Shine Resunga Development Bank profit declines slightly to Rs 23.72 crore in Q3; Provision for possible losses increases by 141.72%
Tue, Apr 24, 2018 12:34 AM on Financial Analysis, Latest, Stock Market,
Shine Resunga Development Bank Limited (SHINE) has reported slight decrease in net profit by 11.82% in the third quarter of the current fiscal year 2074/75.
As per the report published in newspaper, the development bank has stated that its net profit decreased to Rs 23.72 crore in Q3 from Rs 26.90 crore reported in the corresponding quarter of the previous fiscal year 2073/74.
It has collected deposits of Rs 12.85 arba and floated loans of Rs 11.46 arba in Q3 of current fiscal year.
It’s paid up capital remains at Rs 1.37 arba and has reserve of Rs 50.63 crore.
The development bank’s provision for possible losses increased massively by 141.72% to Rs 4.14 crore in the third quarter of the current fiscal year from Rs 1.71 crore in the corresponding quarter last year while its non-performing loan (NPL) decreased to 0.16% from 0.26%.
Its annualized Earning Per Share (EPS) now stands at Rs 22.94, net worth per share at Rs 136.73 and P/E ratio at 12.21 times.
Major Highlights:
|
Particulars (In Rs '000) |
SHINE |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
1,378,615 |
1,102,892 |
25.00% |
|
Reserve & Surplus |
506,397 |
464,033 |
9.13% |
|
Deposits |
12,856,153 |
9,265,976 |
38.75% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
11,460,574 |
8,368,245 |
36.95% |
|
Net Interest Income |
469,772 |
501,052 |
-6.24% |
|
Provision for possible losses |
41,422 |
17,137 |
141.72% |
|
Operating Profit |
350,102 |
415,098 |
-15.66% |
|
Net Profit |
237,201 |
269,006 |
-11.82% |
|
NPL (%) |
0.16 |
0.26 |
-38.46% |
|
Annualized EPS (In Rs.) |
22.94 |
32.52 |
-29.46% |
|
Net Worth per Share (In Rs.) |
136.73 |
142.07 |
-3.76% |
|
P/E Ratio (In times) |
12.21 |
- |
- |
