Shine Resunga Development Bank reports net worth per share of Rs 153.71 till Q2 2076/77; Net profit of Rs 30.07 crore
Thu, Feb 6, 2020 1:03 PM on Financial Analysis, Latest, Stock Market,
Shine Resunga Development Bank Limited (SHINE) has posted an increase in net profit of 51.13 percent in the second quarter of the fiscal year 2076/77.
As per the unaudited financial report for the second quarter published today, the development bank has stated that it has net profit of Rs.30.07 Crore in the Q2 up from Rs.19.90 Crore in the corresponding period of the previous fiscal year.
Its net interest income increased from Rs.68.66 Crore in Q2 2075/76 to Rs.40.99 Crore in the corresponding quarter previous year. The bank has collected deposits of Rs.26.77 Arba while it has mobilized loans and advances of Rs.23.89 Arba in Q2. The deposit and loan amount stood at Rs.18.85 Arba and Rs.15.89 Arba respectively in the previous quarter.
SHINE has a paid-up capital of Rs.2.62 Arba and reserve of Rs.53.52 Crore.
Its Non-Performing loan (NPL) has increased to 0.61% in Q2. Its annualized Earnings per Share stands at Rs. 22.94 and net worth per share stands at Rs.153.71. Its P/E ratio stands at 11.16 times.
