Sarlahi-based, Sahara Bikas Bank Limited (SHBL) has posted net loss of Rs 29.35 lakh in the first quarter (Q1) of the FY 2074/75.
As per the unaudited financial report for the first quarter today, its operating profit is also negative at Rs 46.12 lakh.
Sahara Bikas Bank has paid up capital of 7.29 crore with reserve of Rs 4.04 crore in Q1. Sahara Bikas Bank Limited (SHBL) is in acquisition process by Deva Bikas Bank Limited (DBBL).
The development bank has collected deposits of Rs 45.34 crore in the first quarter, down from Rs 56.10 crore in the corresponding quarter. Likewise, it extended loans and advances of Rs 37.98 crore in Q1 whereas in the same period last year the figure stood at Rs 31.94 crore
Its non-performing loan (NPL) is 5.64% in Q1. Its net worth per share is at Rs 155.41.
Major Highlights:
| Particulars (In Rs '000) |
Sahara Bikas Bank |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
72,995 |
23,600 |
209.30% |
| Reserve & Surplus |
40,450 |
43,845 |
-7.74% |
| Deposits |
453,495 |
561,023 |
-19.17% |
| Borrowings |
- |
- |
#DIV/0! |
| Loans & Advances |
379,881 |
319,460 |
18.91% |
| Net Interest Income |
6,059 |
2,001 |
202.80% |
| Provision for Possible Losses |
7,133 |
3,134 |
127.60% |
| Operating Profit |
(4,612) |
(3,724) |
23.85% |
| Net Profit |
(2,935) |
(2,370) |
23.84% |
| NPL (%) |
5.64 |
4.3 |
31.16% |
| Annualized EPS (In Rs.) |
(16.08) |
(40.17) |
-59.96% |
| Net Worth per Share (In Rs.) |
155.41 |
285.78 |
-45.62% |
| P/E Ratio (In times) |
-28.6 |
- |
- |
Purnima Bikas Bank Limited (PURBL) has posted a decrease in profit by 23.39 percent in the first quarter of the FY 2074/75.
Publishing the unaudited financial report today, the bank stated that its net profit fall to Rs 1.31 crore in Q1 of fiscal year 2074/75 from Rs 1.71 crore in the corresponding period of the previous fiscal year 2073/74.
Purnima Bikas Bank’s paid up capital remains at Rs. 44.04 crore with Rs 22.02 crore in reserve. It has announced 19.19% bonus shares from the net profit of FY 2073/74. After distribution of net profit, its paid up capital will reach to Rs 52.50 crore.
The bank has collected deposits of Rs 2.53 arba in the first quarter up from Rs 2.40 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 2.09 arba in Q1 whereas in the same period last year the figure stood at Rs 1.83 arba.
Its non-performing loan (NPL) has drop to 0.36 percent in Q1 from 0.38 percent in the previous year report.
PURBL’s annualized earning per share (EPS) has decline to Rs 11.95 from Rs 34.06 in corresponding quarter. Its net worth per share stands at Rs 150.01 and P/E ratio at 26.02 times.
Major Highlights:
| Particulars (In Rs '000) |
Purnima Bikas Bank |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
440,481 |
201,709 |
118.37% |
| Reserve & Surplus |
220,274 |
114,986 |
91.57% |
| Deposits |
2,530,347 |
2,403,279 |
5.29% |
| Borrowings |
- |
- |
#DIV/0! |
| Loans & Advances |
2,099,927 |
1,833,613 |
14.52% |
| Net Interest Income |
31,864 |
34,518 |
-7.69% |
| Provision for Possible Losses |
3,146 |
3,431 |
-8.31% |
| Operating Profit |
19,744 |
26,835 |
-26.42% |
| Net Profit |
13,159 |
17,176 |
-23.39% |
| NPL (%) |
0.36 |
0.38 |
-5.26% |
| Annualized EPS (In Rs.) |
11.95 |
34.06 |
-64.92% |
| Net Worth per Share (In Rs.) |
150.01 |
157.01 |
-4.46% |
| P/E Ratio (In times) |
26.02 |
- |
- |
