Shangrila Development Bank reports net profit of Rs 33.17 for last quarter of FY 2075/76; EPS stands at Rs 12.73

Shangrila Development Bank Limited (SADBL) has earned Rs 33.17 crore in the fourth quarter of the fiscal year 2075/76. In the previous year corresponding quarter, the net profit figure was Rs 27.5 crore.

Publishing the unaudited financial report today, its net interest income rose to Rs 96.86 crore from Rs 79 crore in corresponding quarter of the previous fiscal year.

The development bank has collected deposits of Rs 22.47 arba in the Q4 up from Rs 17.78 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 19.46 arba in Q4 whereas in the same period last year the figure stood at Rs 14.38 arba.

The development bank’s paid-up capital stands at Rs 2.60 arba with Rs 68.20 crore as reserve.

The non-performing loans of the development bank decreased from 1.62% to 0.80% by the end of the fourth quarter.

SADBL’s earning per share (EPS) stand at Rs 12.73 and its net worth per share at Rs 126.21. The PE Ratio at the end of the fourth quarter stands at 12.49 times.

Condensed financial statement