Sindhu Bikas bank has published first quarter report of FY 2075/76. It has reported raise in net profit by 827.42% in comparing period.
As per the published report, the bank has reported increased in net profit to Rs.1.01 crore in this Q1 of Fiscal year 2075/76 from Rs.10.96 lakh in the same period of last fiscal year 2074/75.
It has collected deposit of Rs.1.94 arba and floated in loan & advances of Rs.1.48 arba in the first quarter of FY 2075/76.
Its net interest income increased to Rs.2.96 crore in Q1 from Rs.1.70 crore in the last corresponding quarter. Operating profit increased to Rs.1.16 crore from Rs.17.22 lakh in the last year. Operating profit increased by 574.05% in the comparing period.
Its paid up capital is Rs.50.00 crore with reserves of Rs.8.09 crore.
Its non performing loan stands at 1.32% from 1.39% from the last year. Cost of fund at 6.61% and Credit to deposit ratio at 60.34%.
Annualized earning per share is Rs.8.31, Net worth per share is Rs.116.19 and PE ratio stands at 15.25 times.
