Saptakoshi Development Bank Limited (SKDBL) has reported rise in net profit by 310.36% in the first quarter of the current fiscal year 2074/75.
As per the report published in newspaper, the development has stated that its net profit rise to Rs 28.52 lakh in Q1 from Rs 6.95 lakh reported in the corresponding quarter of the previous fiscal year 2073/74.
It has collected deposits of Rs 1.12 arba and floated loans of Rs 92.35 crore in Q1.
It’s paid up capital remains at Rs 38.79 crore and has reserve of Rs 1.34 crore. The bank’s BOD meeting held on Ashwin 6, 2074 had declared 11% bonus on its paid up capital of Rs 21.10 crore (before 130% right share) along with cash dividend of Rs 12.21 lakh (for tax purpose). This amounts to just 4.782% bonus share on its paid up capital after 130% right share. Its paid up capital after recently floated right share will reach Rs 48.53 crore, and after bonus, its paid up capital will reach Rs 50.85 crore.
The development bank non-performing loan (NPL) decrease to 1.21% from 1.95%.
Its annualized Earning Per Share (EPS) now stands at Rs 2.94, net worth per share at Rs 103.46 and P/E ratio at 247.53 times.
Major Highlights:
| Particulars (In Rs '000) |
Saptakoshi Development Bank |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
387,932 |
100,000 |
287.93% |
| Reserve & Surplus |
13,418 |
6,325 |
112.14% |
| Borrowings |
- |
- |
#DIV/0! |
| Loans & Advances |
923,536 |
648,637 |
42.38% |
| Net Interest Income |
17,118 |
13,288 |
28.82% |
| Provision for possible losses |
8,485 |
6,207 |
36.70% |
| Operating Profit |
(8) |
(614) |
-98.70% |
| Net Profit |
2,852 |
695 |
310.36% |
| NPL (%) |
1.21 |
1.95 |
-37.95% |
| Annualized EPS (In Rs.) |
2.94 |
2.78 |
5.78% |
| Net Worth per Share (In Rs.) |
103.46 |
106.33 |
-2.70% |
| P/E Ratio (In times) |
247.53 |
- |
- |
