Category: Articles & Updates

  • Mountain Energy Nepal Limited (MEN) Records Marginal 1.63% Dip in Q2 Net Profit, Power Sales Revenue Slightly Decreases by 1.18%

    Mountain Energy Nepal Limited (MEN) Records Marginal 1.63% Dip in Q2 Net Profit, Power Sales Revenue Slightly Decreases by 1.18%


    In the second quarter of the fiscal year 2080/81, Mountain Energy Nepal Limited (MEN) experienced a marginal decline in net profit, registering a decrease of 1.63%. The net profit for this quarter amounted to Rs. 35 crores, down from Rs. 35.58 crores in the same quarter of the previous fiscal year.

    The company’s revenue derived from power sales during this quarter totaled Rs. 73.52 crores, reflecting a modest decrease of 1.18% compared to the corresponding quarter in the previous year. MEN’s power sales revenue is predominantly generated by two projects, namely the Tadi Khola Project (5 MW) and the Mistri Khola Project (42 MW). Notably, the Tadi Khola Project invoiced Rs. 86,606,726, and the Mistri Khola Project invoiced Rs. 657,610,049 to the Nepal Electricity Authority during this period, following the terms outlined in the Power Purchase Agreement (PPA).

    Key financial highlights for MEN include retained earnings at Rs. 1.52 Arba and share capital standing at Rs. 1.96 Arba. The annualized earnings per share (EPS) is reported at Rs. 35.58, and the net worth per share stands at Rs. 177.32.

    The provided table summarizes various financial indicators for MEN in the second quarters of 2080/81 and 2079/80. Noteworthy figures include administrative expenses showing a decrease of 8.71%, finance expenses decreasing by 8.78%, and a net worth per share increase of 11.69%. The quarter-end price-to-earnings (PE) ratio is reported at 18.41 times, and the quarter-end market price stood at Rs. 655.

  • Support Laghubitta Bittiya Sanstha Limited (SMB) Reports Impressive Q2 Fiscal Performance with 246.82% Surge in Net Profit

    Support Laghubitta Bittiya Sanstha Limited (SMB) Reports Impressive Q2 Fiscal Performance with 246.82% Surge in Net Profit


    In the recently disclosed second-quarter fiscal report for the year 2080/2081, Support Laghubitta Bittiya Sanstha Limited (SMB) exhibited a remarkable financial performance, witnessing a substantial 246.82% increase in net profit. The net profit surged from Rs. 24.91 lakhs to Rs. 86.42 lakhs when compared to the corresponding quarter of the previous year. Despite a 5.39% decline in core revenue, specifically net interest income, which decreased to Rs. 2.93 crores from Rs. 3.1 crores in the same quarter last year, SMB managed to achieve noteworthy growth in its net profits.

    Borrowings for SMB experienced a significant uptick of 29.14%, reaching Rs. 1.28 Arba, and loans and advances also saw a substantial increase of 24.51%, reaching Rs. 1.7 Arba during this quarter. In terms of asset quality, the company reported impairment charges amounting to Rs. 8.47 Lakhs, but the non-performing loan (NPL) ratio decreased impressively from 3.53% to 1.54%.

    The financial structure of SMB revealed a paid-up capital of Rs. 95.24 crores, along with reserves and surplus standing at Rs. 5.4 crores. The annualized earnings per share (EPS) was reported at Rs. 18.15, and the net worth per share was recorded as Rs. 156.79. SMB’s stock traded at a price-to-earnings (P/E) multiple of 55.49 times during the period.

    The provided table summarizes key financial indicators, showcasing a comparison between the second quarters of 2080/81 and 2079/80. Notable figures include the company’s operating profit, which exhibited a substantial increase of 113.81%, and capital adequacy, which witnessed a decline of 11.70%. Furthermore, the cost of funds increased by 14.66%, and the annualized EPS displayed a remarkable surge of 212.45%. The market price at the end of the quarter stood at Rs. 1007.10.

  • Kutheli Bukhari Small Hydropower (KBSH) Ends Lock-In: 6,093 Mutual Fund Shares Unlocked

    Kutheli Bukhari Small Hydropower (KBSH) Ends Lock-In: 6,093 Mutual Fund Shares Unlocked


    Kutheli Bukhari Small Hydropower Limited (KBSH) has notified its investors and stakeholders about the recent expiration of the lock-in period for 6,093 unit shares held by Mutual Funds. This lock-in period, as per the directives from the Securities Board of Nepal (SEBON), had commenced on Kartik 20, 2080, and concluded on Magh 6, 2080.

