Sajha Bikas Bank Limited (SAJHA) has shown outstanding progress in the fourth quarter of the last fiscal year 2073/74.
As per the unaudited financial report, the bank stated that its net profit rose to Rs 1.57 crore in Q4 of fiscal year 2073/74, from net loss of Rs 42.34 lakh in the corresponding period of the previous fiscal year 2072/73.
This increase in profit has propelled its Earnings Per Share (EPS) by 472.25% to Rs 15.76 per share at the end of Q4.
As of Q4, Sajha Bikas Bank’s deposit base stands at Rs 51.21 crore. Out of this, it has floated loans of Rs 37.06 crore. Its P/E ratio stand at 13.89 times.
Its net interest income has risen from Rs 2.74 crore in the corresponding quarter previous year to Rs 3.44 crore in the current quarter Q4 this fiscal year. Sajha Bikas Bank’s paid up capital stand at Rs 10 crore.
Meanwhile, Its non-performing loan (NPL) has increased to 4.24% in Q4 from 3.12% last year.
Its paid up capital now stands at Rs 10 crore with net worth of Rs 86.96 per share. The bank’s reserve and surplus is still in negative of Rs 1.30 crore in Q4 from Rs 2.06 crore in the corresponding quarter.
Sajha Bikas Bank is in process of acquisition by Deva Bikas Bank. The trading of the bank has been suspended in Nepal Stock Exchange Limited (NEPSE).
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
100,000 |
100,000 |
- |
| Reserve and Surplus |
(13,041) |
(20,679) |
36.93 |
| Deposits |
512,181 |
509,354 |
0.55 |
| Loans and Advances |
370,632 |
349,354 |
6.09 |
| Net Interest Income |
34,450 |
27,418 |
25.65 |
| Provision |
16,135 |
10,549 |
52.95 |
| Write Back |
22,425 |
- |
#DIV/0! |
| Operating Profit |
(5,291) |
(4,234) |
24.96 |
| Net Profit |
15,762 |
(4,234) |
472.25 |
| Capital Adequacy Ratio (%) |
18.24 |
18.45 |
(1.14) |
| NPL (%) |
4.24 |
3.12 |
35.90 |
| CD Ratio (as per NRB) )%) |
61.86 |
59.11 |
4.65 |
| EPS (Annualized) |
15.76 |
(4.23) |
472.25 |
| Networth Per Share |
86.96 |
79.32 |
9.63 |
| P/E Ratio |
13.89 |
|
