Mukka Proteins Limited

 FINANCIAL RESULTS FOR QUARTER ENDED 31st DECEMBER 2020

     Bank’s Global Business reached Rs.1640582 crore

Below are the key highlights achieved by the Bank. 

 

Key Highlights (9 Months period ended)                          (Dec 2019 V/s Dec 2020)

●        Domestic Business of the Bank grew by 8.69%. ●        Net-Interest Income grew by 21.47%. ●        Non-Interest Income grew by 28.64%. ●        Operating Profit grew by 37.29% ●        Net Profit grew by 112.21% ●        Domestic NIM improved by 26 bps ●        Cost to Income Ratio improved by 488 bps. ●        Retail Credit grew by 9.33% with Housing loan at 13.32%. ●        CASA Deposits increased by 14.89%. ●        Retail term deposit grew by 18.19%. ●        Gross NPA Ratio down by 236 bps.  ●        Net NPA Ratio down by 298 bps. ●        Provision Coverage Ratio (PCR) improved by 1452 bps. ●        CRAR stood at 13.69% as at Dec 2020. Out of which Tier-I is 10.45% and Tier-II is 3.24% as at Dec 2020.                          Key Highlights (3 Months ended)                        (Dec 2019 V/s Dec 2020)   ●        Net-Interest Income grew by 14.58%. ●        Non-Interest Income grew by 63.09%. ●        Operating Profit grew by 46.65%. ●        Cost to Income Ratio improved by 567 bps                        Key Highlights (3 Months ended)                                                 (Sep 2020 V/s Dec 2020)   ●        Operating Profit grew by 16.02% to Rs.5382 Cr. ●        Net Profit grew by 56.76% to Rs.696 Cr. ●        Total Income increased by 3.08% to Rs.21479 Cr. ●        Non-Interest Income increased by 35.44 % to Rs.4273 Cr.

 

Key Summary of Business Performance (as on 31.12.2020)

     Business

●        Global Business increased by 6.97% (y.o.y) to Rs.1640582 Cr as at Dec 2020 with Global Deposits at Rs.973021 Cr 7.80% (y.o.y) and Global Advance (gross) at Rs.667561 Cr 5.79% (y.o.y).

●        Domestic Deposit of the Bank stood at Rs.928325 Cr as at Dec 2020 with growth of 9.49% (y.o.y).

●        Domestic Advances (gross) of the Bank stood at Rs.644826 Cr as at Dec 2020 with growth of 7.55% (y.o.y).

●   RAM constitutes 56.65% of Total Advances.

●        Retail lending Portfolio increased 9.33% (y.o.y) to Rs.113835 Cr as at Dec 2020.

o   Housing Loan Portfolio increased 13.32% y.o.y to Rs.62074 Cr.

o   Vehicle Loan portfolio stood at Rs.13537 Cr as at Dec 2020.

●        Advances to Agriculture grew by 10.95% (y.o.y) to Rs.150652 Cr as at Dec 2020.

 

 

Asset Quality

●        Gross Non-Performing Assets (GNPA) ratio reduced to 7.46% as at Dec 2020 down from 8.23% as at Sept 2020, 9.39% as at March 2020 and 9.82% as at Dec 2019.

●        Net Non-Performing Assets (NNPA) ratio reduced to 2.64% as at Dec 2020 down from 3.42% as at Sept 2020, 4.34% as at March 2020 and 5.62% as at Dec 2019.

●        Provision Coverage Ratio (PCR) improved to 84.89% as at Dec 2020 from 70.37% as at Dec 2019.

Capital Adequacy

●        CRAR stood at 13.69% as at Dec 2020. Out of which Tier-I is 10.45% and Tier-II is 3.24% as at Dec 2020.

●        Bank successfully raised capital during FY21 through:-

 

AT-1 Bonds:-2816.10 Cr

QIP Equity:- 2000 Cr

 

Priority Sector & Financial Inclusion

 

●        The Bank has achieved Targets in Priority Sector and Agricultural Credit at 47.36% and 19.54% of ANBC as at Dec 2020, as against the mandatory target of 40% and 18% respectively.

●        Credit to Weaker Sections stood at 17.88% of ANBC, exceeding the target of 10%.

 

●        Bank has opened 137 lakhs accounts under PMJDY and mobilised CASA deposits of Rs.5803 Cr as at Dec 2020.

Network

●        As on 31.12.2020, the Bank has 10491 number of Branches, 3075 Rural, 3175 Semi- Urban, 2103 Urban & 2138 Metro along with 12973 ATMs.