With The Growth In Top Line Shangrila Development Bank Report Improvement In Overall Profitability In Q2

Thu, Jan 20, 2022 7:59 AM on Company Analysis, Latest,

Shangrila Development Bank Limited (SADBL) has reported impressive growth of 68.16% in Operating Profit in the second quarter for the FY 2078-79 and has reached Rs 37.41 Crores from Rs. 34.69 crore in the corresponding year.

The Net Profit of the company increased to Rs. 26.18 crores which increased by 58.87% compared to the corresponding quarter of the previous year.

Deposit of the bank has increased to 45.92 Arab whereas Loan and Advances have increased to 40.46 Arab which is a growth of 9.88% and 22.44% respectively over the same quarter previous year.

Bank’s Paid-up Capital and Reserve and Surplus are 3.01 Arab and 93.25 crores.

Bank’s Capital Adequacy ratio is 12.80% and NPL stood at 1.15%.

Annualized EPS stood at Rs. 17.39. Similarly, Bank’s PE ratio is 23.98 times and Networth per share is 130.97.

Click here for the Q2 report

Particulars

Shangrila Development Bank Limited

Q2, 2078/2079

Q2, 2077/2078

Difference

Paid-Up Capital

3,010,669.66

2,736,972.42

-

Reserve & Surplus

932,521.44

975,498.95

-4.41%

Deposit from Customers

45,925,499.91

41,797,350.04

9.88%

Loans & Advances

40,460,570.75

33,044,748.46

22.44%

Net Interest Income

795,883.67

542,123.39

46.81%

Impairment Charge/(Reversal) for loans

34,900.71

138,358.35

-

Operating Profit

374,128.72

222,479.93

68.16%

Net Profit

261,822.47

164,805.15

58.87%

Capital Adequacy (%)

12.80%

11.98%

-

NPL (%)

1.15%

2.43%

-

Cost of fund (%)

7.43%

6.38%

-

EPS (Rs.)

17.39

12.04

-

Net worth per share (Rs.)

130.97

135.64

-

Qtr end PE ratio (Times)

23.98

-

-

Qtr End Market Price

417

-

-