Tinau & Shine Resunga Dev Bank earns Rs 1.91 cr and Rs 6.78 cr respectively in Q1

Tinau Bikas Bank Limited (TNBL) has posted a net profit of Rs 1.91 crore in the first quarter of the fiscal year 207/74.The profit of the development massively increased by 102.19 % compared to the net profit of the corresponding quarter of the previous fiscal year. The figure stood at Rs 94.86 lakh in the corresponding quarter of the previous fiscal year. As per the unaudited financial report published today, the development bank has reported net interest income of Rs 3.74 crore in the Q1 increasing from Rs 2.17 crore in the corresponding quarter of the previous fiscal year. It has collected Rs 3.48 arba in deposits and has disbursed Rs 2.97 arba in loans compared to Rs 2.47 arba in deposits and Rs 1.90 arba in loans in the corresponding quarter of the previous fiscal year. It has paid up capital of Rs 27.30 crore and reserve of Rs 13.15 crore. TNBL Non Performing Loan (NPL) increased to 0.12% from 0.04 % in Q1. It’s annualized Earning per Share (EPS) remains at Rs 28.09 and net worth per share is at Rs 148.18. Its PE stands at 18.33 times. Likewise, Shine Resunga Development Bank Limited (SHINE) has reported 46.83 percent rise in net profit for the first quarter of the fiscal year 2073/74. As per the unaudited report for the first quarter published today, the development bank’s net profit rose to Rs 6.78 crore in the first quarter of fiscal year 2073/74, up from Rs 4.62 crore reported in the same quarter of the fiscal year 2072/73. The development bank has collected 9.05 arba in deposit and extended a total of Rs 8.02 arba in loans and advances in the first quarter of fiscal year 2073/74. In the previous quarter of fiscal year 2072/73, the bank deposits stood at Rs 6.41 arba and loan and advances at Rs 5.61 arba. Its net interest income surged to Rs 13.50 crore in Q1 up from Rs 8.89 crore in the corresponding quarter. It’s paid up capital remains at Rs 1.10 arba with reserve of Rs 26.29 crore. SHINE’s non-performing loan (NPL) has inclined to 0.24 percent in this ongoing quarter from 0.76 percent in the previous quarter. Annualized Earning per Share (EPS) of the development bank stands at Rs 24.62 and net worth per share is at Rs 123.84.