Nepal SBI reports 12.02% growth in the net profit in Q2 of FY 2075/76; EPS stands at Rs 24.21 with Networth of Rs 152.93 per share
Sun, Jan 27, 2019 9:48 AM on Featured, Financial Analysis, Stock Market,
Nepal SBI Bank Limited (SBI) has reported a rise in the net profit for the second quarter of the fiscal year 2075/76. As per the quarterly report published today, the net profit has increased by 12.02% in Q2 of the current the fiscal year.
The bank’s profit has increased from Rs 91.3 crore in the second quarter of the fiscal year 2074/75 to Rs 1.02 arba in the second quarter of the fiscal year 2075/76. In the second quarter of the FY 2075/76, the bank has Rs 90.22 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 14.87% to Rs 97.84 arba and loans and advances have also increased by 27.45% to Rs 90.92 arba in the second quarter.
The net interest income of the bank has increased to Rs 2.19 arba from Rs 1.88 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.45 arba with Rs 4.47 arba as its reserve as of the end of Q2 of FY 2075/76.
The Non-Performing Loan (NPL) has increased to 0.19% from 0.13%.
In the second quarter, the EPS of the bank stands at Rs 24.21. The net worth per share stands at Rs 152.93.
Major Highlights:
| Particulars (In Rs '000) | SBI | ||
|---|---|---|---|
| Q2 2075/76 | Q2 2074/75 | Difference | |
| Paid Up Capital | 8,449,251 | 8,046,905 | 5.00% |
| Reserve & Surplus | 4,471,838 | 3,692,756 | 21.10% |
| Deposits | 97,837,621 | 85,169,260 | 14.87% |
| Borrowings | 2,662,550 | 4,324,000 | -38.42% |
| Loans & Advances | 90,923,707 | 71,341,293 | 27.45% |
| Net Interest Income | 2,188,347 | 1,884,781 | 16.11% |
| Operating Profit | 1,428,882 | 1,309,959 | 9.08% |
| Net Profit | 1,022,790 | 913,041 | 12.02% |
| Total Comprehensive Income afterShare of NCI | 1,010,984 | 913,041 | 10.73% |
| Add/ Less: Regulatory adjustment as per NRB | -120,574 | 0 | |
| Free Profit/ (Loss) after Regulatory Adjustments | 902,216 | 913,041 | -1.20% |
| NPL | 0.19 | 0.13 | 46.15% |
| Annualized EPS (In Rs.) | 24.21 | 22.69 | 6.70% |
| Net Worth per Share (In Rs.) | 152.93 | - | |
| P/E Ratio (In times) | 16.07 | - | |
