Sanima Bank earns Rs 51.88 crore in Q1 with 14.40% growth; Non Performing Loan remains at 0.24%

Sanima Bank Limited (SANIMA) has published its first quarter report for the FY 2076/77 with rise in net profit by 14.40%.

The bank’s profit has increased from Rs 51.88 crore in the first quarter of the fiscal year 2075/76 to Rs 59.36 crore in the first quarter of the fiscal year 2076/77. In the same quarter, the bank has Rs 27.54 crore as distributable profit after PL Appropriation and Regulatory Adjustments.

The bank’s deposit from customers has increased by 7.33% to Rs 95.92 arba and loans and advances to customers also increased by 2.58% to Rs 83.53 arba in the first quarter. The net interest income of the bank has increased by 17.03% to Rs 1.14 arba from Rs 97.84 crore of the corresponding quarter.

The bank’s paid up capital stands at Rs 8.80 arba with Rs 2.89 arba as its reserve and surplus.

The Non-Performing Loan (NPL) has increased to 0.24% from 0.08%.

In the first quarter, the annualized EPS of the bank stands at Rs 26.98. The net worth per share stands at Rs 132.85 and qtr end PE ratio stands at 11.31 times.

Sanima Bank has distributed 10% bonus shares and 11.05 cash dividend to its shareholders for last fiscal year 2075/76.

Click Here for Q1 Report:

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 we have taken number of shares as per Q1 end paid up capital.