Sunrise Bank net profit increased immensely by 34.92% in Q2 ; EPS shows growth of 34.92% of Rs 19.45
Wed, Jan 30, 2019 10:25 AM on Financial Analysis, Latest, Stock Market,
Sunrise Bank Limited (SRBL) has reported increment of 33.74% in the comprehensive income in its Q2 report for the FY 2075/76.
The bank’s comprehensive income has reached Rs 78.57 crore in the second quarter of the current fiscal year as compared to Rs 58.75 crore of the corresponding period in the last fiscal year. Similarly, it has reported Rs 72.61 crore as its free profit after regulatory adjustments.
The deposit of the commercial bank have increased by 20.22% to Rs 76.06 arba and loans and advances have increased by 20.47% to Rs 67.75 arba as compared to corresponding quarter of 2074/75.
Paid-up capital of SRBL stands at Rs 8.15 arba. Further, bank's reserves and surplus stands at Rs. 4.10 arba which is the increment of 95.48% as compared to last year's corresponding quarter.
The non-performing loan (NPL) has decreased by 23.64% to 1.26% from 1.65% and Net worth per share reaches to Rs. 150.37 from Rs. 125.77 in the second quarter of current fiscal year.
The annualized EPS is reported as Rs 19.45 with P/E ratio of 10.80.
Major Highlights:
|
Particulars (In Rs '000) |
Sunrise Bank Limited |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
8,152,556 |
8,152,556 |
0.00% |
|
Reserve & Surplus |
4,106,130 |
2,100,536 |
95.48% |
|
Deposits |
76,062,607 |
63,269,277 |
20.22% |
|
Borrowings |
624,696 |
85,703 |
628.91% |
|
Loans & Advances |
67,753,770 |
56,241,791 |
20.47% |
|
Net Interest Income |
1,721,409 |
1,274,488 |
35.07% |
|
Operating Profit |
1,135,904 |
994,708 |
14.19% |
|
Net Profit |
792,754 |
587,558 |
34.92% |
|
Total Comprehensive Income after Share of NCI |
785,788 |
587,558 |
33.74% |
|
Add/ Less: Regulatory adjustment as per NRB |
-66,599 |
0 |
- |
|
Free Profit/ (Loss) after Regulatory Adjustments |
726,155 |
587,558 |
23.59% |
|
NPL |
1.26 |
1.65 |
-23.64% |
|
Annualized EPS (In Rs.) |
19.45 |
14.41 |
34.92% |
|
Net Worth per Share (In Rs.) |
150.37 |
125.77 |
19.56% |
|
P/E Ratio |
10.80 |
||
