Saptakoshi Development Bank report slight improvement in Q2; Net profit reaches Rs 1.46 crore
Fri, Jan 25, 2019 7:51 AM on Latest, Stock Market,
Saptakoshi Development Bank Limited (SKDBL) has registered a growth of 33.86% in its net profit in the second quarter of the FY 2075/76.
According to the unaudited financial report published by the development bank today, its net profit has increased to Rs 1.46 crore in second quarter, from Rs.1.09 crore in the corresponding quarter of the fiscal year 2074/75.
SKDBL’s net interest income has risen to Rs 5.79 crore in Q2 as compared to Rs 4.01 crore in the corresponding quarter of the last fiscal year. As of Q2, it has a paid up capital of Rs 50.81 crore with a reserve of Rs 4.78 crore.
The bank also collected deposits of Rs 1.55 arba till Q2, up from Rs 1.16 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 1.46 arba in Q2 whereas in the same period last year, the figure stood at Rs 1.05 arba.
SKDBL’s annualized Earnings per Share (EPS) stands at Rs 5.75 per share and has a Net worth of 109.41 per share.
Major Highlights:
Particulars (In Rs '000) |
SKDBL |
||
---|---|---|---|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
Paid Up Capital |
508,510 |
485,300 |
4.78% |
Reserve & Surplus |
47,862 |
33,216 |
44.09% |
Deposits |
1,554,155 |
1,161,749 |
33.78% |
Borrowings |
- |
- |
- |
Loans & Advances |
1,466,212 |
1,054,272 |
39.07% |
Net Interest Income |
57,915 |
40,195 |
44.09% |
Provision for possible losses |
26,484 |
19,811 |
33.68% |
Operating Profit |
3,365 |
2,303 |
46.11% |
Net Profit |
14,607 |
10,912 |
33.86% |
NPL (%) |
1.31 |
0.96 |
36.46% |
Annualized EPS (In Rs.) |
5.75 |
4.50 |
27.75% |
Net Worth per Share (In Rs.) |
109.41 |
106.84 |
2.40% |