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

-

-