Sanima Bank reports an outstanding Q3 results with 30.76% growth in net profit; has dividend capacity of 18%

Sanima Bank Limited (SANIMA) has published an outstanding third quarter report of FY 2075/76 with 30.76% growth in net profit.

The Sanima bank’s profit has increased to Rs 1.57 arba from Rs 1.20 arba in the corresponding quarter. In the same quarter, the bank has Rs 1.11 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. If the profit growth of this quarter continues in fourth quarter then the company will have Rs 1.48 arba (approx.) as distributable profit. This means SANIMA Bank can distribute around 18% (approx.) dividend from the earnings of FY 2075/76 next year if other regulatory requirements are not required.

The bank’s deposit rises by 9.53% to Rs 85.26 arba whereas loans and advances have also increased by 17.07% to Rs 79.13 arba in the third quarter. The net interest income of the bank has also increased by an outstanding 39.47% to Rs 2.91 arba from Rs 2.09 arba of the corresponding quarter.

The bank’s paid up capital stands at Rs 8 arba with Rs 3.22 arba as its reserve. The Non-Performing Loan (NPL) has remains low at 0.12%.

In the third quarter, the annualized EPS of the bank stands at Rs 26.25. The net worth per share stands at Rs 140.32 and PE ratio stands at 12.11 times.

Click Here for Q3 Report:

Major Highlights:

* Figure are of Immediate Previous Year Ending (Audited)

* 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.