    Among the 1,218,675 units of shares listed by KBSH on the Nepal Stock Exchange (NEPSE), 5 percent, equivalent to 6,093 units, had been exclusively reserved for Mutual Funds. It is noteworthy that a portion of these shares, precisely 6,093 units, had been subjected to the lock-in period in accordance with SEBON’s directives issued on Kartik 20. Investors and stakeholders are now informed that the lock-in period for these 6,093 unit shares has officially concluded as of the 6th of Magh.

    The official notice further specifies that, following the conclusion of the lock-in period, the shares held by the Board of Directors and employees in higher management positions will not be tradable. This aligns with the regulations set forth by SEBON regarding the tradability of shares held by specific entities after the expiration of the lock-in period.

  • NIMB Ace, Mount Everest Power: 2.58M shares (30%) for 12MW Dudhkunda Khola Project

    NIMB Ace, Mount Everest Power: 2.58M shares (30%) for 12MW Dudhkunda Khola Project


    NIMB Ace Capital Limited and Mount Everest Power Development Limited have entered into an agreement for the issuance of 2,580,000 ordinary shares. These shares will be made available to local residents in areas affected by the project and the general public, constituting 30 percent of the total issued capital. The signing ceremony included Mr. Arjun Prasad Poudel, the Chairman of Mount Everest Power Development Limited, and Sachindra Dhungana, the General Manager of NIMB Ace Capital Limited.

    The focus of Mount Everest Power Development Limited is on the ongoing construction of the Dudhkunda Khola Hydroelectricity Project, boasting a 12 Mega Watt capacity. This project utilizes water from the Dudhkunda River and is situated in the Solukhumbu district. Remarkably, more than 80 percent of the construction work for this hydroelectric project has already been completed.

    Under the terms of the agreement, NIMB Ace Capital Limited will provide Securities Issuance and Sales Manager services. This role involves overseeing all operations related to the public issue and management of ordinary shares for Mount Everest Power Development Limited. The collaboration aims to facilitate the allocation of shares to local residents and the broader public, contributing to the development and progress of the Dudhkunda Khola Hydroelectricity Project.

  • Infinity Laghubitta’s AML/CFT and Quality Growth Training: Empowering Employees for Excellence

    Infinity Laghubitta’s AML/CFT and Quality Growth Training: Empowering Employees for Excellence


    Infinity Laghubitta Bittiya Sanstha Limited demonstrates its commitment to excellence and regulatory compliance by conducting AML/CFT (Anti-Money Laundering/Counter Financing of Terrorism) & Quality Growth Training for all branch office employees in Bara, Parsa, and Rautahat within the Madhesh Province. Under the leadership of Mr. Gyanishwor Panta, Deputy Chief Executive Officer and program chair, the training adheres to the guidelines of the Money Laundering Prevention Act, 2064, and focuses on achieving Quality Growth. Recognizing the crucial role of field employees in microfinance institutions, Mr. Panta highlighted the significance of such training sessions in elevating the overall quality standards of the microfinance sector. Infinity Laghubitta remains dedicated to fostering a culture of integrity and continuous improvement within its operations.

     

  • Shangri-la Development Bank Promoter Shares Auction Commences Today!

    Shangri-la Development Bank Promoter Shares Auction Commences Today!


     

    Shangri-la Development Bank Limited (SADBL) presents a unique investment opportunity as its existing promoters initiate the auction of 1,76,040 units of shares to both the general public and institutions starting from the 8th of Magh, 2080. In this exclusive offering, Nawaraj Bajagain is set to sell 5,030 units, while Iman Bahadur Gurung plans to divest 1,71,010 units of promoter shares to interested individuals. This auction provides potential investors with a chance to acquire shares in a well-established bank, and interested parties are invited to submit their bids within the next 15 days from the publication date of this notice. Don’t miss out on this limited-time opportunity to become a part of Shangri-la Development Bank’s growth and success.

  • Nepal Investment Mega Bank Q2 Report: 13.62% Net Profit Decline Amid Strong Financial Position

    Nepal Investment Mega Bank Q2 Report: 13.62% Net Profit Decline Amid Strong Financial Position


    Nepal Investment Mega Bank Limited (NIMB) has recently disclosed its financial performance for the second quarter of fiscal year 2080/81, indicating a 13.62% decrease in net profit, which now stands at Rs 1.08 Arba.

    Despite the decline in net profit, the bank remains in a strong financial position with a total paid-up capital of Rs. 34.12 Arba and reserves amounting to Rs. 26.07 Arba. It is important to note the negative retained earnings at Rs 1.95 Arba.

