Sindhu Bikas Bank registers decrease in net profit by 29%; Net worth stands at Rs 122.58 in the third quarter

Wed, May 16, 2018 9:59 AM on Financial Analysis, Latest, Stock Market,
Sindhu Bik...

Sindhu Bikas Bank Limited (SINDU) has registered 29% decrease in net profit in the third quarter of the current fiscal year 2074/75. Its net profit has decreased to Rs 1.81 crore in third quarter from Rs 2.55 crore in the corresponding quarter of the fiscal year 2073/74.

According to the unaudited financial report published by the development bank today, its interest income has increased to Rs 7.40 crore in Q3 as compared to Rs 7.39 crore in the corresponding quarter.

It’s paid up capital remains at Rs 41.81 crore with Rs 9.44 crore in its reserve.

Deposits collection reached Rs 1.97 arba in Q3 and floated loans of Rs 1.51 arba.

Its non-performing loan has decrease to 1.36 percent in Q3 up from 1.05 percent in the previous year report.

Its annualized earning per share (EPS) stand at Rs 5.79, Net worth per share at Rs 122.58 and P/ E ratio at 26.79 times.

Major Highlights:

Particulars (In Rs '000)

SINDU

Q3 2074/75

Q3 2073/74

Difference

Paid Up Capital

418,116

262,193

59.47%

Reserve & Surplus

94,428

58,298

61.98%

Deposits

1,972,673

1,503,511

31.20%

Borrowings

-

-

-

Loans & Advances

1,510,573

1,355,008

11.48%

Net Interest Income

74,036

73,929

0.14%

Provision for possible losses

4,485

6,409

-30.02%

Operating Profit

28,508

40,151

-29.00%

Net Profit

18,142

25,550

-29.00%

NPL (%)

1.36

1.05

29.52%

Annualized EPS (In Rs.)

5.79

12.99

-55.48%

Net Worth per Share (In Rs.)

122.58

122.23

0.29%

P/E Ratio (In times)

26.79

-

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