Sunrise Bank registers 78.29% increment in comprehensive income; Networth per share stands at Rs 145.75

Thu, Nov 15, 2018 10:10 AM on Financial Analysis, Latest, Stock Market,

Sunrise Bank Limited (SRBL) has reported increment of 78.29% in the comprehensive income in its Q1 report for the FY 2075/76.

The bank’s comprehensive income has reached Rs 36.31 crore in the first quarter of the current fiscal year as compared to Rs 20.37 crore of the corresponding period in the last fiscal year. Similarly, it has reported Rs 27.20 crore as its free profit after regulatory adjustments.

The deposit of the commercial bank have increased by 19.14% to Rs 75.79 arba and loans and advances have increased by 22.21% to Rs 66.59 arba.

Paid-up capital of SRBL stands at Rs 8.15 arba with Rs 3.73 arba as its reserve.

The annualized EPS is reported as Rs 16.26 and Net worth per share standing at Rs 145.75.

Major Highlights:

Particulars (In Rs '000)

SRBL

Q1 2075/76

Q1 2074/75

Difference

Paid Up Capital

8,152,556

8,152,556

0.00%

Reserve & Surplus

3,730,121

1,716,686

117.29%

Deposits

75,792,475

63,615,480

19.14%

Borrowings

524,620

-

-

Loans & Advances

66,593,455

54,491,770

22.21%

Net Interest Income

821,811

613,829

33.88%

Operating Profit

476,962

291,012

63.90%

Net Profit

331,495

203,798

62.66%

Total Comprehensive Income afterShare of NCI

363,193

203,708

78.29%

Add/ Less: Regulatory adjustment as per NRB

(59,490)

-

-

Free Profit/ (Loss) after Regulatory Adjustments

272,005

203,708

33.53%

NPL

1.12

1.49

-24.83%

Annualized EPS (In Rs.)

16.26

10.00

62.66%

Net Worth per Share (In Rs.)

145.75

121.06

20.40%