Sindhu Bikas Bank Net Profit slips by 29% ; Per share earning stood Rs 5.78

Sindhu Bikas Bank has published the report for 3rd quarter of the fiscal year 2074/75.

As per the report, the company has earned a net profit of Rs 1.81 crores till the end of 3rd quarter. The net profit was Rs 2.55 crores in the corresponding quarter of the previous fiscal year. This accounts for a significant decline of 29%. SINDHU now has an eps of Rs 5.78

The companys' net interest income though remained almost stagnent at Rs 7.40 crores. A significant drop was noticed in income from other operations. 

Staff expense rose significantly to Rs 2.50 crores from 1.84 crores in the previous year. The operating expense also surged to Rs 2.73 crores from Rs 2.10 crores.

Company’s operating profit has thus slipped significantly by 29% to Rs 2.85 crores. 

Deposit collection has increased to Rs 1.97 arba, from Rs 1.50 arba last year. Similarly, Company's lending has increased by 11.48 to Rs 1.51 arba.

The company now has a paid-up capital of Rs 41.81 crores with a reserve of Rs 9.44 crores. 

 

Positive Sides : 

• Tremendous rise in Deposit Collection
• Capital more then adequate
• CCD as low as 62.01%
• Low Cost of fund.

Negative Sides :  

• Spread Rate 7.18%
• High Base rate 
• Significant rise in Staff and other operating expenses.
• Below average earnings

 

Key Indicators

Earning Per Share (EPS) : Rs 5.79

P/E Ratio                          : 26.79 times 

P/B Ratio                          : 1.26 times

Networth Per share          : Rs 122.58