Sahayogi Vikas Bank posts fall in the net profits for the third quarter; EPS stands at Rs.18.43 and net worth per share at Rs.138.93

Fri, Apr 26, 2019 12:07 PM on Financial Analysis, Latest, Stock Market,

Sahayogi Vikas Bank Limited (SBBLJ) has posted a fall in its profit in the third quarter of the fiscal year 2075/76. It has posted a fall of 7.76% in its net profit in the third quarter of the fiscal year 2075/76.

According to the unaudited financial report published by the development bank today, its net profit stands at Rs.7.04 Crore in third quarter, from Rs.7.63 Crore in the corresponding quarter of the last fiscal year 2074/75. The operating profit has increased to Rs.7.89 Crore from Rs.7.76 Crore as compared to the corresponding quarter of last fiscal year.

SBBLJ has negative growth of 2.62% in its net interest income, currently at Rs.15.07 Crore. Its deposit collection has reached Rs.4.33 Arba in Q3. Likewise, it has extended loans and advances of Rs.3.85 Arba in Q3 whereas in the same period last year the figure stood at Rs.2.94 Arba.

The paid up capital of the development bank stands at Rs.50.96 Crore with reserves of Rs.19.83 Crore. Its non-performing loan has risen to 1.69 percent in Q3 from 1.32 percent in the previous year report.

Annualized Earnings per share (EPS) of SBBLJ stands at Rs.18.43 and net worth per share at Rs.138.93 as of the end of third quarter. The bank posted a PE Ratio of 10.26 times.