Sana Kisan Bank’s outstanding performance ends its fiscal year 2074/75; Net profit rises by 21.23% and EPS stands at Rs 63.75

Mon, Aug 13, 2018 6:06 AM on Financial Analysis, Latest, Stock Market,

Sana Kisan Bikas Bank Limited (SKBBL) has shown incline in net profit by 21.23 percent in the fourth quarter (Q4) of the fiscal year 2074/75.

Publishing the unaudited financial report for the fourth quarter today, the microfinance company stated that its net profit inclined to Rs 40.08 crore in the Q4 of fiscal year 2074/75, up from Rs 33.06 crore in the corresponding period of the previous fiscal year 2073/74.

Its net interest income has also risen from Rs 63.82 crore in corresponding quarter to Rs 76.32 crore in the third quarter.

Its paid up capital remains at Rs 62.88 crore with reserve of Rs 1.37 arba in Q4.

The company has borrowings of Rs 15.75 arba in the fourth quarter, up from Rs 11.94 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 16.89 arba in Q4 whereas in the same period last year the figure stood at Rs 13.99 arba.

Its non-performing loan (NPL) has remained at 0.04% in Q4 in the fiscal year 2074/75.

Its annualized earning per share (EPS) stands at Rs 63.75, net worth per share at Rs 319.06 and the P/E ratio at 18.20 times.

Major Highlights:

Particulars (In Rs '000)

SKBBL

Q4 2074/75

Q4 2073/74

Difference

Paid Up Capital

628,828

503,062

25.00%

Reserve & Surplus

1,377,505

1,111,010

23.99%

Deposits

-

-

-

Borrowings

15,750,414

11,949,491

31.81%

Loans & Advances

16,891,223

13,994,935

20.70%

Net Interest Income

763,256

638,279

19.58%

Provision for possible losses

66,879

35,489

88.45%

Operating Profit

601,903

518,253

16.14%

Net Profit

400,858

330,667

21.23%

NPL (%)

0.04

0.1

-60.00%

Annualized EPS (In Rs.)

63.75

65.73

-3.02%

Net Worth per Share (In Rs.)

319.06

320.85

-0.56%

P/E Ratio (In times)

18.20

-

-