Sewa & Mahakali Bikash Bank earns Rs 7.31 & 1.27 crore respectively in Q3

Sewa Bikash Bank Limited (SEWA) has posted a modest profit growth of 37.83 percent in the third quarter of the current fiscal year. Publishing the unaudited financial report today, the bank stated that its net profit rose to Rs 7.31 crore in the third current fiscal year 2072/73, up from Rs 5.30 crore in the corresponding period of the previous fiscal year 2071/72. Its net interest income has risen from Rs 11.93 crore in corresponding quarter to Rs 15.20 crore in the current quarter. Sewa Bikas Bank’s paid up capital remains at Rs. 42.55 crore The bank has collected Rs 4.37 arba in the Q3 up from Rs 3.52 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 3.84 arba in Q3 whereas in the same period last year the figure stood at Rs 3.10 arba. Its non-performing loan (NPL) has drop to 0.30 percent in Q2 up from 0.34 percent in the previous year report. The bank reserve and surplus increased to Rs.16.81 crore in Q3 up from Rs 13.39 crore in last quarter, rises by 25.54 percent. SEWA’s annualized earning per share (EPS) stand at Rs 17.18, net worth per share at 139.51 and the P/E ratio at 19.91 times. Mahakali Bikash Bank Limited (MBBL) has shown remarkable improvement of Rs 55.12 percent in the third quarter (Q3) of the current fiscal year 2072/73. As per the quarterly report published today, the bank has earned net profit of Rs 1.27 crore in the third quarter of the fiscal year 2072/73 up from Rs 81.97 lakhs in the corresponding period of the previous fiscal year 2071/72. The bank’s net interest income surged to Rs 2.96 crore in the Q3, from Rs 2.78 crore in the corresponding quarter of the previous fiscal year. The paid up capital of the bank remains at Rs 12.72 crore. The bank has collected Rs. 86.03 crore in deposits in Q3 up from Rs 62.38 crore in the same quarter of previous year. Its loan and advances boosted to Rs 70.52 crore in the current fiscal year up from Rs 48.31 crore  in the corresponding period of the previous fiscal year. MBBL non-performing loan has dropped from 3.12 % in the corresponding period of the fiscal year 2071/72 to 1.47% in third quarter of the fiscal year 2072/73. Its annualized Earning per Share (EPS) stood at Rs 13.32; net worth per share is at Rs 139.60 and P/E ratio at 23.46. The credit to deposit ratio (CD ratio) of the bank stands at 69.21%.