Mahalaxmi Bikas Bank's Deposit and lending increases by cent percent; Earns Rs 33.69 crores as Net Profit

Mahalaxmi Bikas Bank has published the report for 3rd quarter of the fiscal year 2074/75.

The company has earned a net profit of Rs 33.69 crores till the end of 3rd quarter. The net profit was Rs 21.71 crores in the corresponding quarter of the previous fiscal year. This accounts for a tremendous growth of 55.15%. MLBL now has an eps of Rs 17.06

A massive growth is seen both in the interest income and interest expense of the company. The interest income has surged to Rs 2.25 arba, recording a growth of 140%. Interest expense too has grown by massive 168.6% to Rs 1.54 arba. The net interest income has inflated by 95.29% to Rs 71.89 crores. 

Company’s operating profit has increased by 58.04% to Rs 17.10 crores.

Deposit Collection has surged to Rs 25.11 arba, up from 12.30 arba last year showing a growth of 104%. Company's lending has increased by 108% to Rs 21.64 arba.   

This company is a national level development bank with a capital of 2.6 arba now. This is formed after the merger  between Mahalaxmi Finance Limited, Malika Bikas Bank Limited, and Siddhartha Finance Limited. 

Positive Sides:

• Aboveaverage growth in Net Profit. 
• Tremendously Balanced growth in deposit and lending. 
• Earning per share of Rs 17.06 
• Adequate Capital with CAR 15.31%
• Hefty Reserves of 1.91
• Rising operating profit

Negative Sides:

• High NPL of 3.97%
• High Base rate for lending

Key Ratios:

EPS                : 17.06
Networth        : Rs 145.24
Cost of Fund  : 8.63%
NPL                : 3.97%