Sunrise Bank Q3 earnings shoot through the roof; profit surges by 74.40% to Rs 58.81 crore; EPS at Rs 23.51
Tue, May 10, 2016 10:45 AM on Latest, Financial Analysis, Featured,
Sunrise Bank Limited (SRBL) has posted astounding net profit growth of 74.40% in the third quarter (Q3) of the fiscal year 2072/73.The commercial bank earned Rs 58.81 crore in the Q3 of the current fiscal year. The figure stood at Rs 33.72 crore in the corresponding quarter of the previous fiscal year.
As per the unaudited financial report for Q3 today, the commercial bank’s net interest income elevated to Rs.1.02a arba in Q3 from Rs.82.98 crore in the corresponding quarter of the previous fiscal year.
Sunrise Bank’s deposit collection reached Rs. 41.28 arba up from Rs.29.84 arba in third quarter. It mobilized loans of Rs.33.77 arba, rising from Rs.24.46 arba of the corresponding quarter of the previous fiscal year.
It’s paid up capital remains at Rs.3.33 arba with reserve of Rs.1.01 arba.
The commercial bank’s operating profit doubled to Rs 64.70 from Rs.30.89 crore. The bank’s interest income, operating profit and overall business are the main factors for the increment in its net profit.
Its non- performing loan (NPL) dropped to 2.28 % from 3.77 % in the third quarter.
Sunrise Bank earning per share (EPS) stands at Rs.23.51. Its net worth per share is Rs.130.51, and P/E ratio is at 23.40 times.
Sunrise Bank’s deposit collection reached Rs. 41.28 arba up from Rs.29.84 arba in third quarter. It mobilized loans of Rs.33.77 arba, rising from Rs.24.46 arba of the corresponding quarter of the previous fiscal year.
It’s paid up capital remains at Rs.3.33 arba with reserve of Rs.1.01 arba.
The commercial bank’s operating profit doubled to Rs 64.70 from Rs.30.89 crore. The bank’s interest income, operating profit and overall business are the main factors for the increment in its net profit.
Its non- performing loan (NPL) dropped to 2.28 % from 3.77 % in the third quarter.
Sunrise Bank earning per share (EPS) stands at Rs.23.51. Its net worth per share is Rs.130.51, and P/E ratio is at 23.40 times.
