Nepal Infrastructure Bank Limited (NIFRA) has reported a net profit of Rs. 64.33 crores for the third quarter of FY 2082/83, marking a decline of 28.53% compared to Rs. 90 crores in the same period last fiscal year.

The bank’s paid-up capital stands at Rs. 21.6 billion, with reserves and surplus totaling Rs. 3.42 billion. However, net interest income dropped by 27.03% to Rs. 1.08 billion, down from Rs. 1.48 billion in the previous year.

On the operational side, customer deposits reached Rs. 7.80 billion, while loans and advances increased to Rs. 28.54 billion, indicating growth in lending activities. Personnel expenses declined by 19.63% to Rs. 15.50 crores.

After regulatory adjustments, distributable profit stood at Rs. 53.77 crores, reflecting a 30.12% decrease from Rs. 76.95 crores last year.

The bank’s capital adequacy ratio declined to 71.83%, while the cost of funds improved slightly to 6.38%. Annualized earnings per share (EPS) dropped to Rs. 3.97 from Rs. 5.56, and net worth per share stood at Rs. 115.84.

At the end of the quarter, the price-to-earnings (P/E) ratio stood at 63.26 times, with a market price of Rs. 251.2 per share.