Himalayan Bank’s Net Profit Surges 1,041.16% to Rs. 1.48 Arba in Q4 FY 2082/83; EPS Jumps 994.42% to Rs. 6.56
Summary
Himalayan Bank Limited’s net profit jumped 1,041.16% year-on-year to Rs. 1.48 arba in the fourth quarter of FY 2082/83, while earnings per share surged 994.42% to Rs. 6.56. Deposits rose 13.72% and the bank’s capital adequacy ratio improved to 11.69%, even as loans and advances and operating profit declined.
Key Points
- Himalayan Bank Limited reported a 1,041.16% rise in net profit to Rs. 1.48 arba in Q4 FY 2082/83.
- Earnings per share increased 994.42% to Rs. 6.56, while net worth per share rose to Rs. 177.48.
- Deposits grew 13.72% to Rs. 3.52 kharba, but loans and advances to customers fell 1.24% and operating profit declined 23.60%.
- The bank’s capital adequacy ratio improved to 11.69%, and its cost of funds dropped to 3.63%.
