Sanima Bank's profit reached almost a billion in Q2 of FY 2075/76; Bank's EPS stands at Rs 24.62
Wed, Jan 30, 2019 10:40 AM on Stock Market, Financial Analysis, Latest,
Sanima Bank Limited (SANIMA) has published its second-quarter report of FY 2075/76. The bank has reported a net profit of Rs 98.20 crore in this quarter against Rs 83.05 crore in the corresponding quarter of last fiscal year.
In the second quarter of the FY 2075/76, the bank has Rs 94.99 crore as Free Profit after Regulatory Adjustments.
The bank’s deposit has growth by 25.08% to Rs 85.68 arba and loans and advances have increased by 26.11% to Rs 77.22 arba in the second quarter. The borrowings of the bank have increased massively by 433% from Rs 44.84 crore to Rs 239.36 crore.
The net interest income of the bank has also increased by 41% to Rs 1.909 arba from Rs 1.354 arba in the corresponding quarter of last fiscal year.
The bank’s paid-up capital stands at Rs 8 arba with Rs 2.64 arba as its reserve.
The Non-Performing Loan (NPL) has increased massively by 700% to 0.24% from 0.03% in the corresponding quarter of last fiscal year.
| Particulars (In Rs '000) | SANIMA | ||
|---|---|---|---|
| Q2 2075/76 | Q2 2074/75 | Difference | |
| Paid Up Capital | 8,001,255 | 8,001,255 | 0.00% |
| Reserve & Surplus | 2,643,851 | 2,038,671 | 29.69% |
| Deposits | 85,680,841 | 68,500,415 | 25.08% |
| Borrowings | 2,393,641 | 448,517 | 433.68% |
| Loans & Advances | 77,227,040 | 61,239,813 | 26.11% |
| Net Interest Income | 1,909,440 | 1,354,251 | 41.00% |
| Operating Profit | 1,393,741 | 1,174,807 | 18.64% |
| Net Profit | 982,087 | 830,526 | 18.25% |
| Add/ Less: Regulatory adjustment as per NRB | -32,106 | -22,207 | 44.58% |
| Free Profit/ (Loss) after Regulatory Adjustments | 949,981 | 808,319 | 17.53% |
| NPL to total loan | 0.24 | 0.03 | 700.00% |
| Annualized EPS (In Rs.) | 24.62 | 20.7 | 18.94% |
| Net Worth per Share (In Rs.) | 133.04 | ||
The EPS of the bank stands at Rs 24.62 and the net worth per share at Rs 133.04. As per the report, the company's P/E ratio is 12.35.
The bank had proposed 14% cash dividend to its shareholders from the profits of FY 74/75. The LTP of the Bank's share stands at Rs 301.
