Saptakoshi Development Bank profit surges by 101.32 percent in Q2
January 29, 2020 | Investopaper
Saptakoshi Development Bank has published an unaudited 2nd quarter report of fiscal year 2076/77.
In the second quarter, the profit of the company has increased by 101.32 percent. The profit of the company stands at Rs. 3.04 crores which was 1.51 crores last year in the corresponding quarter. The paid-up capital of the company is Rs. 78.71 crores whereas reserve stand at Rs. 9.96 crores.
Likewise, the net interest income has risen to Rs. 11.09 crores which is 86.39 percent up from 5.95 crores in the previous year corresponding quarter. The company has a deposit collection of 2.77 Arba while it has floated loans and advances of 2.65 Arba. NPL of the bank stands at 2.15 percent up from 1.31 percent in the corresponding quarter. Annualized EPS of the company stands at Rs. 7.73 while the company has a net worth of Rs. 119.73 per share.
FINANCIAL HIGHLIGHTS OF SAPTAKOSHI DEVELOPMENT BANK, 2ND QUARTER 2076/77
| HEADINGS | 2ND QTR, 2076/77 | 2ND QTR, 2075/76 | PERCENT CHANGE |
| PAID-UP CAPITAL (Rs. In Crores) | 78.71 | 78.71 | 0.00 |
| RESERVE & SURPLUS (Rs. In Crores) | 9.96 | 8.99 | 10.79 |
| DEPOSITS (Rs. In Arba) | 2.77 | 2.56 | 8.20 |
| LOANS (Rs. In Arba) | 2.65 | 2.53 | 4.74 |
| NET INTEREST INCOME (Rs. In crores) | 11.09 | 5.95 | 86.39 |
| PROFIT (Rs. In crores) | 3.04 | 1.51 | 101.32 |
| DISTRIBUTABLE PROFIT (Rs. In crores) | 2.04 | – | – |
| NON PERFORMING LOANS, NPL (%) | 2.15 | 1.31 | 64.12 |
| EARNINGS PER SHARE, EPS (Rs.) | 7.73 | ||
| NETWORTH PER SHARE (Rs.) | 119.73 | ||
| MARKET PRICE PER SHARE (Rs.) | 138 | ||
| P/E RATIO (based on the price of Paush end) | 17.86 |
