Siddhartha Bank profit rises by 21.26% to Rs 2.30 arba in Q4; has 18% dividend distribution capacity

Siddhartha Bank Limited (SBL) has published its fourth quarter report for the FY 2075/76 with 21.26% rise in the net profit. The bank’s profit has increased from Rs 1.90 arba in the fourth quarter of the fiscal year 2074/75 to Rs 2.30 arba in the fourth quarter of the fiscal year 2075/76.

In the same quarter, the bank has Rs 1.65 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. This means SBL can distribute around 18% (approx.) dividend from the earnings of FY 2075/76 if other regulatory requirements are not required.

The bank’s deposit from customers rises by 21.49% to Rs 1.14 kharba whereas loans and advances have also increased by 25.87% to Rs 1.04 kharba in the Q4. The net interest income (core business income) of the bank has decreased by satisfactory 36.02% to Rs 4.67 arba from Rs 3.43 arba of the corresponding quarter.

The bank’s paid up capital stands at Rs 8.88 arba with Rs 6.20 arba as its reserve and surplus. The Non-Performing Loan (NPL) has decline to 0.75%.

In the Q4, the EPS of the bank stands at Rs 25.98. The net worth per share stands at Rs 169.77 and qtr end PE ratio stands at 12.24 times.

Click here for Q4 report:

Major Highlights:

 * Figure are of Immediate Previous Year Ending (Audited)

 * Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q4 end paid up capital.