Bank posts Rs. 53.70 crore net profit amid stronger fee income and reduced impairment charges.
Shangrila Development Bank Limited has published its unaudited financial report for the fourth quarter of fiscal year 2080/81. According to the report, the bank recorded a net profit of Rs. 53.70 crore, marking a 6.51% increase compared to Rs. 50.43 crore in the same quarter last fiscal year.
Despite a slight dip in net interest income, the profit improved due to growth in fee and commission income, better operating profit, and a decline in impairment charges.
The bank’s net interest income decreased by 1.36% to Rs. 1.89 arba. However, operating income rose by 3.39% to Rs. 2.22 arba, providing support to the bottom line.
Impairment charges fell from Rs. 36 crore to Rs. 34 crore, which also contributed to the profit rise during the review period.
In terms of asset quality, the bank’s non-performing loan (NPL) ratio increased by 0.71 percentage points, reaching 5.64%.
By the end of the fourth quarter, Shangrila had collected Rs. 54.66 arba in deposits and issued loans totaling Rs. 43.02 arba.
The bank’s paid-up capital stands at Rs. 3.56 arba. Its distributable profit is reported at Rs. 41.38 crore, while the reserve fund has reached Rs. 2.01 arba.
On a per-share basis, the bank’s earnings per share (EPS) increased by 40 paisa to Rs. 15.10. Its net worth per share is Rs. 156.71.
The bank’s distributable EPS rose by Rs. 7.80 to reach Rs. 11.64, while its price-to-earnings (P/E) ratio stands at 30.65 times.
📌 This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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