Rise in core business income by 43.98% helps Siddhartha Bank Limited to earns Rs 1.59 arba till Q3; loans touches Rs 1 kharba

Siddhartha Bank Limited (SBL) has published its third quarter report for the FY 2075/76 with satisfactory 15.38% growth in net profit.

The bank’s profit has increased from Rs 1.38 arba in the third quarter of the fiscal year 2074/75 to Rs 1.59 arba in the third quarter of the fiscal year 2075/76. In the same quarter, the bank has Rs 89.53 crore as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. If the profit growth of this quarter continues in fourth quarter then the company will have Rs 1.19 arba (approx.) as distributable profit. This means SBL can distribute around 13% (approx.) dividend from the earnings of FY 2075/76 next year if other regulatory requirements are not required.

The bank’s deposit rises by 11.69% to Rs 1.05 kharba whereas loans and advances have also increased by 21.90% to Rs 1.01 kharba in the third quarter. The net interest income (core business income) of the bank has also increased to Rs 3.40 arba from Rs 2.36 arba of the corresponding quarter.

The bank’s paid up capital stands at Rs 8.37 arba with Rs 3.66 arba as its reserve. The Non-Performing Loan (NPL) has remains stable at 1.36%.

In the third quarter, the annualized EPS of the bank stands at Rs 23.90. The net worth per share stands at Rs 162.75 and PE ratio stands at 13.13 times.

Click Here for Q3 report:

Major Highlights:

* Figure are of Immediate Previous Year Ending (Audited)

* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q3 end paid up capital.