Shangrila Development Bank reports minimal growth in net profits till second quarter; EPS and net worth at Rs.14.68 and Rs.126.17 respectively

Shangrila Development Bank Limited (SADBL) has earned Rs.19.13 Crore in the second quarter of the fiscal year 2076/77. In the previous year's corresponding quarter, the net profit figure was Rs.19.10 Crore.

Publishing the unaudited financial report today, its net interest income rose to Rs.54.59 Crore from Rs.47.48 Crore in the corresponding quarter of the previous fiscal year.

The development bank has collected deposits of Rs.23.52 Arba in the Q2 up from Rs.19.42 Arba in the previous quarter. Likewise, it has extended loans and advances of Rs.21.27 Arba in Q2.

The development bank’s paid-up capital stands at Rs.2.60 Arba with Rs.55.06 Crore as a reserve.

The non-performing loans of the development bank decreased from 1.24% to 0.68% by the end of the second quarter.

SADBL’s earning per share (EPS) stand at Rs.14.68 and its net worth per share at Rs.126.17. The PE Ratio at the end of the second quarter stands at 9.81 times.