Sana Kisan reports net profit growth of 35.33% in Q2; EPS stands at Rs 64.38

ShareSansar, February 11:

Sana Kisan Bikas Bank has posted a healthy profit rise of 35.33 percent in the second quarter of the current fiscal year 2071/72.

Publishing the unaudited financial report for the second quarter today, the microfinance institution has stated that its net profit has surged to Rs 7.42 crore by the second quarter end, up from Rs 5.48 crore in the corresponding quarter of the last fiscal year 2070/71.

Its net interest income rose to Rs 15.40 crore in the second quarter from Rs 10.50 crore in the corresponding quarter.

The MFI’s borrowed Rs 5.62 arba and mobilized Rs 6.33 arba in loan as compared Rs 3.81 arba it had mobilized in loan in the corresponding quarter.

It may also be noted that Sana Kisan has been able to drastically reduce its non-performing loan from 0.51 percent to 0.06 percent—which is a huge achievement by any standard.

Sana Kisan annualized EPS is now priced at an impressive Rs 64.38, its net worth per share stands at Rs 406.58 while the P/E ratio stands at 22.07 times.