Siddhartha Bank reports 23% rise in net profit; EPS rises to Rs 24.07 in Q2
Wed, Jan 23, 2019 7:42 AM on Featured, Financial Analysis, Stock Market,
Siddhartha Bank Limited (SBL) has published its second quarter report based on the Nepal Financial Reporting Standards (NFRS). The bank has reported a rise in the net profit by 23.01% in the second quarter of the fiscal year 2075/76.
The bank’s net profit has increased from Rs 86.93 crore in the second quarter of the fiscal year 2074/75 to Rs 1.06 arba in the second quarter of the fiscal year 2075/76. In the second quarter of the FY 2075/76, the bank has Rs 87.05 crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.
The bank’s deposit has high growth rate of 24.33% to Rs 1.06 kharba and loans and advances have also increased by 26.78% to Rs 97.50 arba in the second quarter. The net interest income of the bank has also increased to Rs 2.28 arba from Rs 1.53 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.88 arba with Rs 5.19 arba as its reserve.
The Non-Performing Loan (NPL) has also increased to 1.64% from 1.50%.
In the second quarter, the EPS of the bank stands at Rs 24.07. The net worth per share stands at Rs 158.48.
Major Highlights:
|
Particulars (In Rs '000) |
SBL |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
8,887,605 |
7,056,515 |
25.95% |
|
Reserve & Surplus |
5,197,228 |
5,165,661 |
0.61% |
|
Deposits |
106,384,914 |
85,566,023 |
24.33% |
|
Borrowings |
1,774,541 |
445,752 |
298.10% |
|
Loans & Advances |
97,507,052 |
76,913,132 |
26.78% |
|
Net Interest Income |
2,288,837 |
1,534,050 |
49.20% |
|
Operating Profit |
1,521,943 |
1,241,568 |
22.58% |
|
Net Profit |
1,069,444 |
869,377 |
23.01% |
|
Total Comprehensive Income afterShare of NCI |
1,072,698 |
595,539 |
80.12% |
|
Add/ Less: Regulatory adjustment as per NRB |
(158,942) |
(151,919) |
- |
|
Free Profit/ (Loss) after Regulatory Adjustments |
870,501 |
717,458 |
21.33% |
|
NPL |
1.64 |
1.50 |
9.33% |
|
Annualized EPS (In Rs.) |
24.07 |
24.64 |
-2.33% |
|
Net Worth per Share (In Rs.) |
158.48 |
173.20 |
-8.50% |
|
P/E Ratio (In times) |
11.86 |
- |
- |
