Sunrise Bank Q4 financials: Profit rises by 15.58% with EPS of Rs 20.94 and has 13% dividend distribution capacity from earnings of FY 2075/76
Wed, Aug 14, 2019 8:28 AM on Financial Analysis, Latest, Stock Market,
Sunrise Bank Limited (SRBL) has published its fourth quarter report for the FY 2075/76 with 15.58% rise in the net profit. The bank’s profit has increased from Rs 1.47 arba in the fourth quarter of the fiscal year 2074/75 to Rs 1.70 arba in the fourth quarter of the fiscal year 2075/76.
In the same quarter, the bank has Rs 1.11 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. This means SRBL can distribute around 13% (approx.) dividend from the earnings of FY 2075/76 if other regulatory requirements are not required.
The bank’s deposit from customers rises by 11.97% to Rs 75.43 arba whereas loans and advances have also increased by 16.32% to Rs 68.87 arba in the Q4. The net interest income (core business income) of the bank has decreased by 25.37% to Rs 3.59 arba from Rs 2.87 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.15 arba with Rs 4.19 arba as its reserve and surplus. The Non-Performing Loan (NPL) has decline to 1.03%.
In the Q4, the EPS of the bank stands at Rs 20.94. The net worth per share stands at Rs 151.47 and qtr end PE ratio stands at 11.84 times.
Major Highlights:
|
Particulars (In Rs '000) |
Sunrise Bank Limited |
||
|---|---|---|---|
|
Q4 2075/76 |
Q4 2074/75 |
Difference |
|
|
Paid Up Capital |
8,152,556 |
8,152,556 |
0.00% |
|
Share Premium |
127,161 |
127,161 |
|
|
Retained Earnings |
1,481,222 |
941,855 |
57.27% |
|
Reserves |
2,587,570 |
2,332,766 |
10.92% |
|
Deposits from Customers |
75,432,151 |
67,366,128 |
11.97% |
|
Loans & Advances to customers |
68,878,670 |
59,213,551 |
16.32% |
|
Net Interest Income |
3,599,410 |
2,870,928 |
25.37% |
|
Impairment Charge/(Reversal) |
-103,524 |
-48,593 |
- |
|
Personnel Expenses |
1,122,493 |
908,492 |
23.56% |
|
Operating Profit |
2,604,066 |
2,047,450 |
27.19% |
|
Profit/(Loss) for the Year |
1,707,038 |
1,476,972 |
15.58% |
|
Total Comprehensive Income |
1,724,312 |
1,621,223 |
6.36% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
1,117,741 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
13.14 |
14.13 |
-7.01% |
|
NPL |
1.03 |
1.24 |
-16.94% |
|
CCD (as per NRB Directives) |
75.57 |
75.47 |
0.13% |
|
Cost of Fund (%) |
7.33 |
7.47 |
-1.87% |
|
Base Rate (%) |
10.32 |
11.39 |
-9.39% |
|
EPS (In Rs.) |
20.94 |
18.12 |
15.58% |
|
Net Worth per Share (In Rs.) |
151.47 |
141.73 |
6.87% |
|
Qtr End PE Ratio (times) |
11.84 |
- |
- |
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