Sahara Bikas Bank reports 55% rise in net profit for Q4 of 2075/76; EPS of the bank stands at Rs 11.82 with PE ratio of 38.12 times

Sahara Bikas Bank (SHBL) has published its unaudited quarterly report for the fourth quarter of FY 2075/76. The net profit of the company increased by 55.91% to Rs. 1.93 crore.

The development bank has a paid up capital of Rs. 16.33 Crore. The reserves of the company saw a growth of 26.37% to stand at Rs. 6.90 Crore by the end of the fourth quarter. The deposits currently stand at Rs. 79.20 Crore while the loans and advances are worth Rs. 64.49 Crore.

The company’s net interest income increased by 27.01% to Rs. 4.45 crore by the end of the fourth quarter from Rs. 3.51 crore in the same quarter of last fiscal year. The provision for possible losses has increased from Rs 15.94 lakh to Rs 33.17 lakh this Q4.

The company posted an operating profit of Rs 3.04 crore and a net profit of Rs. 1.93 crore up from Rs. 1.94 crore and Rs 1.23 crore till the end of FY 2075/76.

The NPL of the company fell from 0.79% to 0.56%. Net worth per share stands at Rs. 142.28 while annualized PE ratio remains at 38.12 times. The annualized EPS stands at Rs. 11.82.

The company is in acquisition process by Deva Bikas Bank Limited and its trading in NEPSE has been in halt.

Q4 report