Sanima Bank earns Rs 1.06 arba in Q2; has Rs 89.26 crore as distributable profit with NPL of 0.58%
Wed, Jan 27, 2021 5:07 AM on Financial Analysis, Company Analysis, Latest,
Sanima Bank Limited (SANIMA) has published its second-quarter report for the FY 2077/78 with a fall in net profit by 7.38%.
The bank’s profit has decreased from Rs 1.14 arba in the second quarter of the fiscal year 2076/77 to Rs 1.06 arba in the second quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 89.26 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has a growth rate of 2.79% (compared to the immediate previous year ending) to Rs 1.10 kharba and loans and advances to customers have increased by 11.88% (compared to the immediate previous year ending) to Rs 1.01 kharba in the second quarter. The net interest income of the bank has decreased by 7.98% to Rs 1.99 arba from Rs 2.16 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs 9.68 arba with Rs 3.89 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has slightly increased to 0.58% from 0.41%.
In the second quarter, the annualized EPS of the bank stands at Rs 21.96. The net worth per share stands at Rs 140.28 and the qtr end PE ratio stands at 16.76 times.
Financial Highlights:
* Figure is of Immediate Previous Year Ending
|
Particulars (In Rs '000) |
Sanima Bank |
||
|---|---|---|---|
|
Q2 2077/78 |
Q2 2076/77 |
Difference |
|
|
Share Capital* |
9,681,519 |
8,801,381 |
10.00% |
|
Share Premium* |
0 |
0 |
|
|
Retained Earnings* |
892,658 |
1,197,038 |
-25.43% |
|
Reserves* |
3,006,873 |
2,820,186 |
6.62% |
|
Deposits from Customers* |
110,241,439 |
107,250,203 |
2.79% |
|
Loans & Advances to customers* |
101,641,942 |
90,850,351 |
11.88% |
|
Net Interest Income |
1,995,076 |
2,167,987 |
-7.98% |
|
Impairment Charge/(Reversal) |
117,643 |
218,288 |
0.00% |
|
Personnel Expenses |
668,271 |
621,665 |
7.50% |
|
Operating Profit |
1,505,637 |
1,623,794 |
-7.28% |
|
Profit/(Loss) for the Year |
1,062,796 |
1,147,465 |
-7.38% |
|
Total Comprehensive Income |
1,087,763 |
1,143,932 |
-4.91% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
892,608 |
|
|
|
Capital Adequacy Ratio (CAR) |
15.04 |
12.78 |
17.68% |
|
NPL |
0.58 |
0.41 |
41.46% |
|
CCD (as per NRB Directives) |
81.6 |
78.05 |
4.55% |
|
Cost of Fund (%) |
5.16 |
7.33 |
-29.60% |
|
Interest Rate Spread (%) |
4.21 |
5.04 |
-16.47% |
|
Base Rate (%) |
6.83 |
9.29 |
-26.48% |
|
Annualized EPS (In Rs.) |
21.96 |
26.07 |
-15.80% |
|
Net Worth per Share (In Rs.) |
140.28 |
145.64 |
-3.68% |
|
Qtr End PE Ratio (times) |
16.76 |
- |
- |
|
Qtr End Market Price |
368 |
- |
- |
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