Sindhu Bikas Bank reports net profit of Rs 4.35 crore for Q4 of 2075/76; EPS stands at Rs 8.46 with PE ratio of 17.02 times
Sun, Aug 18, 2019 3:34 PM on Financial Analysis, Latest,
Sindhu Bikas Bank Limited (SINDU) has registered 118.49% increase in net profit till the fourth quarter of the fiscal year 2075/76. Its net profit has increased to Rs 4.35 crore in fourth quarter from Rs 1.99 crore in the corresponding quarter of the fiscal year 2074/75.
According to the unaudited financial report published by the development bank, its net interest income has increased to Rs 13.72 crore in Q4 as compared to Rs 11.3 crore in the corresponding quarter.
It’s paid up capital remains at Rs 50 crore with Rs 4.74 crore in its reserve.
Deposits collection reached Rs 2.61 arba in Q4 with the increment of 15.01% from corresponding last year quarter and floated loans of Rs 1.68 arba.
Its non-performing loan has decreased to 1.63% in Q4 from 2.92% in the Q4 of previous year report.
Its annualized earning per share (EPS) stand at Rs 8.46, Net worth per share at Rs 120.67 and P/ E ratio at 17.02 times.
Major Highlights:
| Particulars (In Rs '000) | SINDU | ||
|---|---|---|---|
| Q4 2075/76 | Q4 2074/75 | Difference | |
| Paid Up Capital | 500,027.32 | 500,027.32 | 0.00% |
| Reserve & Surplus | 47,451.52 | 23,576.25 | 101.27% |
| Deposits | 2,616,180.14 | 2,274,730.55 | 15.01% |
| Loans & Advances | 1,687,496.39 | 1,237,881.62 | 36.32% |
| Net Interest Income | 137,287.31 | 113,028.98 | 21.46% |
| Operating Profit | 62,219.47 | 29,871.89 | 108.29% |
| Net Profit | 43,553.63 | 19,934.26 | 118.49% |
| Capital Adequacy (%) | 24.66 | 27.89 | -11.58% |
| NPL (%) | 1.63 | 2.92 | -44.18% |
| Cost of Fund (%) | 7.73 | 7.21 | 7.21% |
| Annualized EPS (In Rs.) | 8.46 | ||
| Net Worth per Share (In Rs.) | 120.67 | ||
| PE Ratio (times) | 17.02 | ||
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