Siddhartha Bank Earns Rs. 1.33 Arba Profit in Q2; Net Interest Income Reaches Rs. 4.33 Arba with EPS at Rs. 17.93
Summary
Siddhartha Bank Limited reported a net profit of Rs. 1.33 Arba in Q2 FY 2082/83, with net interest income reaching Rs. 4.33 Arba and EPS at Rs. 17.93. Deposits and loans increased, and the bank's operating profit surged due to lower impairment charges.
Key Points
- Siddhartha Bank earned a net profit of Rs. 1.33 Arba in Q2 FY 2082/83, up from Rs. 53.02 crore in the previous year.
- Net interest income rose to Rs. 4.33 Arba, supported by growth in deposits and loans.
- Operating profit increased to Rs. 1.97 Arba due to a decline in impairment charges.
- Earnings per share reached Rs. 17.93, with the bank's shares trading at Rs. 385.80 and a PE ratio of 21.51 times.
