Shine Resunga Reports 82.97% Rise in Net Profit for Q4; Operating Profit Reaches Rs. 1.73 Arba
Tue, Aug 4, 2026 12:07 PM on Financial Analysis, Highlight News, Company Analysis,
Shine Resunga Development Bank Limited (SHINE) has reported a strong financial performance in the fourth quarter of FY 2082/83, posting a net profit of Rs. 1.18 Arba, an impressive 82.97% increase from Rs. 64.56 crore recorded in the corresponding period of the previous fiscal year. The substantial growth in profitability was primarily supported by higher net interest income, lower funding costs, and improved operational efficiency.
The bank's net interest income increased by 6.90% year-on-year to Rs. 2.82 Arba, compared to Rs. 2.64 Arba in the previous year. Total deposits rose by 8.48% to Rs. 77.85 Arba, while loans and advances expanded by 11.18% to Rs. 63.26 Arba. During the review period, the bank also reported a loan and advances reversal of Rs. 20.79 crore, contributing positively to its earnings.
Operating profit nearly doubled, reaching Rs. 1.73 Arba from Rs. 91.11 crore a year earlier. Retained earnings increased to Rs. 84.64 crore, while total reserves grew to Rs. 2.14 Arba. The bank further strengthened its capital position, with the capital adequacy ratio improving to 13.70% from 12.55% in the previous fiscal year. Meanwhile, the cost of funds declined to 3.68% from 4.85%, although the non-performing loan (NPL) ratio stood at 4.93%.
Reflecting the stronger earnings, earnings per share (EPS) surged to Rs. 23.52 from Rs. 13.24 in the previous year, while net worth per share improved by 5.31% to Rs. 159.48. Based on the quarter-end market price of Rs. 415 per share, the bank's price-to-earnings (P/E) ratio stood at 17.64 times.
Major Financial Highlights:
| Particulars (In Rs '000) | Shine Resunga Development Bank Limited | ||
| Q4 2082/83 | Q4 2081/82 | Difference | |
| Paid Up Capital | 5,021,972.73 | 4,875,701.68 | 3.00% |
| Retained Earnings | 846,498.35 | 668,505.49 | 26.63% |
| Reserves | 2,140,821.45 | 1,839,501.37 | 16.38% |
| Deposit | 77,852,662.14 | 71,767,128.45 | 8.48% |
| Loans & Advances | 63,267,778.53 | 56,907,122.14 | 11.18% |
| Net Interest Income | 2,826,703.20 | 2,644,359.06 | 6.90% |
| Personnel Expenses | 804,253.88 | 714,313.81 | 12.59% |
| Impairment Charges | 207,956.56 | 950,401.15 | -78.12% |
| Operating Profit | 1,737,873.36 | 911,115.55 | 90.74% |
| Net Profit | 1,181,279.44 | 645,627.99 | 82.97% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 846,498.35 | 668,505.49 | 26.63% |
| Capital Adequacy (%) | 13.70 | 12.55 | 9.16% |
| NPL (%) | 4.93 | 4.27 | |
| Cost of Fund (%) | 3.68 | 4.85 | -24.12% |
| Annualized EPS (In Rs.) | 23.52 | 13.24 | 77.64% |
| Net Worth per Share (In Rs.) | 159.48 | 151.44 | 5.31% |
| Qtr end PE Ratio (times) | 17.64 | - | - |
| Qtr End Market Price | 415 | - | - |
