Mahalaxmi Bikas Bank Q4 Profit Rises 48.46% on Higher Net Interest Income; EPS Improves to Rs. 13.96
Summary
Mahalaxmi Bikas Bank Limited reported a 48.46% rise in fourth-quarter net profit to Rs. 62.99 crore, driven by higher net interest income and a lower cost of funds. Its EPS improved to Rs. 13.96, while deposits stayed nearly flat and loans and advances grew 4.41%.
Key Points
- Mahalaxmi Bikas Bank Limited posted a 48.46% year-on-year increase in net profit to Rs. 62.99 crore in Q4 FY 2082/83.
- Net interest income rose 10.69% to Rs. 2.14 arba, supported by a lower cost of funds of 3.62%.
- Loans and advances increased 4.41% to Rs. 43.34 arba, while customer deposits were broadly stable at Rs. 55.00 arba.
- EPS improved to Rs. 13.96 and the capital adequacy ratio strengthened to 17.57%.
