Second Quarter Report of Shangri-La Development Bank and Mahalaxmi Development Bank Published

Shangri-La Development Bank and Mahalaxmi Development Bank have disclosed their unaudited financial statement for the second quarter of the fiscal year 2080/81.

Shangri-La Development Bank has published a report revealing a decrease in the profit of the bank. The Net Profit has decreased by 39.82% to Rs. 10.02 Crores in this quarter.

The annual EPS is reported at Rs. 5.84, and the net worth per share is recorded as Rs. 132.39 with a decrease of Rs. 12.12. Shangri-La Development Bank traded at a P/E multiple of 54.77 times during the period.
The Reserve and Surplus have also decreased by 8.64 % to Rs. 1.11 Arba in this quarter presented by the second quarter report. 
The non-performing loan (NPL) ratio is 4.89 %. The paid-up capital for the company stood at Rs. 3.43 Arba with an increase of 5% in this quarter.

Overall, the profit of the company has dipped by 39.82 % to Rs. 10.02 crores.

Whereas, Mahalaxmi Development Bank has also published its second quarter report for fiscal Year 2080/81.

Mahalaxmi Development Bank has published a report revealing a decrease in the profit of the bank. The Net Profit has decreased to Rs. 27.80 Crores in this quarter while it has earned 31.60 crores in the same time frame the previous year.

The annual EPS is reported at Rs. 13.33, and the net worth per share is recorded as Rs. 154.40. Mahalaxmi Development Bank traded at a P/E multiple of 25.58 times during the period.
The Reserve and Surplus are recorded to Rs. 2.25 Arba in this quarter presented by the second quarter report. The paid-up capital for the company stood at Rs. 4.17 Arba in this quarter.