Sunrise Bank Limited (SRBL) has reported 24.96% increase in its net profit in the fourth quarter (Q4) of the last fiscal year 2073/74.
According to the unaudited financial report published by the commercial bank today, its net profit has surged to Rs 1.18 arba in fourth quarter, up from Rs 95.13 crore in the corresponding quarter of the last fiscal year 2072/73. The operating profit also increased to Rs 1.60 arba in Q4 from Rs 95.53 crore as compared to the corresponding quarter of last fiscal year.
However, Its earnings per share (EPS) was Rs 17.95 last year in the same quarter while after increment in its paid up capital, its EPS has now shrunk to Rs 16.94 only in Q4. Its net worth per share stand at Rs 133.31 per share and P/E ratio is at 23.77 times.
SRBL’s net interest income has risen to Rs 2.21 arba in the fourth quarter as compared to Rs 1.50 arba in the corresponding quarter last year. Likewise, Its deposits collection surged by 17.98% to Rs 60.93 arba in Q4 from Rs 51.65 arba in the corresponding period last year.
Similarly, it has also been able to increase its loans by similar figures. Up to the end of Q4, it extended loans and advances of Rs 51.73 arba whereas in the same period last year, the figure stood at Rs 43.74 arba.
Its non-performing loan has increased to 1.37% compared to 1.22% in corresponding quarter.
Its paid up capital now stands at Rs 7.01 arba. SRBL managed to tremendous increase its reserve by 177.21% in Q4. SRBL had issued 33.33% right share in the last fiscal year.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
7,017,698 |
5,301,396 |
32.37 |
| Reserve and Surplus |
2,337,663 |
843,271 |
177.21 |
| Deposits |
60,936,564 |
51,650,280 |
17.98 |
| Loans and Advances |
51,730,919 |
43,749,129 |
18.24 |
| Net Interest Income |
2,215,242 |
1,503,572 |
47.33 |
| Provision |
271,515 |
321,718 |
(15.60) |
| Write Back |
194,699 |
556,404 |
(65.01) |
| Operating Profit |
1,609,023 |
955,387 |
68.42 |
| Net Profit |
1,188,806 |
951,377 |
24.96 |
| Capital Adequacy Ratio (%) |
15.23 |
12.05 |
26.39 |
| NPL (%) |
1.37 |
1.22 |
12.30 |
| Base Rate (%) |
11.19 |
6.86 |
63.12 |
| Cost of Fund (%) |
6.00 |
4.52 |
32.74 |
| CD Ratio (as per NRB) )%) |
75.54 |
77.52 |
(2.55) |
| EPS (Annualized) |
16.94 |
17.95 |
(5.60) |
| Networth Per Share |
133.31 |
115.91 |
15.02 |
| P/E Ratio |
23.77 |
- |
|
