Decline in core business revenue leads to fall of 54.14% net profit of Nepal SBI in Q1; Annualized EPS at Rs. 8.95; Net worth per share at Rs. 167.23
Fri, Nov 13, 2020 7:51 AM on Latest, Company Analysis,
Nepal SBI Bank Limited (SBI) has published its first-quarter report for the FY 2077/2078 with a decline in Net Profit by 54.14%. The bank’s net profit declined to Rs. 20.05 crores in this quarter from Rs. 43.72 crores of FY 2076/2077.
As per the quarterly report, the company’s operating profit decreased by 54.26% to Rs. 28.54 crores in first-quarter compared to the corresponding quarter of the previous year. The bank has Rs. 2.58 crores as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank has a deposit of Rs. 1.12 kharba which is an increase of 1.73% in this quarter. On the other hand, the loans and advances decreased to Rs. 86.94 Arba. The net interest income of the bank declined by 42.22% to Rs. 59.85 crores compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stood at Rs. 8.95 Arba with Rs. 6.02 Arba as its reserves and surplus. The Non-performing loan (NPL) increased to 0.25%.
The annualized EPS for the bank stood at Rs. 8.95. The Net worth per share stands at Rs. 167.23. The stock for the period traded at a P/B multiple of 2.47 times.
Financial Highlights:
Particulars |
Nepal SBI Bank Limited |
||
---|---|---|---|
Q1, 2077/2078 |
Q1, 2076/2077 |
Difference |
|
Paid-Up Capital |
8,956,028.88 |
8,956,205.55 |
- |
Share Premium |
0.00 |
0.00 |
- |
Retained Earnings |
1,438,028.88 |
1,412,449.16 |
1.81% |
Reserves |
4,583,417.15 |
4,376,697.43 |
4.72% |
Deposits from Customers |
112,361,847.76 |
110,445,872.82 |
1.73% |
Loans & Advances to Customers |
86,943,284.42 |
89,615,499.85 |
-2.98% |
Net Interest Income |
598,542.80 |
1,035,875.09 |
-42.22% |
Fee and Commission Income |
222,608.35 |
247,635.39 |
-10.11% |
Impairment Charge/ (Reversal) |
-14,770.18 |
45,512.00 |
- |
Personnel Expenses |
398,354.39 |
433,472.17 |
-8.10% |
Operating Profit |
285,439.74 |
624,065.51 |
-54.26% |
Profit/ (Loss) for the period |
200,502.23 |
437,230.98 |
-54.14% |
Total Comprehensive Income |
229,366.42 |
429,707.23 |
- |
Distributable Profit/(Loss) after P/L appropriation and Regulatory Adjustments |
25,830.49 |
- |
- |
Capital Adequacy Ratio (CAR) (%) |
15.27% |
13.69% |
- |
Non-Performing Loan (NPL) |
0.25% |
0.17% |
- |
CCD (as per NRB Directive) |
66.33% |
78.58% |
- |
Cost of Fund (%) |
6.19% |
7.17% |
- |
Base Rate (%) |
8.37% |
9.94% |
- |
Annualized EPS (Rs.) |
8.95 |
19.53 |
-54.14% |
Net Worth per share (Rs.) |
167.23 |
164.64 |
1.58% |
Qtr End PE Ratio (Rs.) |
46.12 |
- |
- |
Qtr End Market Price |
413 |
- |
- |
Price to Book (PB Ratio) |
2.47 |
- |
- |