Sunrise Bank shows a YoY growth of 9.81% in Net Profit; Annualised EPS of Rs 15.51

As per the 3rd quarter report, Sunrise bank has earned a profit of Rs 94.12 crores accounting a growth of 9.81%. The company now has an EPS of Rs 15.51. 

A significant increase is noticed both in interest income and interest expense. The Net Interest Income of the increased by 19%. A noticable growth was also seen in income from fee, comission, discount and foreign exchange gain. However a meager fall of 1.18% is seen in the operating profit. A tremendous growth of 44.51% is seen in the staff expense. The company has done a high provisioning of 41.57 crores which has also slowed down the company's growth. 

Sunrise Bank now has a capital of Rs 8.15 arba with a reserve of 2.45 arba. It has a per share networth of Rs 130.11. In terms of deposit, a growth of 12.20% is seen as the company has collected Rs 65.14 arba. Similarly, a lending of Rs 57.94 arba is done in the review period, which is 13.91% more then that done last year. 

Positive Sides :

• Low NPL 
• Decent earnings 
• Significant increase in interest income 

Negative Sides :    

• Tremendous rise staff expense. 
• Slow growth in Net Profit 
• Below average growth in lending and deposit. 

Key Indicators:

Earning Per Share : Rs 15.41

P/E Ratio               : 15.84 times 

P/B Ratio               : 1.87 times

Networth                : Rs 130.11