Sindhu Bikas Bank's earns Rs. 2.66 crore net profit in Q2; NPL rises to 1.72%
Thu, Jan 31, 2019 10:21 AM on Financial Analysis, Latest, Stock Market,
Sindhu Bikas Bank Limited (SINDU) has registered 140.47% increase in net profit till the month of Poush in the second quarter of the fiscal year 2075/76. Its net profit has increased to Rs 2.66 crore in second quarter from Rs 1.10 crore in the corresponding quarter of the fiscal year 2074/75.
According to the unaudited financial report published by the development bank today, its net interest income has increased to Rs 6.01 crore in Q2 as compared to Rs 4.52 crore in the corresponding quarter.
It’s paid up capital remains at Rs 50 crore with Rs 9.74 crore in its reserve.
Deposits collection reached Rs 2 arba in Q2 with the increment of 15.91% from corresponding last year quarter and floated loans of Rs 1.81 arba. It has borrowings of Rs. 50 crore with no loss provision as per the Q2 of FY 2074/75.
Its non-performing loan has increased to 1.72% in Q2 from 0.78% in the Q2 of previous year report.
Its annualized earning per share (EPS) stand at Rs 10.64, Net worth per share at Rs 119.48 and P/ E ratio at 11.66 times.
Major Highlights:
|
Particulars (In Rs '000) |
Sindhu Bikas Bank Limited |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
500,027 |
418,116 |
19.59% |
|
Reserve & Surplus |
97,399 |
87,252 |
11.63% |
|
Deposits |
2,002,544 |
1,727,689 |
15.91% |
|
Borrowings |
500,000 |
- |
- |
|
Loans & Advances |
1,810,748 |
1,418,366 |
27.66% |
|
Net Interest Income |
60,160 |
45,265 |
32.90% |
|
Provision for possible losses |
- |
3,162 |
- |
|
Operating Profit |
31,111 |
13,499 |
130.47% |
|
Net Profit |
26,599 |
11,061 |
140.47% |
|
NPL (%) |
1.72 |
0.78 |
120.51% |
|
Annualized EPS (In Rs.) |
10.64 |
5.29 |
101.08% |
|
Net Worth per Share (In Rs.) |
119.48 |
120.87 |
-1.15% |
|
PE ratio |
11.66 |
||
