Siddhartha Bank Q1 profit remains stagnant; earns Rs 52.50 crore and has 18.98 crore as distributable profit
Sun, Nov 10, 2019 6:36 AM on Financial Analysis, Stock Market, Latest,
Siddhartha Bank Limited (SBL) has published its first quarter report for the FY 2076/77 today with slight decline in net profit by 0.69%.
The bank’s profit has decline from Rs 52.50 crore in the first quarter of the fiscal year 2075/76 to Rs 52.14 crore in the first quarter of the fiscal year 2076/77. In the same quarter, the bank has Rs 18.98 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has increased by 3.03% (Compared to Immediate Previous Year Ending) to Rs 1.18 kharba and loans and advances to customers also increased by 3.63% (Compared to Immediate Previous Year Ending) to Rs 1.08 kharba in the first quarter. The net interest income (core business income) of the bank has increased by 15.29% to Rs 1.43 arba from Rs 1.24 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.88 arba with Rs 6.51 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has slightly decline to 1.28% from 1.40%.
In the first quarter, the annualized EPS of the bank stands at Rs 23.47. The net worth per share stands at Rs 173.27 and qtr end PE ratio stands at 12.53 times.
The FY 2075/76 25.26% dividend includes 10% bonus share which is yet to be adjusted in published Q1 report.
Major Highlights:
* 2075/76 figure are of Immediate Previous Year Ending.
* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q1 end paid up capital.
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