Sanima Bank Posts 38.01% Rise in Net Profit in Q4; Distributable Profit Soars, EPS Reaches to Rs. 24.92

Sanima Bank Limited (SANIMA) reported a net profit of Rs. 2.55 arba in the fourth quarter of FY 2082/83, marking a notable improvement of 38.01% compared to Rs. 2.57 arba in the corresponding period of the previous fiscal year. The bank’s net interest income increased by 10% to Rs. 6.99 arba, up from Rs. 6.35 arba in Q4 FY 2082/83, reflecting growth in its core banking operations. Total deposits stood at Rs. 2.49 Kharba, while loans and advances expanded to Rs. 1.95 Kharba during the review period. Operating profit also witnessed a sharp growth of 44.44%, reaching Rs. 5.16 arba. However, personnel expenses rose to Rs. 2.26 arba during the period. Distributable Profit increased by 34.66% to Rs.2.83 arba. The bank posted an earnings per share (EPS) of Rs. 24.92, while net worth per share reached Rs.188.42. The capital adequacy ratio improved to 13.10 percent, and the cost of funds declined to 3.51 percent. At the end of the fiscal year, Sanima Bank’s shares were trading at Rs. 350, with a price-earnings (PE) ratio of 14.04 times. Report: Major Financial Highlights:

Particulars (In Rs '000) Sanima Bank Limited

Q4 2082/83 Q4 2081/82 Difference

Paid Up Capital 15,581,525.41 13,581,525.41 14.73%

8.25% Preference Share 2,000,000.00

0.00%

Paid Up Excluding Pref. Share 13,581,525.41

Retained Earnings 2,884,215.27 2,102,906.99 37.15%

Reserves 9,124,515.14 7,349,127.49 24.16%

Deposit 249,118,017.13 223,954,679.23 11.24%

Loans & Advances  195,884,730.90 176,440,505.81 11.02%

Net Interest Income 6,991,583.50 6,355,997.91 10.00%

Personnel Expenses 2,263,017.20 2,001,700.08 13.05%

Impairment Charges 1,077,783.77 1,889,120.78 -42.95%

Operating Profit 5,165,172.26 3,575,882.68 44.44%

Net Profit 3,550,144.53 2,572,463.98 38.01%

Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments  2,831,776.92 2,102,906.99 34.66%

Capital Adequacy (%) 13.10 13.01 0.69%

NPL (%) 1.02 1.20 -15.00%

Cost of Fund (%) 3.51 4.70 -25.32%

EPS  (In Rs.) 24.92 26.33 -5.33%

Net Worth per Share (In Rs.) 188.42 168.83 11.60%

Qtr end PE Ratio (times) 14.04  

Qtr End Market Price 350