Sunrise Bank reports decline in core business revenue in Q1; Annualized EPS at Rs. 17.08
Fri, Nov 13, 2020 8:38 AM on Latest, Company Analysis,
Sunrise Bank Limited (SRBL) has published its first-quarter report for the FY 2077/2078 with a decline in Net Profit by 15.71%. The bank’s net profit declined to Rs. 38.29 crores in this quarter from Rs. 45.43 crores of the corresponding quarter of FY 2076/2077.
As per the quarterly report, the company’s operating profit decreased by 15.28% to Rs. 54.71 crores in first-quarter compared to the corresponding quarter of the previous year. The bank has Rs. (24.96) crores as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank has a deposit of Rs. 91.55 Arba in this quarter. On the other hand, the loans and advances stood at Rs. 84.96 Arba. The net interest income of the bank declined by 15.68% to Rs. 92.79 crores compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stood at Rs. 8.96 Arba with Rs. 4.83 Arba as its reserves and surplus. The Non-performing loan (NPL) increased to 1.58%.
The annualized EPS for the bank stood at Rs. 17.08. The Net worth per share stands at Rs. 153.92. The stock for the period traded at a P/B multiple of 1.57 times.
Financial Highlights:
|
Particulars |
Sunrise Bank Limited |
||
|---|---|---|---|
|
Q1, 2077/2078 |
Q1, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
8,967,811.44 |
8,967,811.44 |
- |
|
Share Premium |
0.00 |
0.00 |
- |
|
Retained Earnings |
772,588.92 |
752,539.62 |
2.66% |
|
Reserves |
4,062,525.09 |
3,684,745.62 |
10.25% |
|
Deposits from Customers |
91,553,134.87 |
90,223,271.63 |
1.47% |
|
Loans & Advances to Customers |
84,967,256.92 |
81,036,546.96 |
4.85% |
|
Net Interest Income |
927,976.20 |
1,100,514.17 |
-15.68% |
|
Fee and Commission Income |
277,754.75 |
246,167.31 |
12.83% |
|
Impairment Charge/ (Reversal) |
93,653.34 |
181,873.94 |
- |
|
Personnel Expenses |
413,811.03 |
360,498.89 |
14.79% |
|
Operating Profit |
547,110.30 |
645,795.77 |
-15.28% |
|
Profit/ (Loss) for the period |
382,977.21 |
454,367.04 |
-15.71% |
|
Total Comprehensive Income |
404,193.73 |
429,972.13 |
- |
|
Distributable Profit/(Loss) after P/L appropriation and Regulatory Adjustments |
-249,650.85 |
- |
- |
|
Capital Adequacy Ratio (CAR) (%) |
14.27% |
12.75% |
- |
|
Non-Performing Loan (NPL) |
1.58% |
1.27% |
- |
|
CCD (as per NRB Directive) |
76.32% |
78.06% |
- |
|
Cost of Fund (%) |
5.72% |
7.12% |
- |
|
Base Rate (%) |
7.80% |
9.97% |
- |
|
Annualized EPS (Rs.) |
17.08 |
20.27 |
-15.71% |
|
Net Worth per share (Rs.) |
153.92 |
149.48 |
2.97% |
|
Qtr End PE Ratio (Rs.) |
14.11 |
- |
- |
|
Qtr End Market Price |
241 |
- |
- |
|
Price to Book (PB Ratio) |
1.57 |
- |
- |
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