Siddhartha Bank shows rise in net profit by 28.02%; EPS stands at Rs 20.39 in the third quarter of the current fiscal year
Fri, Apr 20, 2018 1:16 AM on Financial Analysis, Latest, Stock Market,
Siddhartha Bank Limited (SBL) has registered a 28.02% increase in its net profit in the third quarter (Q3) of the current fiscal year 2074/75.
According to the unaudited financial report published by the commercial bank today, its net profit has surged to Rs 1.22 arba in third quarter, up from Rs 95.70 crore in the corresponding quarter of the last fiscal year 2073/74.
The operating profit also increased with similar rate to Rs 1.52 arba from Rs 1.18 arba as compared to the corresponding quarter of last fiscal year.
Its EPS last year was Rs 24.30 in the same quarter while after the increase in its paid up capital, its EPS has now shrunk to Rs 20.39 only.
SBL’s net interest income has risen to Rs 2.20 arba in the third quarter as compared to Rs 1.86 arba in the corresponding quarter last year. Its deposits collection increased by 20.09% Rs 90.40 arba Q3 from Rs 75.27 arba in the corresponding period last year.
Likewise, it has also been able to increase its loans by similar figures. Up to the end of Q3, it extended loans and advances of Rs 79.88 arba whereas in the same period last year, the figure stood at Rs 66.26 arba.
Its non-performing loan has decreased in this period to 1.31% in this period. Its paid up capital now stands at Rs 8.01 arba with net worth of Rs 144.95 per share.
Major Highlights:
|
Particulars (In Rs '000) |
SBL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
8,012,171 |
5,250,859 |
52.59% |
|
Reserve & Surplus |
3,601,582 |
2,823,067 |
27.58% |
|
Deposits |
90,401,940 |
75,275,857 |
20.09% |
|
Borrowings |
859,894 |
504,014 |
70.61% |
|
Loans & Advances |
79,880,802 |
66,260,372 |
20.56% |
|
Net Interest Income |
2,200,522 |
1,869,418 |
17.71% |
|
Provision for possible losses |
386,065 |
375,073 |
2.93% |
|
Operating Profit |
1,527,232 |
1,184,827 |
28.90% |
|
Net Profit |
1,225,193 |
957,014 |
28.02% |
|
NPL (%) |
1.31 |
1.71 |
-23.39% |
|
Annualized EPS (In Rs.) |
20.39 |
24.30 |
-16.10% |
|
Net Worth per Share (In Rs.) |
144.95 |
153.76 |
-5.73% |
|
P/E Ratio (In times) |
14.95 |
- |
- |
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