Nepal SBI Bank’s decent performance with EPS of Rs 24.35; Net profit rises by 11.60% in Q1

Fri, Nov 16, 2018 10:51 AM on Financial Analysis, Latest, Stock Market,

Nepal SBI Bank Limited (SBI) has reported a rise in the net profit for the first quarter of the fiscal year 2075/76. As per the quarterly report published today, the net profit has increased by 11.60% in Q1 of the current the fiscal year.

The bank’s profit has increased from Rs 43.88 crore in the first quarter of the fiscal year 2074/75 to Rs 48.97 crore in the first quarter of the fiscal year 2075/76. In the first quarter of the FY 2075/76, the bank had Rs 27.97 crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.

The bank’s deposit has decent growth rate of 9.06% to Rs 94.46 arba and loans and advances have also increased by 24.14% to Rs 84.62 arba in the first quarter.

The net interest income of the bank has increased to Rs 1.06 arba from Rs 90.20 crore of the corresponding quarter.

The bank’s paid up capital stands at Rs 8.04 arba with Rs 5.26 arba as its reserve as of the end of Q1 of FY 2075/76.

The Non-Performing Loan (NPL) has increased to 0.20% from 0.13%.

In the first quarter, the EPS of the bank stands at Rs 24.35. The net worth per share stands at Rs 165.38.

Major Highlights: 

Particulars (In Rs '000)

SBI

Q1 2075/76

Q1 2074/75

Difference

Paid Up Capital

8,046,905

6,971,798

15.42%

Reserve & Surplus

5,260,852

4,350,273

20.93%

Deposits

94,467,877

86,620,009

9.06%

Borrowings

2,510,080

5,668,000

-

Loans & Advances

84,625,841

68,170,343

24.14%

Net Interest Income

1,060,166

902,052

17.53%

Operating Profit

696,319

604,099

15.27%

Net Profit

489,775

438,866

11.60%

Total Comprehensive Income afterShare of NCI

485,363

438,866

10.59%

Add/ Less: Regulatory adjustment as per NRB

(205,588)

(113,667)

-

Free Profit/ (Loss) after Regulatory Adjustments

279,775

325,199

-13.97%

NPL

0.20

0.13

53.85%

Annualized EPS (In Rs.)

24.35

25.18

-3.31%

Net Worth per Share (In Rs.)

165.38

162.40

1.83%

P/E Ratio (In times)

20.21

-

-