    During the same period, the bank’s total deposits reached an impressive Rs 3.89 Kharba, while loans and advances to customers totaled Rs 3.12 Kharba. An encouraging aspect was the substantial 80.20% increase in Net Interest Income, reaching Rs. 7.54 Arba. However, the financial report also highlighted significant expenditures, including personnel expenses of Rs. 1.73 Arba and impairment charges of Rs. 2.86 Arba.

    In terms of key financial metrics for the second quarter, NIMB reported an annualized Earnings Per Share (EPS) of Rs 10.56, and the net worth per share stood at Rs 170.68. Nonetheless, concerns arose as the Non-Performing Loans (NPL) spiked to 4.75%. Additionally, the bank revealed a negative distributable profit of Rs. 1.95 Arba.

  • Gold Prices Rise by Rs. 400, Silver Dips Rs. 5 per Tola in Nepal

    Gold Prices Rise by Rs. 400, Silver Dips Rs. 5 per Tola in Nepal


    Gold continues to display its allure with a daily price surge of Rs. 400 per tola, while silver, on the other hand, experiences a marginal decline of Rs. 5 per tola. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading value for fine gold stands at Rs. 118,400 per tola, indicating a Rs. 400 increase from the closing price of Rs. 118,000 per tola on Friday.

    Similarly, Tejabi gold is now priced at Rs. 117,850 per tola, reflecting a Rs. 400 increment from the Friday rate of Rs. 117,450 per tola. In contrast to gold’s upward movement, silver observes a slight decrease of Rs. 5 per tola, with the current market rate settling at Rs. 1,390 per tola, as opposed to Friday’s closing rate of Rs. 1,395 per tola.

  • Muktinath Bikas Bank Q2 FY 2080/81: 32.93% Net Profit Drop

    Muktinath Bikas Bank Q2 FY 2080/81: 32.93% Net Profit Drop


    Muktinath Bikas Bank Limited (MNBBL) has disclosed its second-quarter report for the fiscal year 2080/81, revealing a notable 32.93% decrease in net profit, dropping from Rs. 62.62 Crores in Q2 FY 2079/80 to Rs. 42 Crores in Q2 FY 2080/81. Concurrently, the bank reported a negative distributable profit after PL Appropriation and Regulatory Adjustments, amounting to Rs. 31.72 Crores during the same quarter.

    In terms of deposits, customer deposits underwent a 3.55% reduction, settling at Rs. 1.12 Kharba. However, loans and advances to customers saw a 1.95% upswing, reaching Rs. 96.29 Arba. Despite these fluctuations, the bank’s core business income, represented by Net Interest Income, demonstrated a positive trend, experiencing a 2.12% increase to Rs. 2.08 Arba compared to the corresponding quarter of the previous year.

    MNBBL’s financial structure comprises a paid-up capital of Rs. 7.04 Arba and Rs. 2.92 Arba in reserves and surplus. The annualized earnings per share (EPS) for the bank stood at Rs. 11.24, accompanied by a Net worth per share of Rs. 137.03.

    A notable aspect is the company’s trading position, characterized by a Price/Earnings (P/E) multiple of 34.22 times. Additionally, the Capital Adequacy Ratio (CAR) of the bank stands at 11.25%. However, there is a noteworthy increase in the Non-performing loan (NPL) ratio, which climbed to 2.51%.

  • Laxmi Sunrise Bank Q2 Report: Modest Profit Dip Amidst Impressive Growth and NPL Concerns

    Laxmi Sunrise Bank Q2 Report: Modest Profit Dip Amidst Impressive Growth and NPL Concerns


    Laxmi Sunrise Bank Limited (LSL) has shared its financial results for the second quarter of the fiscal year 2080/81, reporting a small 1.66% decrease in net profit to Rs. 1.05 Arba compared to the same period last fiscal year when it earned Rs. 1.07 Arba.

    The bank showcased positive growth with a remarkable 104.66% increase in net interest income, reaching Rs. 5.65 Arba, and operating profits rising to Rs. 1.44 Arba for the corresponding period. However, loans and advances saw a slight 0.07% decrease, while customer deposits increased by almost 4.84% to Rs. 3.1 Kharba. Notably, impairment charges surged significantly by 376.87%, totaling Rs. 2.73 Arba in Q2 of FY 2080/81.

    For the fiscal year, LSL reported an annualized earnings per share (EPS) of Rs. 9.14, and the net worth per share was Rs. 166.62. A concern arises as Non-Performing Loans (NPL) saw a substantial 199.36% increase, reaching 4.67% in the second quarter, a significant jump from the 1.56% recorded in the same period last fiscal year.

