Srijana Finance earns Rs 12.51 crore with EPS of Rs 14.77 in Q4; Company is in acquisition process by Sunrise Bank
Tue, Aug 18, 2020 7:56 AM on Latest, Company Analysis,
Srijana Finance Limited (SFFIL) has published its fourth-quarter report for the FY 2076/2077 with a decrease in Net Profit by 17.31%. The finance’s net profit has declined from Rs. 15.14 crore in the fourth quarter of the FY 2075/2076 to Rs. 12.51 crore in the fourth quarter of FY 2076/2077.
The finance company has Rs. 9.06 crore as a Distributable profit after P/L appropriation and regulatory requirements in the fourth quarter. This means SFFIL can distribute around 10% (approx.) dividends from the earnings of FY 2076/77 if other regulatory requirements are not required.
The finance’s deposit from customers increased by 19.46% to Rs 8.44 arba whereas loans and advances increased by 28.31% to Rs 6.15 arba till the fourth quarter. The net interest income of the bank has increased by 3.68% to Rs 30.95 crore compared to the corresponding quarter of the previous year.
The finance’s paid-up capital stands at Rs 84.78 crore with Rs 28.85 crore as its reserves and surplus. The Non-performing loan (NPL) increased to 0.82%.
The EPS of the SFFIL in the fourth quarter of FY 2076/2077 stood at Rs 14.77. The Net worth per share stands at Rs 134.04 and Qtr End PE ratio stands at 14.22 times.
The company is in the acquisition process with Sunrise Bank Limited and its share trading is in halt.
Major Highlights:
|
Particulars (In Rs '000) |
Srijana Finance |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
847,839 |
460,782 |
84.00% |
|
Share Premium |
12,336 |
0 |
|
|
Retained Earnings |
90,632 |
130,450 |
-30.52% |
|
Reserves |
185,610 |
138,487 |
34.03% |
|
Deposits from Customers |
8,444,931 |
7,069,193 |
19.46% |
|
Loans & Advances to Customers |
6,157,860 |
4,799,072 |
28.31% |
|
Net Interest Income |
309,538 |
298,546 |
3.68% |
|
Net Fee and Commission Income |
76,894 |
86,417 |
-11.02% |
|
Impairment Charge/(Reversal) |
32,600 |
339 |
9508.39% |
|
Personnel Expenses |
107,058 |
95,006 |
12.69% |
|
Operating Profit |
178,852 |
220,479 |
-18.88% |
|
Profit/(Loss) for the Year |
125,196 |
151,403 |
-17.31% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
90,632 |
130,450 |
- |
|
Capital Adequacy Ratio (CAR) |
15.85 |
13.21 |
19.98% |
|
NPL |
0.82 |
0.34 |
141.18% |
|
CCD (as per NRB Directives) |
63.87 |
61.3 |
4.19% |
|
Cost of Fund (%) |
7.26 |
9.37 |
-22.52% |
|
Base Rate (%) |
10.08 |
12.12 |
-16.83% |
|
EPS (In Rs.) |
14.77 |
32.86 |
-55.06% |
|
Net Worth per Share (In Rs.) |
134.04 |
158.37 |
-15.36% |
|
Qtr End PE Ratio (times) |
14.22 |
- |
- |
|
Qtr End Market Price* |
210 |
- |
- |
|
Price to Book (PB Ratio) |
1.57 |
- |
- |
