Sindhu Bikas Bank registers massive rise in profit in the first quarter; EPS stands at Rs 8.13 with P/E ratio of 15.25 times
Wed, Nov 14, 2018 11:01 AM on Financial Analysis, Latest, Stock Market,
Sindhu Bikas Bank Limited (SINDU) has registered massive 827.42% increase in net profit in the first quarter of the fiscal year 2075/76. Its net profit has increased to Rs 1.01 crore in first quarter from Rs 10.96 lakh in the corresponding quarter of the fiscal year 2074/75.
According to the unaudited financial report published by the development bank today, its interest income has increased to Rs 2.96 crore in Q1 as compared to Rs 1.70 crore in the corresponding quarter.
It’s paid up capital remains at Rs 50 crore with Rs 8.09 crore in its reserve.
Deposits collection reached Rs 1.93 arba in Q1 and floated loans of Rs 1.48 arba.
Its non-performing loan has decreased to 1.32 percent in Q1 up from 1.39 percent in the previous year report.
Its annualized earning per share (EPS) stand at Rs 8.13, Net worth per share at Rs 116.19 and P/ E ratio at 15.25 times.
Major Highlights:
|
Particulars (In Rs '000) |
SINDU |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
500,027 |
262,193 |
90.71% |
|
Reserve & Surplus |
80,960 |
116,555 |
-30.54% |
|
Deposits |
1,939,904 |
1,701,762 |
13.99% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
1,482,922 |
1,367,609 |
8.43% |
|
Net Interest Income |
29,658 |
17,044 |
74.01% |
|
Provision for possible losses |
- |
3,162 |
- |
|
Operating Profit |
11,605 |
1,722 |
574.05% |
|
Net Profit |
10,161 |
1,096 |
827.42% |
|
NPL (%) |
1.32 |
1.39 |
-5.04% |
|
Annualized EPS (In Rs.) |
8.13 |
1.67 |
386.30% |
|
Net Worth per Share (In Rs.) |
116.19 |
144.45 |
-19.57% |
|
P/E Ratio (In times) |
15.25 |
- |
|
