Shine and City posts healthy growth; earns Rs 8.59 crore and 5.59 crore in Q2
Sun, Jan 25, 2015 12:00 AM on Financial Analysis,
ShareSansar, January 25:
Shine Resunga Development Bank has posted a profit rise of 31.33 percent in the second quarter of this fiscal year 2071/72 thanks to the increases in net interest income to Rs 16.96 crore.
According to the unaudited financial result of the bank published today, its net profit has jumped to Rs 8.59 crore, up from Rs 6.54 crore during the second quarter of the previous fiscal year 2070/71.
The banks provisioned Rs 1.36 crore for possible losses whereas bank’s is unable to write back any amount this quarter.
The net interest of the bank, however, jumped to Rs 16.96 crore in this second quarter from Rs 12.44 crore in the corresponding period of the previous fiscal year 2070/71.
The bank mobilized Rs 5.60 arba in deposit and Rs 4.92 arba in loan as compared to Rs 4.49 arba in deposit and Rs 3.61 arba in loan it had mobilized in the same period of previous fiscal year.
Similarly, the bank also decreased its non performing loan (NPL) to 0.79 percent from 1.76 percent in the previous fiscal year.
Its EPS (annualized) now stands at Rs 27.15, P/E ratio at 12.38 and net worth per share stands at Rs 132.33.
City Development Bank Limited has posted a profit rise of 20.03 percent in the second quarter of this fiscal year 2071/72.
According to the unaudited financial result of the bank published today, its net profit has jumped to Rs 5.59 crore, up from Rs 4.65 during the second quarter of the previous fiscal year 2070/71.
The banks provisioned Rs 75.49 lakh for possible losses whereas bank’s is unable to write back any amount this quarter.
The net interest of the bank, however, jumped to Rs 11.13 crore in this second quarter from Rs 8.15 crore in the corresponding period of the previous fiscal year 2070/71.
The bank mobilized Rs 4.33 arba in deposit and Rs 3.58 arba in loan as compared to Rs 3.20 arba in deposit and Rs 2.47 in loan it had mobilized in the same period of previous fiscal year.
Its EPS (annualized) now stands at Rs 24.22, P/E ratio at 13.50 and net worth per share stands at Rs 126.53.
