Saptakoshi Development Bank reports weak report in Q4; net profit decline by 49.68%
Wed, Aug 12, 2020 11:55 AM on Company Analysis, Latest,
Saptakoshi Development Bank Limited (SAPDBL) has reported a decline in net profit by 49.68% in the fourth quarter of the current fiscal year 2076/77 compared to the corresponding quarter-end of the previous year.
As per the report published, the development bank has stated that its net profit decreased to Rs 3.29 crores in Q4 from Rs 6.54 crores reported in the corresponding quarter of the previous fiscal year 2075/76.
It has collected deposits of Rs 3.4 Arba and floated loans of Rs 2.79 Arba in Q4 of the last fiscal year.
It’s paid-up capital stands at Rs 83.43 crores and has a reserve and surplus of Rs 9.61 crores.
The development bank’s non-performing loan (NPL) has declined to 1.65% from 2.2% in the previous fiscal year.
Its Earning Per Share (EPS) stands at Rs 3.95, net worth per share at Rs 113.28, and P/E ratio at 30.39 times.
Major Highlights
| Particulars (In Rs) | Saptakoshi Development Bank Limited | ||
|---|---|---|---|
| Q4 2076/77 | Q4 2075/76 | Difference | |
| Paid Up Capital | 834,338,432 | 787,111,728 | 6.00% |
| Share Premium | 0 | 0 | |
| Retained Earnings | 16,341,049 | 35,241,290 | -53.63% |
| Reserves | 94,492,564 | 89,929,364 | 5.07% |
| Deposits from Customers | 3,402,282,159 | 2,561,806,138 | 32.81% |
| Loans & Advances to Customers | 2,791,055,217 | 2,534,133,487 | 10.14% |
| Net Interest Income | 219,619,012 | 161,227,862 | 36.22% |
| Fee and Commission Income | 25,408,273 | 22,664,080 | 12.11% |
| Impairment Charge/(Reversal) | 41,796,084 | 6,105,151 | - |
| Personnel Expenses | -85,390,057 | -63,870,379 | 33.69% |
| Operating Profit | 46,456,794 | 73,289,331 | -36.61% |
| Profit/(Loss) for the Year | 32,943,947 | 65,465,869 | -49.68% |
| Total Comprehensive Income | 32,889,662 | 59,961,214 | -45.15% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 13,043,184 | - | - |
| Capital Adequacy Ratio (CAR) | 33.16 | 29.80 | 11.28% |
| NPL | 1.65 | 2.2 | -25.00% |
| CCD (as per NRB Directives) | 59.16 | 71.48 | -17.24% |
| Cost of Fund (%) | 6.37 | 8.04 | -20.77% |
| Base Rate (%) | 11.04 | 12.22 | -9.66% |
| Annualized EPS (In Rs.) | 3.95 | 8.32 | -52.53% |
| Net Worth per Share (In Rs.) | 113.28 | 115.90 | -2.26% |
| Qtr End PE Ratio (times) | 30.39 | - | - |
| Qtr End Market Price* | 120 | - | - |
| Price to Book (PB Ratio) | 1.06 | - | - |
