Skip to content
|Loading...
Share Gyan home
EBook

Nepal Bank’s Q3 Performance: Net Profit Climbs to Rs 2.79 Arba

Nepal Bank Limited (NBL) posts a net profit of Rs 2.79 Arba in Q3, bolstered by improved interest income and a significant reversal in impairment charges.

Published By Share Gyan
Nepal Bank’s Q3 Performance: Net Profit Climbs to Rs 2.79 Arba

Nepal Bank Limited (NBL), the country's first bank, has released its unaudited financial results for the third quarter of FY 2082/83, maintaining a trajectory of steady growth. The bank recorded a net profit of Rs 2.79 Arba, a moderate 0.34% increase compared to the Rs 2.78 Arba earned in the same period last year. A key driver for this stability was the 2.99% growth in Net Interest Income, which rose to Rs 7.31 Arba. Additionally, the bank's bottom line benefited from a significant reversal of impairment charges totaling Rs 39.01 crores. Currently, Nepal Bank's paid-up capital stands at Rs 14.69 Arba, with retained earnings reported at Rs 32.13 crore for this quarter. The bank’s financial health remains robust, with an annualized Earnings Per Share (EPS) of Rs 25.34 and a strong Net Worth per Share of Rs 272.79. With a Price-to-Earnings (P/E) ratio of 10.97 times, the bank continues to be an attractive option for value-oriented investors in the Nepalese capital market.

Related News

Sarbottam Cements and Himalayan Distillery Spearhead Q3 Corporate Earnings

Sarbottam Cements and Himalayan Distillery have emerged as the financial powerhouses of Nepal’s manufacturing sector in the third quarter, driving a broader recovery across construction, beverage, and consumer goods industries.

NTC’s Growth Engine: Net Profit Surges to Rs 6.27 Billion in Q3

Nepal Telecom reports a 9.85% increase in net profit for the third quarter of FY 2082/83, driven by a surge in GSM revenue and reduced depreciation expenses.

Mountain Energy Nepal Q3 Update: Revenue Hits Rs 1.79 Billion as Profit Surges

Mountain Energy Nepal Limited reports a 17.01% rise in electricity revenue and a 13.45% increase in net profit for the third quarter.

SHIVM Strengthens Balance Sheet with Rs 13.08 Billion in Total Assets

Shivam Cements reports a Rs 61.91 crore net profit, ready to pivot as soon as the domestic infrastructure market recovers.

Himalayan Distillery Defies Economic Slowdown: Profits Skyrocket as Sales Hit Massive 3.09 Billion!

Himalayan Distillery Limited reported a 15.16% increase in net profit and an 11% rise in sales revenue in its third-quarter financial report. Despite economic challenges, the company maintains strong reserves and high investor interest.

Inside the Chaitra Mutual Fund Surge: Where Nepal's Big Investors Are Pouring Billions

Mutual fund investments in Nepal reached Rs. 66.70 Arba in Chaitra, with fund managers favoring commercial banks, hydropower, and microfinance sectors. While total investments rose, individual fund performance varied, with Prabhu Smart Fund leading NAV gains.

Companies in This News