    LSL reported negative distributable profits of Rs. 81.18 Crores, while maintaining a paid-up capital of Rs. 23.18 Arba and reserves and surplus amounting to Rs. 16.26 Arba in Q2 of FY 2080/81. Specific figures show an increase of 7.00% in paid-up capital to Rs. 23,187,155.00, a decline of 146.97% in retained earnings to -811,864.00, and a 9.67% increase in reserves to 16,260,042.00. Deposits rose by 4.84% to Rs. 310,591,321.00, and loans and advances experienced a marginal decrease of 0.07% to Rs. 247,691,314.00. Net Interest Income increased significantly by 104.66% to Rs. 5,658,331.00. Personnel expenses and impairment charges were reported at Rs. 1,802,336.00 and Rs. 2,732,609.00, respectively.

    The operating profit for the quarter was Rs. 1,445,052.00, reflecting a 3.22% decrease, and the net profit stood at Rs. 1,059,210.00, representing a 1.66% decline. The capital adequacy ratio is reported at 12.67%, showing a slight decrease from the previous year. The Cost of Fund decreased by 14.59% to 7.61%. The NPL percentage increased significantly by 199.36%, reaching 4.67%. The Qtr end PE Ratio stands at 19.06 times.

  • Citizens Bank Q2 Report: Profits Dip 6.96%, Challenges Emerge

    Citizens Bank Q2 Report: Profits Dip 6.96%, Challenges Emerge


    Citizens Bank International Limited (CZBIL) has disclosed its financial performance for the second quarter of fiscal year 2080/81, revealing a 6.96% decline in net profit to Rs 78.27 Crores. The bank’s total paid-up capital is reported at Rs. 14.20 Arba, with reserves amounting to Rs. 6.77 Arba. However, retained earnings have recorded a negative value of Rs 21.3 Crores.

    During the mentioned quarter, the bank experienced a significant increase in total deposits, reaching Rs 1.75 Kharba, while loans and advances to customers reached Rs 1.48 Kharba. Despite a marginal 0.21% decrease, the Net Interest Income remained substantial at Rs. 2.83 Arba. However, the bank faced challenges with personnel expenses amounting to Rs. 93.01 Crores and impairment charges of Rs. 85.95 Crores.

    In terms of financial metrics, the second quarter reported an annualized EPS of Rs 11.02, and the net worth per share stood at Rs 146.20. However, CZBIL grapples with a spike in Non-Performing Loans (NPL) to 4.07%. Additionally, the revelation of a negative distributable profit of Rs. 21.30 Crores adds a significant dimension to CZBIL’s financial narrative during this period.

    Examining specific figures, the paid-up capital remained constant at Rs. 14,200,974.01, and reserves witnessed a 14.52% increase to 6,774,208.15. Deposits showed a notable 4.13% rise to Rs 175,808,073.73, while loans and advances increased by 6.06% to Rs 148,304,167.36. Net Interest Income experienced a marginal decrease of 0.21% but remained substantial at Rs. 2.83 Arba. Personnel expenses and impairment charges were reported at Rs. 930.18 Crores and Rs. 859.50 Crores, respectively.

    The operating profit for the quarter was Rs 1,086,454.06, reflecting an 8.85% decrease, and the net profit stood at Rs 782,784.84, representing a 6.96% decline. Furthermore, the disclosure of a negative distributable profit of Rs. 21.30 Crores underscores the financial challenges faced by CZBIL. The capital adequacy ratio is reported at 13.00%, showing an increase from the previous year. The Cost of Fund decreased by 15.73% to 7.77%. The NPL percentage increased significantly by 36.12%, reaching 4.07%. The Qtr end PE Ratio stands at 15.61 times, and the Qtr End Market Price is reported at 172.1.

  • MBL Promoter Shares Auction Launched

    MBL Promoter Shares Auction Launched


    Surendra Mahato has initiated the auction of 1,12,32,492 units of promoter shares from Machhapuchchhre Bank Limited (MBL). The auction period spans from the 5th to the 15th of Magh, 2080.

    A total of 1,12,32,492 promoter shares of MBL are up for auction, open to interested shareholders, including the general public and institutions. The auction allows bidding with a minimum rate of Rs. 113, and the minimum bid quantity for promoter shares is set at 1,00,000 units. Interested participants can submit their bids at Machhapuchchhre Capital Limited, located at Baghdurbar, JDA Complex, Kathmandu.

    As of the latest available information, MBL concluded trading at Rs. 204.00 on the previous day. Simultaneously, MBLPO recorded a Last Traded Price (LTP) of Rs. 136.00 as of May 10, 2023.