Tag: Struggles

  • Machhapuchchhre Bank Q2 2080/81: 21.45% Drop in Net Profit, Attention Needed on NPL Increase

    Machhapuchchhre Bank Q2 2080/81: 21.45% Drop in Net Profit, Attention Needed on NPL Increase


    Machhapuchchhre Bank Limited (MBL) has recently unveiled its financial performance for the second quarter of the fiscal year 2080/81, providing insights into key metrics. In this quarter, MBL witnessed a notable 21.45% decline in net profit, falling from Rs. 1.02 Arba in Q2 FY 2079/80 to Rs. 80.53 Crores in Q2 FY 2080/81.

    The bank faced a 1.10% reduction in customer deposits, reaching Rs. 1.52 Kharba. However, loans and advances to customers experienced growth, rising by 2.99% to Rs. 1.29 Kharba compared to the previous year. The Net Interest Income, a critical indicator of core business income, decreased by 5.56% to Rs. 2.63 Arba. Encouragingly, impairment charges witnessed a decline of 21.57%.

    MBL’s paid-up capital stands at Rs. 11.62 Arba, complemented by Rs. 5.44 Arba in reserves and surplus. Nonetheless, Non-Performing Loans (NPL) increased to 2.26%, marking an 85.82% surge from the same quarter in the previous year.

    On a per-share basis, the annualized earnings per share (EPS) amounted to Rs. 13.86, and the Net worth per share was Rs. 144.97. The company traded at a Price/Earnings (P/E) multiple of 14.65 times. The rise in NPL is highlighted as an area requiring ongoing attention.

    For detailed figures and comparisons, refer to the complete Q2 report provided in the disclosure.

  • Government Utilizes 10.2% of Development Capital Amidst Sluggish Revenue Collection

    Government Utilizes 10.2% of Development Capital Amidst Sluggish Revenue Collection


    As the current fiscal year reaches its midway point with four and a half months passed, the government’s utilization of its development capital remains relatively modest at 10.2%. According to the Financial Comptroller General Office, the government has disbursed Rs 30.27 arba for the ongoing fiscal year, with an additional Rs 3.20 kharba allocated for previous expenditures.

    In the initial four and a half months of the fiscal year, the total government expenditure has reached 20.75%, totaling Rs 3.63 kharba. A noteworthy aspect is that 24.4% of this expenditure has been directed towards current expenses, covering salaries, allowances, and administrative costs for employees.

    Simultaneously, the government’s revenue collection has demonstrated sluggish performance, achieving only 20.66% of the targeted revenue during this period. The detailed breakdown indicates that 20.77% is derived from tax income, while non-tax income contributes 19.49%.

    The government’s revenue collection goal for the current financial year is set at Rs. 14.22 kharba. However, the current figure stands at Rs. 3.12 kharba, resulting in the government’s expenditures surpassing its income by Rs 50.61 arba.