Tag: Strong

  • 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.

  • Nabil Bank Limited Reports Q1 2080/81 Financials: Resilience Amidst Net Profit Dip

    Nabil Bank Limited Reports Q1 2080/81 Financials: Resilience Amidst Net Profit Dip


    Nabil Bank Limited (NABIL) has unveiled its comprehensive financial report for the initial quarter of the fiscal year 2080/81, offering valuable insights into the bank’s performance.

    During this quarterly review, the bank reported a 6.51% reduction in its net profit. Net profit decreased from NPR 1.57 Arba in the first quarter of FY 2079/80 to NPR 1.46 Arba in the corresponding quarter of FY 2080/81.

    Despite the decline in net profit, NABIL Bank showcased resilience and stability in various operational aspects. In the same quarter, the bank revealed a distributable profit of NPR 3.6 Arba after taking into account PL Appropriation and Regulatory Adjustments.

    NABIL Bank witnessed positive growth in customer deposits, with a notable increase of 4.54%, reaching NPR 4.14 Kharba compared to the previous year. Additionally, loans and advances to customers experienced a 6.27% growth, reaching NPR 3.53 Kharba in comparison to the previous year. The core business income, represented by Net Interest Income, exhibited significant growth, surging by 13.51% to NPR 4.17 Arba compared to the corresponding quarter of the previous year. However, impairment charges increased by 11.90%.

    NABIL’s financial foundation remains robust, with a paid-up capital of NPR 27.05 Arba, accompanied by reserves and surplus totaling NPR 28.39 Arba. Nevertheless, the Non-Performing Loan (NPL) ratio increased to 3.69%, necessitating ongoing attention.

    Regarding per-share performance metrics, the bank reported an annualized earnings per share (EPS) of NPR 21.72, and the Net worth per share was NPR 218.27. Importantly, the company had a Price/Earnings (P/E) multiple of 26.34 times.

    Nabil Bank Limited’s financial performance in the first quarter reveals a mixed scenario, with positive growth in core business income but a decline in net profit. The bank aims to address challenges associated with the increase in Non-Performing Loans while continuing to strengthen its financial reserves and customer-focused services.

  • How was your experience today? I forgot to swing trade, however still holding strong. Will probably go long this time, coz I already have money to buy low.

    How was your experience today? I forgot to swing trade, however still holding strong. Will probably go long this time, coz I already have money to buy low.


    Guys, this is the golden opportunity in Nepse. Ghatyo bhane kinne paisa cha hoina ta? Aja swing trade hannai birse, broker ko ma paisa lina gako thiye yeso :D. Holding strong. Are you holding till 2900 or beyond? 2023 ma 3000 ekchoti feri chuncha jasto cha ta! 4 arab ko karobar back to back!!!!!!

    View on r/NepalStock by deltacronvirus

  • need Stock suggestions please, fundamentally strong

    need Stock suggestions please, fundamentally strong


    I want to keep an eye on few stocks, suggest me some with good fundamentals.

    View on r/NepalStock by miltaniz

  • “Siddhartha Bank’s Q4 Sees Strong Net Profit Growth, Doubled Impairment Allocation”

    “Siddhartha Bank’s Q4 Sees Strong Net Profit Growth, Doubled Impairment Allocation”


    Siddhartha Bank Limited (SBL) has released its fourth-quarter report for the fiscal year 2079-80, revealing a steady growth in its Net Profits, increasing by nearly 10 percent. In the last quarter of FY 2079-80, the bank’s profits reached Rs. 3.19 billion, a rise from the previous year’s Rs. 2.90 billion in the same period.

    The bank has also seen positive developments in its Net Interest Income and Operating profits, which have increased by 23.97 percent and 9.83 percent, respectively. The core business revenue for the bank in the last quarter of FY 2079-80 reached Rs. 8.17 billion, compared to the previous Rs. 4.68 billion.

     

  • “CMF1 Leads with 9.05% Monthly Gain; NEPSE and Mutual Funds Show Annual Increase of 4.36% and 0.93%.”

    “CMF1 Leads with 9.05% Monthly Gain; NEPSE and Mutual Funds Show Annual Increase of 4.36% and 0.93%.”


     

    Currently, there are 34 closed-end mutual funds listed on the Nepal Stock Exchange (NEPSE), and 7 open-end schemes are directly traded with their respective fund managers. Among them, the Citizens Super 30 Mutual Fund (30CSMF) has issued its units to the public but is not yet listed for trading on NEPSE. Once it is listed, the total number of schemes will reach 42.

     

  • “NEPSE Starts the Week Strong with 1.38% Gain; All Sectors Close in the Green”

    “NEPSE Starts the Week Strong with 1.38% Gain; All Sectors Close in the Green”


     

    Today, the NEPSE index had a positive trading session, closing at 2,077.76. It gained 28.38 points, representing a 1.38% increase compared to the previous trading day. On Thursday, the index experienced a small loss of 0.06 points.

    The day started with the index opening at 2,050.36 and reaching a low of 2,049.69. However, it later climbed to a high of 2,085.23 before settling at the closing value of 2,077.76.

    During the trading session, a total of 287 scrips were traded through 73,446 transactions. The total shares exchanged amounted to 8,352,576, with a turnover of Rs. 3.04 Arba. Although the turnover was slightly lower than the previous trading day’s Rs. 3.07 Crores, it was still a significant amount.

  • Ghorahi Cement Industry IPO Oversubscribed as Public Shows Strong Interest

    Ghorahi Cement Industry IPO Oversubscribed as Public Shows Strong Interest


    Ghorahi Cement Industry Limited, a company in Nepal, has recently issued an Initial Public Offering (IPO) to the general public. The IPO consists of 69,11,670 unit shares priced at Rs 435 per unit, including a premium of Rs 335. The offer opened on 32nd Jestha, 2080 and is scheduled to close on 4th Ashad, with a possible extension until 14th Ashad if it is not fully subscribed.

    The allocation of shares includes 20% for project-affected locals, 606,350 units for Nepalese citizens working abroad, 328,961 units for mutual funds, and 19,530 units for company employees. The remaining 69,11,670 units are available for the general public. The IPO is expected to generate Rs. 3.44 Arba for the company, with Rs 2.65 Arba as the premium amount and the rest contributing to the paid-up capital.

    The IPO has garnered significant interest from investors, as the number of applications received so far has surpassed the available shares. According to CDSC, 288,456 applicants have applied for a total of 98,02,460 units, resulting in an oversubscription of 1.42 times.

    Himalayan Capital Limited and Nabil Investment Banking Limited have been appointed as the issue managers for the IPO. The application process allows a minimum of 10 units and a maximum of 10,00,000 units to be applied for.

    CARE Ratings Nepal Limited has assigned a rating of `CARE-NP BBB- (Is)’ to Ghorahi Cement Industry Limited. This rating signifies a moderate degree of safety in terms of the company’s ability to meet its financial obligations in a timely manner.

    Overall, the IPO of Ghorahi Cement Industry Limited has attracted significant investor interest, surpassing expectations and demonstrating confidence in the company’s prospects.