Sindhu Bikas Bank registers decrease in net profit by 29%; Net worth stands at Rs 122.58 in the third quarter
Wed, May 16, 2018 4:14 AM on Financial Analysis, Latest, Stock Market,
Sindhu Bikas Bank Limited (SINDU) has registered 29% decrease in net profit in the third quarter of the current fiscal year 2074/75. Its net profit has decreased to Rs 1.81 crore in third quarter from Rs 2.55 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 7.40 crore in Q3 as compared to Rs 7.39 crore in the corresponding quarter.
It’s paid up capital remains at Rs 41.81 crore with Rs 9.44 crore in its reserve.
Deposits collection reached Rs 1.97 arba in Q3 and floated loans of Rs 1.51 arba.
Its non-performing loan has decrease to 1.36 percent in Q3 up from 1.05 percent in the previous year report.
Its annualized earning per share (EPS) stand at Rs 5.79, Net worth per share at Rs 122.58 and P/ E ratio at 26.79 times.
Major Highlights:
|
Particulars (In Rs '000) |
SINDU |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
418,116 |
262,193 |
59.47% |
|
Reserve & Surplus |
94,428 |
58,298 |
61.98% |
|
Deposits |
1,972,673 |
1,503,511 |
31.20% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
1,510,573 |
1,355,008 |
11.48% |
|
Net Interest Income |
74,036 |
73,929 |
0.14% |
|
Provision for possible losses |
4,485 |
6,409 |
-30.02% |
|
Operating Profit |
28,508 |
40,151 |
-29.00% |
|
Net Profit |
18,142 |
25,550 |
-29.00% |
|
NPL (%) |
1.36 |
1.05 |
29.52% |
|
Annualized EPS (In Rs.) |
5.79 |
12.99 |
-55.48% |
|
Net Worth per Share (In Rs.) |
122.58 |
122.23 |
0.29% |
|
P/E Ratio (In times) |
26.79 |
- |
- |
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