Saptakoshi Development Bank report surge in net profit by 49.28% in the third quarter; Net profit reaches Rs 2.48 crore
Sun, Apr 22, 2018 12:40 AM on Financial Analysis, Latest, Stock Market,
Saptakoshi Development Bank (SKDBL) has registered an growth of 49.28% in the third quarter of the current FY 2074/75.
According to the unaudited financial report published by the development bank today, its net profit has increased to Rs 2.48 crore in third quarter, up from Rs. 1.66 crore in the corresponding quarter of the previous fiscal year.
SKDBL’s net interest income has risen to Rs 7.08 crore in Q3 as compared to Rs 4.99 crore in the corresponding quarter of the last fiscal year. As of Q3, it has a paid up capital of Rs 50 crore with a reserve of Rs 4.64 crore.
The bank also collected deposits of Rs 1.18 arba till Q3, up from Rs 85.07 crore in the corresponding period last year. Likewise, it has extended loans and advances of Rs 1.22 arba in Q3 whereas in the same period last year, the figure stood at Rs 76.72 crore. Its CCD ratio stands at 70.54%.
SKDBL’s annualized Earnings per Share (EPS) stands at Rs 6.52 per share. It has a Net worth of 109.14 per share and P/E ratio of 27.21 times.
Major Highlights:
|
Particulars (In Rs '000) |
SKDBL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
508,510 |
211,000 |
141.00% |
|
Reserve & Surplus |
46,468 |
27,219 |
70.72% |
|
Deposits |
1,182,631 |
850,779 |
39.01% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
1,225,761 |
767,214 |
59.77% |
|
Net Interest Income |
70,845 |
49,938 |
41.87% |
|
Provision for possible losses |
26,781 |
17,780 |
50.62% |
|
Operating Profit |
17,674 |
11,948 |
47.92% |
|
Net Profit |
24,859 |
16,653 |
49.28% |
|
NPL (%) |
0.5 |
0.79 |
-36.71% |
|
Annualized EPS (In Rs.) |
6.52 |
10.52 |
-38.06% |
|
Net Worth per Share (In Rs.) |
109.14 |
112.90 |
-3.33% |
|
P/E Ratio (In times) |
27.21 |
- |
- |
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