Miteri Development Bank Reports 120.25% Rise in Net Profit in Q2; Annualized EPS Rises to Rs. 9.37
Summary
Miteri Development Bank posted a net profit of Rs. 5.70 crore in Q2 FY 2082/83, up 120.25% year-on-year, driven by strong net interest income growth and lower cost of funds. Deposits and loans also grew significantly, with annualized EPS rising to Rs. 9.37.
Key Points
- Miteri Development Bank's net profit rose by 120.25% to Rs. 5.70 crore in Q2 FY 2082/83.
- Net interest income increased by 68.43% to Rs. 14.46 crore year-on-year.
- Deposits and loans grew by 28.94% and 26.74%, respectively.
- Annualized earnings per share surged to Rs. 9.37, up from Rs. 4.25 last year.
