Sanima Bank Q4 Report FY 2079-80: Net Profits Surged by 25%; Distributable Profit per Share Soars at Whopping Rs. 17.73
Fri, Aug 4, 2023 9:06 AM on Financial Analysis, Latest,
Sanima Bank Limited (SANIMA) has published its fourth-quarter report for the recently concluded financial year 2079-80, showcasing a remarkable 25 percent increase in Net Profits. As of FY 2079-80 end, the commercial bank has recorded a significant achievement, generating Rs. 2.61 Arba in contrast to the Rs. 1.24 Arba made in the corresponding quarter of FY 2078-79.
Both Net Interest Income and Operating Profits have experienced remarkable growth, with a substantial 39.50 percent and 27.96 percent, respectively. As of FY 2079-80 last quarter, the bank has achieved Rs. 6.48 Arba and Rs. 3.78 Arba through its core business revenue and operating profit, respectively.
Sanima Bank's major highlight in Q4 was its ability to increase its core business (interest income) by a considerable margin.
Despite the challenges, the financial institution demonstrated resilience. However, the impairment allocation saw a notable spike by 90.49 percent, reaching a total of Rs. 1.05 Arba as of the last quarter of the recently concluded financial year. The Non-performing loan (NPL), while still low, has nearly tripled by the end of the quarter.
One of the standout achievements is the distributable profits for shareholders, which stands at an impressive Rs. 2.20 Arba, with a whooping Rs. 17.73 as distributable profit per share. Therefore, the shareholders can expect good dividend payout from the bank for the FY 2079-80.
Additionally, the Earnings per Share Ratio (EPS) of the company stands at Rs. 21.02 alongside a Net worth per Share of Rs. 155.51.
Sanima Bank maintains a strong financial position with Rs. 12.46 Arba as paid-up capital and Rs. 6.91 Arba in reserves and surplus (reserves + retained earnings).
Major Financial Highlights:
| Particulars (In Rs '000) | Sanima Bank Limited | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 12,460,115.06 | 14,200,974.01 | -12.26% |
| Share Premium | - | - | - |
| Retained Earnings | 2,209,674.68 | 1,244,455.12 | 77.56% |
| Reserves | 4,707,254.68 | 4,339,337.97 | 8.48% |
| Deposits | 175,643,046.81 | 157,518,535.24 | 11.51% |
| Loans & Advances | 145,397,936.59 | 136,518,037.93 | 6.50% |
| Net Interest Income | 6,489,309.97 | 4,651,762.71 | 39.50% |
| Personnel Expenses | 1,773,942.09 | 1,549,409.46 | 14.49% |
| Impairment Charges | 1,056,071.30 | 554,394.61 | 90.49% |
| Operating Profit | 3,780,656.03 | 2,954,561.19 | 27.96% |
| Net Profit | 2,619,216.64 | 2,093,115.83 | 25.13% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 2,209,674.68 | 1,244,455.12 | 77.56% |
| Distributable Profit per Share | 17.73 | 10.99 | 61.33% |
| Capital Adequacy (%) | 14.13 | 13.66 | 3.44% |
| Non Performing Loan (NPL) (%) | 1.30 | 0.33 | 293.94% |
| Cost of Fund (%) | 8.27 | 7.63 | 8.39% |
| Base Rate (%) | 10.15 | 9.71 | 4.53% |
| EPS (In Rs.) | 21.02 | 14.74 | 42.62% |
| Net Worth per Share (In Rs.) | 155.51 | 139.32 | 11.62% |
| Qtr end PE Ratio (times) | 12.39 | - | - |
| Qtr End Market Price | 260.5 | - | - |
