Net profits of Shangrila Development Bank falls by 7.50% in the third quarter; EPS stands at Rs.11.86 and net worth per share at Rs.122.38

Shangrila Development Bank Limited (SADBL) has earned Rs 23.18 crore in the third quarter of the fiscal year 2075/76. The bank has posted fall in profit by 7.50 percent in the third quarter. In the previous year corresponding quarter, the net profit figure was Rs 25.06 crore.

Publishing the unaudited financial report today, its net interest income rose to Rs 68.37 crore from Rs 55.12 crore in corresponding quarter of the previous fiscal year.

The development bank has collected deposits of Rs 20.13 arba in the Q3 up from Rs 14.75 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 18.24 arba in Q3 whereas in the same period last year the figure stood at Rs 14 arba.

The development bank’s paid-up capital stands at Rs 2.60 arba with Rs 58.33 crore as reserve.

The non-performing loans of the development bank increased from 0.70% to 1.09% by the end of the third quarter.

SADBL’s earning per share (EPS) stand at Rs 11.86 and its net worth per share at Rs 122.38. The PE Ratio at the end of the third quarter stands at 11.97 times.