Sahara Bikas Bank posts loss in the first quarter; NPL falls from 5.64% to 2.20% by the end of the first quarter
Thu, Nov 22, 2018 11:16 AM on Financial Analysis, Latest, Stock Market,
Sahara Bikas Bank has published he unaudited quarterly report for the first quarter of FY 75/76. The development bank has a paid up capital of Rs.7.29 Crore that remains unchanged since the corresponding quarter of the previous year. The reserves of the company saw a growth of 30.52% to stand at Rs.5.27 Crore by the end of the first quarter. The deposits currently stand at Rs.63.83 Crore while the loans and advances are worth Rs.42.58 Crore.
The company’s net interest income fell by 1.79% to Rs.59.51 Lakhs by the end of the first quarter. The provision for possible losses fell by more than 98% from Rs.71.33 Lakhs to Rs.99.91 Thousand. The company posted an operating loss of Rs.2.33 Lakhs while the net loss stand at Rs.1.48 Lakhs by the end of the first quarter.
The NPL of company fell from 5.64% to 2.20% by the end of the first quarter. The company’s has previously posted negative EPS of Rs.16.09 which currently stands at Rs.0.20. Net worth per share grew from Rs.155.42 to Rs.172.32 by the end of the first quarter. The company is in process to get acquired by Dev Bikas Bank Limited.
Highlights
|
Particulars (In Rs '000) |
Q1 75/76 |
Q1 74/75 |
Difference |
|---|---|---|---|
|
Paid Up Capital |
72,994.80 |
72,994.80 |
0.00% |
|
Reserve & Surplus |
52,796.85 |
40,450.72 |
30.52% |
|
Deposits |
638,340.97 |
453,494.84 |
40.76% |
|
Loans & Advances |
425,869.69 |
379,881.70 |
12.11% |
|
Net Interest Income |
5,951.13 |
6,059.59 |
-1.79% |
|
Provision for losses |
99.91 |
7,133.71 |
-98.60% |
|
Operating Profit |
(233.58) |
(4,612.63) |
- |
|
Net Profit |
(148.64) |
(2,935.31) |
- |
|
NPL (%) |
2.20% |
5.64% |
-60.99% |
|
EPS (In Rs.) |
0.20 |
(16.09) |
- |
|
Net Worth per Share (In Rs.) |
172.32 |
155.42 |
10.87% |
