Siddhartha Bank Limited reports slight decline in core business revenue; EPS at Rs. 25.12, NPL at 0.88%
Tue, Apr 27, 2021 7:14 AM on Latest, Company Analysis,
Siddhartha Bank Limited (SBL) has published its third-quarter report for the FY 2077/78 with an outstanding rise in net profit by 54.12%. The bank’s profit has increased from Rs 1.33 Arba in the third quarter of the fiscal year 2076/77 to Rs 2.06 Arba in the third quarter of the fiscal year 2077/78.
In the same quarter, the bank has Rs 83.14 crores as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has a growth rate of 23.42% (compared to the immediate previous year ending) to Rs 1.72 kharba and loans and advances to customers have increased by 23.86% (compared to the immediate previous year ending) to Rs 1.53 kharba in the third quarter. The net interest income of the bank has decreased by 6.03% to Rs 3.93 Arba from Rs 4.18 Arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs 10.96 Arba with Rs 8.97 Arba as its reserve and surplus.
The Non-Performing Loan (NPL) has declined to 0.88% from 2.24%.
In the third quarter, the annualized EPS of the bank stands at Rs 25.12. The net worth per share stands at Rs 181.89 and the qtr end PE ratio stands at 17.72 times.
Financial Highlights:
* FY 2076/77 Figure is of Immediate Previous Year Ending
|
Particulars |
Siddhartha Bank Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Share Capital |
10,962,299.20 |
9,787,767.14 |
12.00% |
|
Reserve & Surplus |
8,977,222.71 |
6,223,503.53 |
44.25% |
|
Loans and Advances |
153,055,395.15 |
123,572,725.47 |
23.86% |
|
Deposit from Customers |
172,311,891.37 |
139,609,497.54 |
23.42% |
|
Net Interest Income |
3,933,116.32 |
4,185,447.67 |
-6.03% |
|
Impairment charge/(Reversal) for loans |
411,995.56 |
1,023,127.20 |
- |
|
Operating Profit |
2,983,944.19 |
1,979,353.35 |
50.75% |
|
Net Profit |
2,065,238.52 |
1,339,983.33 |
54.12% |
|
Capital Adequacy Ratio (CAR) |
13.37% |
11.86% |
- |
|
Non-performing Loan (%) |
0.88% |
2.24% |
- |
|
Cost of Funds (%) |
5.09% |
7.23% |
- |
|
Base Rate (%) |
6.99% |
9.98% |
- |
|
CCD Ratio (as per NRB Directives) |
78.01% |
78.77% |
- |
|
Annualized EPS (Rs.) |
25.12 |
18.25 |
- |
|
Net Worth per share (Rs.) |
181.89 |
163.58 |
- |
|
Price to Earnings (Times) |
17.72 |
- |
- |
|
Price to Book (Times) |
2.45 |
- |
- |
