Sunrise Bank posts profit of Rs. 45.44 crores in Q1
November 8, 2019 | Investopaper
Sunrise Bank has reported profit growth by 36 percent in the first quarter of the fiscal year 2076/77. The bank earned a net profit of Rs. 45.44 crores, up from Rs. 33.15 crores in the corresponding period of the previous year. However, the distributable profit until the first quarter is Rs. 15.84 crores.
The rise in profit is due to the increase in net interest income by 34 percent. Sunrise Bank earned Rs. 1.10 Arba as net interest income. In the first quarter of the last fiscal year, the bank has generated net interest income of Rs. 82 crores.
At a current paid-up capital of Rs. 8.15 Arba, the reserve & surplus is Rs. 4.55 Arba. The deposits from customers stand at Rs. 77.89 Arba. Likewise, the bank has floated loans of Rs. 72.55 Arba.
Similarly, the Earnings Per Share (EPS) has inclined from Rs. 16.26 to Rs. 22.29.
The first-quarter report of Sunrise Bank is summarized in the table below:
Sunrise Bank First Quarter Report, FY 2076/77
| HEADINGS | 1st QTR, 2076/77 | 4th QTR, 2075/76 | PERCENT CHANGE |
| PAID-UP CAPITAL (Rs. In Arba) | 8.15 | 8.15 | 0.00 |
| RESERVE & SURPLUS (Rs. In Arba) | 4.55 | 4.11 | 10.71 |
| DEPOSITS (Rs. In Arba) | 77.89 | 75.43 | 3.26 |
| LOANS (Rs. In Arba) | 72.55 | 68.87 | 5.34 |
| HEADINGS | 1st QTR, 2076/77 | 1st QTR, 2075/76 | PERCENT CHANGE |
| NET INTEREST INCOME (Rs. In Arba) | 1.1 | 0.82 | 34.15 |
| PROFIT (Rs. In Arba) | 0.45 | 0.33 | 36.36 |
| DISTRIBUTABLE PROFIT (Rs. In Arba) | 0.15 | – | |
| NON PERFORMING LOANS, NPL (%) | 1.27 | 1.12 | 13.39 |
| BASE RATE(%) | 9.97 | 10.97 | -9.12 |
| EARNINGS PER SHARE, EPS (Rs.) | 22.29 | ||
| NETWORTH PER SHARE (Rs.) | 155.78 | ||
| MARKET PRICE PER SHARE (Rs.) [Ashwin 30, 2076] | 239 | ||
| P/E RATIO | 10.72 |
