Sindhu Bikas Bank and Tinau Development Bank report decline in net profit; EPS stand at Rs 3.14 and Rs 14.15 respectively
Wed, Aug 1, 2018 2:44 AM on Financial Analysis, Latest, Stock Market,
Sindhu Bikas Bank Limited (SINDU) has registered 57% decrease in net profit in the fourth quarter of the fiscal year 2074/75. Its net profit has decreased to Rs 1.56 crore in fourth quarter from Rs 3.72 crore in the corresponding quarter of the fiscal year 2073/74.
According to the unaudited financial report published by the development bank today, its interest income has increased to Rs 10.91 crore in Q4 as compared to Rs 9.98 crore in the corresponding quarter.
It’s paid up capital remains at Rs 50 crore with Rs 6.17 crore in its reserve.
Deposits collection reached Rs 2.27 arba in Q4 and floated loans of Rs 1.55 arba.
Its non-performing loan has increased to 2.92 percent in Q4 up from 0.84 percent in the previous year report.
Its annualized earning per share (EPS) stand at Rs 3.14, Net worth per share at Rs 112.34 and P/ E ratio at 41.76 times.
Major Highlights:
|
Particulars (In Rs '000) |
SINDU |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
500,027 |
262,193 |
90.71% |
|
Reserve & Surplus |
61,711 |
69,966 |
-11.80% |
|
Deposits |
2,274,731 |
1,905,605 |
19.37% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
1,558,889 |
1,397,921 |
11.51% |
|
Net Interest Income |
109,125 |
99,980 |
9.15% |
|
Provision for possible losses |
21,606 |
74,447 |
-70.98% |
|
Operating Profit |
24,647 |
58,516 |
-57.88% |
|
Net Profit |
15,684 |
37,238 |
-57.88% |
|
NPL (%) |
2.92 |
0.84 |
247.62% |
|
Annualized EPS (In Rs.) |
3.14 |
14.20 |
-77.91% |
|
Net Worth per Share (In Rs.) |
112.34 |
126.69 |
-11.32% |
|
P/E Ratio (In times) |
41.76 |
- |
|
Tinau Development Bank (TNBL) has registered a net profit decline of 25.81 percent in the fourth quarter (Q4) of the fiscal year 2074/75.
As per the unaudited report for the fourth quarter published today, the bank’s net profit has fallen to Rs 7.17 crore in the fourth quarter of fiscal year 2074/75, which was Rs 9.67 crore reported in the same quarter of the fiscal year 2073/74.
The bank has collected Rs 4.91 arba in deposits and disbursed Rs 3.93 arba in loans in Q4 as compared to Rs 3.89 arba in deposits and Rs 3.24 arba in loans in the corresponding quarter last year. Its Non performing loan has decreased to 0.3% from corresponding quarter’s 0.75%.
The company has Rs 50.69 crore as the paid up capital with Rs 14.72 crore in its reserve.
The annualized EPS of the development bank stands at Rs 14.15 and the Net worth of the company stands at Rs 129.05. It has the PE ratio of 11.94 times.
Major Highlights:
|
Particulars (In Rs '000) |
TNBL |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
506,935 |
460,850 |
10.00% |
|
Reserve & Surplus |
147,239 |
144,347 |
2.00% |
|
Deposits |
4,915,765 |
3,897,805 |
26.12% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
3,930,230 |
3,246,170 |
21.07% |
|
Net Interest Income |
183,004 |
2,054,810 |
-91.09% |
|
Provision for possible losses |
20,940 |
18,675 |
12.13% |
|
Operating Profit |
92,648 |
143,019 |
-35.22% |
|
Net Profit |
71,756 |
96,720 |
-25.81% |
|
NPL (%) |
0.3 |
0.75 |
-60.00% |
|
Annualized EPS (In Rs.) |
14.15 |
20.99 |
-32.56% |
|
Net Worth per Share (In Rs.) |
129.05 |
131.32 |
-1.73% |
|
P/E Ratio (In times) |
11.94 |
- |
|
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