Sahara Bikas Bank’s net profit declines by 38.01%; EPS stands at Rs 15.99 in the third quarter
Fri, May 18, 2018 2:39 AM on Financial Analysis, Latest, Stock Market,
Sahara Bikas Bank Limited (SHBL) has posted a decrease in its net profit by 38.01% in the third quarter of the current fiscal year 2074/75.
As per the unaudited report published today, the single district development bank has stated that its net profit has fallen to Rs 87.55 lakh in Q3 of the fiscal year 2074/75 from Rs 1.41 crore in the corresponding quarter of the previous fiscal year 2073/74. It’s operating profit has also shown a decline by 38.01% to Rs lakh.
However, its provision for possible losses has risen by to Rs 45.28 lakh in comparison to Rs 1.55 lakh in corresponding quarter of FY 2073-74.
Its deposit collection reached to Rs 38.42 crore where the bank floated loans of Rs 38.33 crore.
It has a paid up capital of Rs 7.29 crore with Rs 5.42 crore in reserve.
The company has recently floated 250% right shares of Rs 18.24 cr worth. After that the paid up will increase to Rs 25.51 cr. Also, the company in acquisition process by National Level Dev Bikas Bank Limited.
Its NPL stands at 3.06% in the third quarter of the current fiscal year.
Its Earning per Share (EPS) stands at Rs 15.99 where net worth per share stands at Rs 174.26. it has P/E ratio of 28.76 times.
Major Highlights:
Particulars (In Rs '000) |
SHBL |
||
---|---|---|---|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
Paid Up Capital |
72,995 |
67,260 |
8.53% |
Reserve & Surplus |
54,208 |
46,551 |
16.45% |
Deposits |
384,323 |
432,247 |
-11.09% |
Borrowings |
- |
- |
- |
Loans & Advances |
383,331 |
382,730 |
0.16% |
Net Interest Income |
25,243 |
26,450 |
-4.56% |
Provision for possible losses |
4,528 |
155 |
2821.86% |
Operating Profit |
13,758 |
22,194 |
-38.01% |
Net Profit |
8,755 |
14,123 |
-38.01% |
NPL (%) |
3.06 |
- |
- |
Annualized EPS (In Rs.) |
15.99 |
28.00 |
-42.88% |
Net Worth per Share (In Rs.) |
174.26 |
169.21 |
2.99% |
P/E Ratio (In times) |
28.76 |
- |
- |