5%, however a decline of 11% was seen in the opearting profit. A huge provisioning was done by the company which accounted for Rs 35.91 crores. 

 

Positive Sides :

• Decent Earning

Negative Sides :  

• Increase in NPL
• Decline in Operating Profit
• Net Profit almost stagnent 
• Slow growth in deposit, lending 

Key Indicators

Earning Per Share (EPS)  :Rs 26.48

P/E Ratio                           : 23.03 times 

Networth Per Share          : Rs 164.11 

P/B Ratio                           : 3.71 times

NPL                                   : 1.19