Shine Resunga Development Bank Limited (SHINE) has reported downfall in profit by 8.76% for the second quarter of the fiscal year 2074/75.
As per the unaudited report for the second quarter published today, the development bank’s net profit falls to Rs 15.14 crore in the second quarter of fiscal year 2074/75, from Rs 16.59 crore in the same quarter of the fiscal year 2073/74.
The development bank has collected 11.94 arba in deposit and extended a total of Rs 10.49 arba in loans and advances in the second quarter of fiscal year 2074/75. In the corresponding quarter of fiscal year 2073/74, the bank deposits stood at Rs 9.20 arba and loan and advances at Rs 8.17 arba.
Its net interest income falls to Rs 30.31 crore in Q2 up from Rs 31.26 crore in the corresponding quarter.
It’s paid up capital remains at Rs 1.37 arba with reserve of Rs 42.06 crore. It had distributed 25% bonus shares from the net profit of FY 2073/74.
SHINE’s non-performing loan (NPL) has diminished to 0.17 percent in this ongoing quarter from 0.35 percent in the corresponding quarter.
Annualized Earning per Share (EPS) of the development bank stands at Rs 21.97 and net worth per share is at Rs 130.51 Its P/E ratio stands at 13.66 times.
Major Highlights:
| Particulars (In Rs '000) |
SHINE |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
1,378,615 |
1,102,892 |
25.00% |
| Reserve & Surplus |
420,631 |
361,010 |
16.52% |
| Deposits |
11,944,783 |
9,205,058 |
29.76% |
| Loans & Advances |
1,049,262 |
8,175,694 |
-87.17% |
| Net Interest Income |
303,104 |
312,690 |
-3.07% |
| Provision for possible losses |
28,670 |
13,405 |
113.88% |
| Operating Profit |
219,775 |
254,317 |
-13.58% |
| Net Profit |
151,434 |
165,982 |
-8.76% |
| NPL (%) |
0.17 |
0.35 |
-51.43% |
| Annualized EPS (In Rs.) |
21.97 |
30.10 |
-27.01% |
| Net Worth per Share (In Rs.) |
130.51 |
132.73 |
-1.67% |
| P/E Ratio (In times) |
13.66 |
- |
- |
