Saptakoshi Development Bank report surge in net profit by 57.63% in the last quarter; Net profit reaches Rs 3.70 crore
Tue, Jul 24, 2018 1:55 AM on Financial Analysis, Latest, Stock Market,
Saptakoshi Development Bank (SKDBL) has registered a growth of 57.63% in the last quarter of the FY 2074/75.
According to the unaudited financial report published by the development bank today, its net profit has increased to Rs 3.70 crore in fourth quarter, up from Rs.2.35 crore in the corresponding quarter of the fiscal year 2073/74.
SKDBL’s net interest income has risen to Rs 10.14 crore in Q4 as compared to Rs 6.86 crore in the corresponding quarter of the last fiscal year. As of Q4, it has a paid up capital of Rs 50.81 crore with a reserve of Rs 5.86 crore.
The bank also collected deposits of Rs 1.55 arba till Q4, up from Rs 1.12 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 1.36 arba in Q4 whereas in the same period last year, the figure stood at Rs 85.75 crore.
SKDBL’s annualized Earnings per Share (EPS) stands at Rs 7.29 per share. It has a Net worth of 111.54 per share and P/E ratio of 16.18 times.
Major Highlights:
|
Particulars (In Rs '000) |
SKDBL |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
508,510 |
211,000 |
141.00% |
|
Reserve & Surplus |
58,684 |
34,086 |
72.16% |
|
Deposits |
1,552,707 |
1,121,026 |
38.51% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
1,363,052 |
857,563 |
58.94% |
|
Net Interest Income |
101,473 |
68,631 |
47.85% |
|
Provision for possible losses |
39,381 |
24,278 |
62.21% |
|
Operating Profit |
25,429 |
16,199 |
56.98% |
|
Net Profit |
37,075 |
23,521 |
57.63% |
|
NPL (%) |
0.46 |
0.54 |
-14.81% |
|
Annualized EPS (In Rs.) |
7.29 |
11.15 |
-34.60% |
|
Net Worth per Share (In Rs.) |
111.54 |
116.15 |
-3.97% |
|
P/E Ratio (In times) |
16.18 |
- |
|
.png)
