Siddhartha Bank reports good performance in Q1; Net worth per share stand at Rs 166.49 with free profit of Rs 31.15 crore
Mon, Nov 5, 2018 8:07 AM on Financial Analysis, Stock Market,
Siddhartha Bank Limited (SBL) has published its first quarter report based on the Nepal Financial Reporting Standards (NFRS). The bank has reported a rise in the comprehensive income by 43.13% in the first quarter of the fiscal year 2075/76.
The bank’s comprehensive income has increased from 34.54 crore in the first quarter of the fiscal year 2074/75 to Rs 49.43 crore in the first quarter of the fiscal year 2075/76. In the first quarter of the FY 2075/76, the bank has Rs 31.15 crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders. Majority of the profit was from the reversal for loans and other losses.
The bank’s deposit has high growth rate of 28.74% to Rs 1 kharba and loans and advances have also increased by 30.09% to Rs 90.67 arba in the first quarter. The net interest income of the bank has also increased to Rs 1.24 arba from Rs 73.98 crore of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.46 arba with Rs 5.62 arba as its reserve.
The Non-Performing Loan (NPL) has also decreased to 1.4% from 2.01%.
In the first quarter, the EPS of the bank stands at Rs 23.36. The net worth per share stands at Rs 166.49.
Major Highlights:
|
Particulars (In Rs '000) |
SBL |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
8,464,385 |
6,844,949 |
23.66% |
|
Reserve & Surplus |
5,627,729 |
4,827,628 |
16.57% |
|
Deposits |
100,253,140 |
77,875,050 |
28.74% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
90,670,512 |
69,699,491 |
30.09% |
|
Net Interest Income |
1,241,974 |
739,839 |
67.87% |
|
Operating Profit |
744,273 |
523,768 |
42.10% |
|
Net Profit |
525,075 |
366,918 |
43.10% |
|
Total Comprehensive Income after Share of NCI |
494,375 |
345,414 |
43.13% |
|
Add/ Less: Regulatory adjustment as per NRB |
-213,485 |
-236,180 |
-9.61% |
|
Free Profit/ (Loss) after Regulatory Adjustments |
311,589 |
130,738 |
138.33% |
|
NPL |
1.4 |
2.01 |
-30.35% |
|
Annualized EPS (In Rs.) |
23.36 |
20.19 |
15.74% |
|
Net Worth per Share (In Rs.) |
166.49 |
178.01 |
-6.47% |
