Sahara Bikash Bank posts rise in profit to Rs. 1.15 crore in Q2; EPS and net worth per share stand at Rs. 14.13 and Rs. 128.80 respectively
Thu, Feb 14, 2019 10:07 AM on Financial Analysis, Latest, Stock Market,
Sahara Bikas Bank (SHBL) has published its unaudited quarterly report for the second quarter of FY 2075/76.
The development bank has a paid up capital of Rs. 16.33 Crore. The reserves of the company saw a growth of 35.58% to stand at Rs. 4.70 Crore by the end of the second quarter. The deposits currently stand at Rs. 68.84 Crore while the loans and advances are worth Rs. 59.35 Crore.
The company’s net interest income fell by 5.67% to Rs. 1.56 crore by the end of the second quarter from Rs. 1.66 crore in the same quarter of last fiscal year. The provision for possible losses fell massively by more than 98% from Rs. 71.34 Lakhs to Rs. 1 Lakh.
The company posted an operating profit and a net profit of Rs. 1.15 crore up from Rs. 85.37 lakhs till the end of Poush of FY 2075/76.
The NPL and EPS of the company fell from 2.61% to 1.36% and Rs. 23.39 to Rs. 14.13 respectively. Net worth per share stands at Rs. 128.80 while PE ratio remains at 32.55 times. The company is in acquisition process by Dev Bikas Bank Limited.
Highlights:
|
Particulars (In Rs '000) |
Sahara Bikash Bank Limited |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
163,367 |
72,995 |
123.81% |
|
Reserve & Surplus |
47,050 |
34,704 |
35.58% |
|
Deposits |
688,472 |
414,975 |
65.91% |
|
Borrowings |
0 |
0 |
- |
|
Loans & Advances |
593,491 |
396,040 |
49.86% |
|
Net Interest Income |
15,658 |
16,598 |
-5.67% |
|
Provision for possible losses |
100 |
7,134 |
-98.60% |
|
Operating Profit |
11,543 |
8,537 |
35.21% |
|
Net Profit |
11,543 |
8,537 |
35.21% |
|
NPL (%) |
1.36 |
2.61 |
-47.89% |
|
Annualized EPS (In Rs.) |
14.13 |
23.39 |
-39.58% |
|
Net Worth per Share (In Rs.) |
128.80 |
147.54 |
-12.70% |
|
P/E ratio |
32.55 |
||
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