Siddhartha Bank Reports 88 Percent Rise In Net Profit [Q1 Report]
October 31, 2021 | Investopaper
Siddhartha Bank Limited (SBL) has reported a rise in net profit by almost 88 percent until the first quarter of this fiscal year 2078/79. The bank earned a net profit of Rs. 94.87 crores in the three months period. Last year, SBL had earned Rs. 50 crores in net profit during the same period. With the rise in net profit, the annualized Earnings Per Share (EPS) stood at a satisfactory Rs 33.61.
The net profit has increased due to the increase in the net interest income of the bank by 30 percent. Siddhartha Bank earned Rs. 1.75 Arba as the net interest income in the three months of this fiscal year. In the previous year, the bank had earned Rs 1.34 Arba as the net interest income.
The surge in profit is mainly due to the rise in the other operating income as compared to the previous fiscal year. The bank has gained an income of Rs 34.53 crores as other operating income (mainly as dividends from stocks/mutual funds). In the same period of the previous year, such income stood at only Rs 8.07 crores.
Related:
Siddhartha Bank’s Performance In FY 2077/78
Dividend History Of Siddhartha Bank Limited (SBL)
See the summarized version of the third-quarter report in the table below:
Siddhartha Bank Limited (SBL): Financial Highlights of First Quarter, FY 2078/79
| Financial Indicators | Q1, F.Y. 2078/79 | Q4, F.Y. 2077/78 | Percent Change |
| Paid-up capital (Rs. ‘Arba’) | 10.96 | 10.96 | 0.00 |
| Reserve and Surplus (Rs. ‘Arba’) | 9.66 | 9.3 | 3.87 |
| Deposits From Customers (Rs. ‘Arba’) | 183.52 | 180.92 | 1.44 |
| Loans & Advances To Customers (Rs. ‘Arba’) | 173.17 | 158.54 | 9.23 |
| Financial Indicators | Q1, F.Y. 2078/79 | Q1, F.Y. 2077/78 | Percent Change |
| Net Interest Income (Rs. ‘Arba’) | 1.75 | 1.34 | 30.60 |
| Operating Profit (Rs. ‘Arba’) | 1.35 | 0.72 | 87.50 |
| Net Profit (Rs. ‘Arba’) | 0.94 | 0.5 | 88.00 |
| Distributable Profit (Rs. ‘Arba’) | 0.29 | – | – |
| Non Performing Loans, NPL(%) | 0.54 | 1.32 | -59.09 |
| Base rate (%) | 7.57 | 8.1 | -6.54 |
| Earnings Per Share, EPS(Rs.) | 33.61 | ||
| Networth Per Share ( Rs.) | 188.13 | ||
| Market Price Per Share (Rs.) [Ashwin end, 2078 BS] | 459 | ||
| P/E Ratio | 13.66 |
Note:
The above figures are based on the un-audited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
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