Siddhartha Bank Limited (SBL) has reported 12.99% increase in its net profit in the fourth quarter (Q4) of the last fiscal year 2073/74.
According to the unaudited financial report published by the commercial bank today, its net profit has surged to Rs 1.41 arba in fourth quarter, up from Rs 1.25 arba in the corresponding quarter of the last fiscal year 2072/73. The operating profit also increased to Rs 1.85 arba in Q4 from Rs 1.65 arba as compared to the corresponding quarter of last fiscal year.
However, Its earnings per share (EPS) last year was Rs 27.91 in the same quarter while after the increase in its paid up capital, its EPS has now shrunk to Rs 21.39 only in Q4. Its net worth per share stand at 149.54 per share and P/E ratio is at 22.67 times.
Recently, SBL had issued 30% right share and will further issue 10% right share to its shareholders
SBL’s net interest income has risen to Rs 2.65 arba in the fourth quarter as compared to Rs 2.11 arba in the corresponding quarter last year. Its deposits collection increased by 19.07% to Rs 77.31 arba in Q4 from Rs 64.94 arba in the corresponding period last year.
Likewise, it has also been able to increase its loans by similar figures. Up to the end of Q4, it extended loans and advances of Rs 66.06 arba whereas in the same period last year, the figure stood at Rs 55.35 arba.
Its non-performing loan has slightly decreased in this period to 1.15% compared to 1.47% in corresponding quarter.
Its paid up capital now stands at Rs 6.62 arba. SBL managed to increase its reserve by 88.13% in Q4.
Major Highlights:
Indicators (Rs in "000")
|
FY 2073/74 Q4
|
FY 2072/73 Q4
|
Growth (%)
|
Paid Up Capital
|
6,628,879
|
4,496,143
|
47.43
|
Reserve and Surplus
|
3,284,060
|
1,745,651
|
88.13
|
Deposits
|
77,317,559
|
64,934,359
|
19.07
|
Loans and Advances
|
66,063,478
|
55,350,891
|
19.35
|
Net Interest Income
|
2,653,786
|
2,775,184
|
(4.37)
|
Provision
|
329,210
|
259,340
|
26.94
|
Write Back
|
286,228
|
157,364
|
81.89
|
Operating Profit
|
1,850,731
|
1,653,131
|
11.95
|
Net Profit
|
1,418,006
|
1,254,918
|
13.00
|
Capital Adequacy Ratio (%)
|
13.16
|
11.25
|
16.98
|
NPL (%)
|
1.15
|
1.47
|
(21.77)
|
Base Rate (%)
|
10.38
|
6.65
|
56.09
|
Cost of Fund (%)
|
5.40
|
3.84
|
40.63
|
CD Ratio (as per NRB) )%)
|
76.71
|
77.55
|
(1.08)
|
EPS (Annualized)
|
21.39
|
27.91
|
(23.36)
|
Networth Per Share
|
149.54
|
138.83
|
7.72
|
P/E Ratio
|
22.67
|
-
|
|
