January 21, 2022 | Investopaper
Siddhartha Bank Limited (SBL) has reported a sharp rise in net profit until the second quarter of the current fiscal year 2078/79. The bank has earned a profit of Rs. 1.57 Arba in the first 6 months which is a rise by 72 percent as compared to the corresponding quarter of the previous year.
The incline in profit is mainly increase in the net interest income of the bank and decline in the impairment charge. The bank earned Rs 3 Arba as the net interest income, up from Rs 2.53 Arba of the same period last year. The operating profit of the bank stood at Rs 2.28 Arba.
As of Poush’s end 2078 BS, Siddhartha Bank has a paid-up capital of Rs. 12.52 Arba. Likewise, the total reserve and surplus stood at Rs 8.92 Arba. The bank has collected the deposits of Rs. 188.79 Arba from the customers and floated the loans of Rs. 176.88 Arba.
The annualized per-share earnings (EPS) and per share net worth stand at Rs. 25.12 and Rs. 171.25 respectively.
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The second-quarterly report of Siddhartha Bank is summarized in the table below:
Siddhartha Bank (SBL): Financial Highlights, Q2 Report, FY 2078/79
|Financial Indicators||Q2, F.Y. 2078/79||Q4, F.Y. 2077/78||Percent Change|
|Paid up capital (Rs.’Arba’)||12.52||10.96||14.23|
|Reserve and Surplus (Rs.’Arba’)||8.92||9.43||-5.41|
|Deposits From Customers (Rs.’Arba’)||188.79||180.92||4.35|
|Loans & Advances To Customers (Rs.’Arba’)||176.88||158.57||11.55|
|Financial Indicators||Q2, F.Y. 2078/79||Q2, F.Y. 2077/78||Percent Change|
|Net Interest Income (Rs.’Arba’)||3||2.53||18.58|
|Operating Profit (Rs.’Arba’)||2.28||1.33||71.43|
|Net Profit (Rs.’Arba’)||1.57||0.91||72.53|
|Distributable Profit (Rs.’Arba’)||0.68||–||–|
|Non Performing Loans, NPL (%)||0.37||1.91||-80.63|
|Earnings Per Share, EPS(Rs.)||25.12|
|Networth Per Share ( Rs.)||171.25|
|Market Price Per Share (Rs.) [Poush end, 2078 B.S.]||459|
Source: Unaudited Q2 Report, FY 2078/79
The above figures are based on the unaudited second-quarter 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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