Shangri-la Dev profit rises by 152%, Goodwill Finance earns Rs.84.69 lakhs in Q1

ShareSansar, November 7:

Sangri-la Development Bank Limited shows an impressive performance in this quarter by increasing its net profit by 152% compared to the same period last fiscal year.

Publishing the unaudited financial quarterly report today, the bank stated that its net profit jumped to Rs 3.28 crore, up from Rs 1.30 crore in the corresponding period of the previous fiscal year 2070/71.

Net interest income of the bank increased to Rs. 7.24 crore, up from Rs.2.73 crore in the previous year, which is 165% increment.

The bank mobilized Rs. 6.69 arba in deposits and extended a total of Rs.5.28 arba on loan during the given period.

Also, the bank managed to write back Rs 48.68 lakh from the amount earlier provisioned for the possible losses.

In total the company has set aside Rs. 48.69 crore in the provision for possible loss in the balance sheet.

Non-Performing Loan of banks stands at 0.79% ; which signals outstanding performance in terms of the quality of loan given by the bank.

Shangrila Bank’s annualized EPS is at Rs 20.53, while its P/E ratio stands at 15.63 times and its net worth per share at Rs 144.47.

Similarly, Goodwill Finance Ltd. earns net profit of Rs.84.69 lakh in the first quarter of the FY 2071/72.

Its Net Interest Income stands at Rs.2.67 crore whereas deposit and loan is Rs. 3.21 arba and Rs. 2.30 arba respectively.

Bank’s operating profit stands at Rs. 1.29 crore and Rs.56.15 lakh is set aside for provisioning purpose.

Its NPA is 2.01%, annualized EPS is Rs.10.91 and Net worth per share is Rs.126.33.