Siddhartha Bank reports a decent rise of 28.02% in Net Profit ; EPS stands at Rs 20.39

As per the 3rd quarter report, Siddhartha Bank has earned a net profit of Rs 1.22 arba with an EPS of Rs 20.52. The net profit earned this year is 28.02% higher then previous year. 

The rise in Interest expense by nearly 80% has limited the growth of Net Interest Income to 17.71%. The Net Interest Income as of 3rd quarter is Rs 2.20 arba. The rise in fee, comission as well as operating Income has also contributed in the growth of Net Profit. 

The company has a paid-up capital of Rs 8 arba, meeting the NRB's directive for paid-up capital. Similarly, the company has collected a reserve of Rs 3.60 arba. The company has a net worth per share of Rs 144.95.

In term of deposit collection, a decent growth of 20% is seen as deposit collection rose to 90.40 arba. Similarly, lending has surged by 20.56% as loan extension of Rs 79.88 arba was made throughout the review period.       

Positive Sides:

• Decent growth in Net Profit. 
• Balanced growth in deposit and lending. 
• Average Earning per share of Rs 20.52 
• Adequate Capital with CAR 12.34%
• Low NPL of 1.31% 

 

Negative Sides:

• High CCD Ratio of 78.10%

 

Key Indicartors:

Earning Per Share (EPS)           : Rs 20.52

Price Earning Ratio (P/E Ratio) : 14.86 times 

Book Value                                 : Rs 144.95

P/b Ratio                                     : 2.10 times

Return on Equity (ROE)              : 14.16%

Return on Assets (ROA)             : 1.55%