Impressive rise in core business revenue results 196.01% growth in net profit of Laxmi Laghubitta in Q4
Tue, Aug 3, 2021 4:46 AM on Financial Analysis, Latest,
Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) published the fourth-quarter report of FY 2077/2078 with an impressive 196.01% increment in Net Profit. As per the report published by the company, the net profit increased to Rs. 19.31 crores as compared to Rs. 6.52 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 49.41% to Rs. 3.70 Arba which was Rs. 2.48 Arba in the corresponding quarter of the previous year whereas deposits increased by 36.10% to Rs 2.07 arba. The company’s loans and advances have also increased by 45.27% to 6.16 Arba in this quarter.
The net interest income (core revenue) has increased by 46.27% to Rs. 50.77 crores compared to Rs. 34.71 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 32 crore and its reserve and surplus stood at Rs. 36.43 crore.
The non-performing loan of LLBS is increased to 3.27% from 2.26% in the corresponding quarter.
The Cost of the fund decline to 6.70% from 9.88% and the Capital Adequacy Ration (CAR) stands at 10.89% in the fourth quarter.
Its earnings per share (EPS) stand at Rs. 60.36. The net worth per share is Rs. 213.83. The company traded at a P/E multiple of 37.94 times.
Major Highlights:
| Particulars (In Rs '000) | Laxmi Laghubitta Bittiya Sanstha | ||
|---|---|---|---|
| Q4 2077/78 | Q4 2076/77 | Difference | |
| Paid Up Capital | 320,045.00 | 320,045.00 | 0.00% |
| Reserve & Surplus | 364,300.00 | 175,244.00 | 107.88% |
| Borrowings | 3,705,692.00 | 2,480,151.00 | 49.41% |
| Deposits | 2,069,242.00 | 1,520,342.00 | 36.10% |
| Loans & Advances | 6,163,661.00 | 4,242,868.00 | 45.27% |
| Net Interest Income | 507,721.00 | 347,120.00 | 46.27% |
| Staff Expenses | 209,823.00 | 173,033.00 | 21.26% |
| Provision for possible losses | 65,818.00 | 111,026.00 | - |
| Operating Profit | 305,279.00 | 102,172.00 | 198.79% |
| Write Back | 0.00 | 0.00 | - |
| Net Profit | 193,192.00 | 65,265.00 | 196.01% |
| Capital Adequacy (%) | 10.89 | 11.06 | -1.54% |
| NPL (%) | 3.27 | 2.26 | - |
| Cost of Fund (%) | 6.70 | 9.88 | -32.19% |
| EPS (In Rs.) | 60.36 | 20.39 | 196.01% |
| Net Worth per Share (In Rs.) | 213.83 | 154.76 | 38.17% |
| Qtr end PE Ratio (times) | 37.94 | - | - |
| Qtr End Market Price | 2290 | - | - |
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