Shine Resunga Development Bank’s profit decreases to Rs 32.25 crore in Q4; Reserve & Provision for possible losses increase by 119.51% & 126.57% respectively; NPL decrease by 68.18% to reach 0.07%
Tue, Jul 31, 2018 7:35 AM on Financial Analysis, Latest, Stock Market,
Shine Resunga Development Bank Limited (SHINE) has posted decrease net profit of 7.95 percent in the fourth quarter of the fiscal year 2074/75.
As per the unaudited financial report for the last quarter published today, the development bank has stated that it has accumulated net profit of Rs 32.25 crore in the Q4 down from Rs 35.04 crore in the corresponding period of previous fiscal year report.
Its net interest income decreased to Rs 65.90 crore in Q4 from Rs 66.52 crore in the corresponding quarter previous year. The bank has collected deposits of Rs 14.53 arba while it has mobilized loans and advances of Rs 12.38 arba in Q4. The deposit and loan amount stood at Rs 10.26 arba and Rs 8.78 arba respectively in the previous year corresponding quarter.
SHINE has a paid up capital of Rs 1.37 arba and reserve of Rs 59.09 crore.
Its Non-Performing loan (NPL) has decreased from 0.22% in corresponding quarter to 0.07% in Q4. Its Earnings per Share (annualized) stands at Rs 23.40 and net worth per share stands at Rs 142.86. Its P/E ratio stands at 11.58 times.
Major Highlights:
|
Particulars (In Rs '000) |
SHINE |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
1,378,615 |
1,378,615 |
0.00% |
|
Reserve & Surplus |
590,904 |
269,197 |
119.51% |
|
Deposits |
14,539,917 |
10,268,966 |
41.59% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
12,387,423 |
8,788,170 |
40.96% |
|
Net Interest Income |
659,017 |
665,213 |
-0.93% |
|
Provision for possible losses |
46,258 |
20,416 |
126.57% |
|
Operating Profit |
483,331 |
540,201 |
-10.53% |
|
Net Profit |
322,599 |
350,471 |
-7.95% |
|
NPL (%) |
0.07 |
0.22 |
-68.18% |
|
Annualized EPS (In Rs.) |
23.40 |
25.42 |
-7.95% |
|
Net Worth per Share (In Rs.) |
142.86 |
119.53 |
19.52% |
|
P/E Ratio (In times) |
11.58 |
- |
- |
