Sanima Bank Posts 14.80% Rise in Net Profit in Q3; Distributable Profit Soars, EPS Reaches to Rs. 16.22
Sun, Apr 20, 2025 9:41 AM on Latest, Financial Analysis, Company Analysis,
Sanima Bank Limited (SANIMA) as reported a net profit of Rs. 1.65 Arba in the third quarter of FY 2081/82, marking a 14.80% growth compared to Rs. 1.44 Arba in the corresponding period of the previous fiscal year. The bank’s operating profit also rose by 9.12% to Rs. 2.25 Arba.
However, the net interest income witnessed a 6.52% decline, dropping to Rs. 4.28 Arba. Despite this, the bank's distributable profit surged significantly to Rs. 2.19 Arba from Rs. 75.68 Crores.
The bank’s deposit base grew by 8.41% to Rs. 2.13 Kharba, while loans and advances to customers increased by 8.58%, reaching Rs. 1.73 Kharba. Borrowings more than doubled to Rs. 2.62 Arba, reflecting a 144.43% jump.
On the risk front, the bank’s Non-Performing Loan (NPL) ratio rose to 1.60% from 0.69%, while the Capital Adequacy Ratio slightly declined to 12.93%. Cost of funds improved to 4.99% from 6.60%.
Earnings Per Share (EPS) stood at Rs. 16.22 and the net worth per share rose to Rs. 161.32. The quarter-end market price of Sanima Bank was recorded at Rs. 300.90, with a PE ratio of 18.55 times.
Major Highlights
* Figures are of the Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Sanima Bank | ||
|---|---|---|---|
| Q3 2081/82 | Q3 2080/81 | Difference | |
| Paid Up Capital | 13,581,525.41 | 13,581,525.41* | 0.00% |
| Retained Earnings | 2,198,563.01 | 1,447,337.26* | - |
| Reserves | 6,129,646.02 | 5,894,786.45* | 3.98% |
| Deposits | 213,778,953.69 | 197,197,071.12* | 8.41% |
| Borrowings | 2,615,350.00 | 1,070,000.00* | 144.43% |
| Loan and advances to Customers | 173,096,650.45 | 159,414,737.42* | 8.58% |
| Net Interest Income | 4,282,861.16 | 4,581,593.85 | -6.52% |
| Personnel Expenses | 1,495,390.22 | 1,405,817.13 | 6.37% |
| Impairment Charges | 1,404,319.57 | 1,597,473.85 | -12.09% |
| Operating Profit | 2,251,366.36 | 2,063,204.58 | 9.12% |
| Net Profit | 1,652,476.83 | 1,439,442.81 | 14.80% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 2,198,563.01 | 756,822.71 | - |
| Capital Adequacy (%) | 12.93 | 13.51 | -4.29% |
| NPL% | 1.60 | 0.69 | 131.88% |
| Cost of Fund (%) | 4.99 | 6.60 | -24.39% |
| EPS (In Rs.) | 16.22 | 14.13 | 14.80% |
| Net Worth per Share (In Rs.) | 161.32 | 154.06 | 4.71% |
| Qtr end PE Ratio (times) | 18.55 | ||
| Qtr End Market Price | 300.9 | - | - |
