Sanima Bank earns Rs 1.61 arba till Q3 with 2.75% growth; has Rs 57.67 crore in distributable profit

Sanima Bank Limited (SANIMA) has published its third quarter report for the FY 2076/77 with rise in net profit by 2.75%. The bank’s profit has increased from Rs 1.57 arba in the third quarter of the fiscal year 2075/76 to Rs 1.61 arba in the third quarter of the fiscal year 2076/77.

In the same quarter, the bank has Rs 57.67 crore as distributable profit after PL Appropriation and Regulatory Adjustments whereas distributable profit stands at Rs 1.11 arba in the corresponding quarter due to low credit recovery. This will lower dividend distribution capacity of the bank this fiscal year.

The bank’s deposit from customers has growth rate of 12.79% (compared to immediate previous year ending) to Rs 1 kharba and loans and advances to customers have increased by 13.14% (compared to immediate previous year ending) to Rs 89.37 arba in the third quarter. The net interest income of the bank has increased by 11.06% to Rs 3.24 arba from Rs 2.91 arba of the corresponding quarter.

The bank’s paid up capital stands at Rs 8.80 arba with Rs 3.89 arba as its reserve and surplus. The Non-Performing Loan (NPL) has increased slightly to 0.16% from 0.12%. In the third quarter, the annualized EPS of the bank stands at Rs 24.52. The net worth per share stands at Rs 144.24 and qtr end PE ratio stands at 13.21 times.

Major Highlights:

 * 2075/76 figure are of Immediate Previous Year Ending.

* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but here we have taken number of shares as per Q3 end paid up capital.