Sana Kisan Bikas Bank reports 52% surge in net profit; EPS at Rs 62.68

Sana Kisan Bikas Bank Limited (SKBBL) has registered a net profit growth of 52.12% in the second quarter of the current FY 2073/74. According to the unaudited financial report published today, its net profit has increased to Rs 15.81 crore in second quarter, up from Rs 10.39 crore in the corresponding quarter of the previous fiscal year. SKBBL’s net interest income has risen to Rs 29.74 crore in Q2 as compared to Rs. 21.58 crore in the corresponding quarter of the last fiscal year. As of Q2, it has a paid up capital of Rs 50.30 crore with a reserve of Rs 95.69 crore. The bank has borrowed Rs 10.53 arba in Q2, up from Rs 7.93 arba in the corresponding quarter of the previous year. Likewise, it has extended loans and advances of Rs. 12.45 arba in Q2, whereas in the same period last year, the figure stood at Rs 8.59 arba. Its NPL stands at 0.11%. SKBBL’s annualized Earnings per Share (EPS) has decreased to Rs 62.68 per share. Its net worth stands at Rs 290.22 per share with P/E ratio at 16.70 times. Its Capital Adequacy Ratio is 10.33%.