Standard Chartered Bank earns staggering Rs 1.5 arba profit in the third quarter; EPS decline to Rs 25.12 due to capital increment
Thu, Apr 26, 2018 12:52 AM on Financial Analysis, Stock Market,
Standard Chartered Bank (SCB) has reported rise in profit by 41.86%in the third quarter of the current fiscal year 2074/75.
As per the quarterly report published by the bank today, its net profit has increased by a modest 41.86% and now stands at Rs 1.50 arba as of the end of Q3. It had earned Rs 1.06 arba in net profit in the same period last year.
It has collected Rs 61.01 arba in deposits and floated loans worth Rs 46.40 arba up to this period. With a CD ratio of 76.44% and net interest income of Rs 2.23 arba, SCB has shown that it has a modest room for further growth.
Although its net profit has increased, it has not been able to maintain its EPS in the same proportion. The EPS stood at a Rs 37.84 last year in this period, while now it stands at only Rs 25.12. Its paid up capital has increased by 113.64% in this period, which is now at Rs 8.01 arba.
Up to the end of Q3 this year, its reserve has reached Rs 5.36 arba with net worth per share of Rs 166.93
Major Highlights:
|
Particulars (In Rs '000) |
SCB |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
8,011,431 |
3,749,901 |
113.64% |
|
Reserve & Surplus |
5,362,232 |
4,838,557 |
10.82% |
|
Deposits |
61,015,045 |
69,567,471 |
-12.29% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
46,406,009 |
37,355,946 |
24.23% |
|
Net Interest Income |
2,236,020 |
1,555,535 |
43.75% |
|
Provision for possible losses |
138,890 |
110,372 |
25.84% |
|
Operating Profit |
2,313,533 |
1,613,991 |
43.34% |
|
Net Profit |
1,509,638 |
1,064,203 |
41.86% |
|
NPL (%) |
0.21 |
0.23 |
-8.70% |
|
Annualized EPS (In Rs.) |
25.12 |
37.84 |
-33.60% |
|
Net Worth per Share (In Rs.) |
166.93 |
229.03 |
-27.11% |
|
P/E Ratio (In times) |
34.03 |
- |
- |
|
ROE (Annualised)% |
16.97 |
18.06 |
-6.04% |
|
ROA (Annualised)% |
2.64 |
1.78 |
48.31% |
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