Increased Provision leads to decrease in Net Profit for Laxmi Laghubitta; EPS at Rs. 39.82; NPL at 2.02%
Wed, Nov 11, 2020 5:43 AM on Latest, Company Analysis,
Laxmi Laghubitta Bittiya Sanstha (LLBS) has published its first-quarter report of FY 2077/2078 with a decrease in Net Profit by 12.80%. As per the report published by the company, the net profit decreased to Rs. 2.77 crores as compared to Rs. 3.17 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 42.34% to Rs. 2.84 Arba which was Rs. 2.00 Arba in the corresponding quarter of the previous year. The company’s loans and advances increased by 26.59% to Rs. 4.79 Arba in this quarter.
The net interest income (core revenue) has increased by 24.87% to Rs. 11.22 crores compared to Rs. 8.98 crores in the corresponding quarter of the previous year. Despite this increment, higher provision led to a decrease in net profit.
The paid-up capital of the company stood at Rs. 27.83 crores in this quarter and its reserve and surplus increased to Rs. 27.17 crores.
Its annualized earnings per share (EPS) stands at Rs. 39.82. The net worth per share stood at Rs. 197.65. The company traded at a P/E multiple of 27.63 times.
Financial Highlights:
|
Particulars |
Laxmi Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q1, 2077/2078 |
Q1, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
278,300.00 |
278,300.00 |
- |
|
Reserve & Surplus |
271,748.00 |
210,312.00 |
29.21% |
|
Borrowings |
2,847,574.00 |
2,000,540.00 |
42.34% |
|
Deposits |
1,697,793.00 |
1,393,250.00 |
21.86% |
|
Loans and Advances |
4,795,942.00 |
3,788,576.00 |
26.59% |
|
Net Interest Income |
112,227.00 |
89,877.00 |
24.87% |
|
Provision for possible losses |
43,171.00 |
9,825.00 |
339.40% |
|
Operating Profit |
43,973.00 |
50,395.00 |
-12.74% |
|
Net Profit |
27,703.00 |
31,768.00 |
-12.80% |
|
Capital Adequacy Ratio (%) |
10.95% |
12.54% |
- |
|
NPL (%) |
2.02% |
1.52% |
- |
|
Cost of Fund (%) |
7.22% |
9.99% |
- |
|
Annualized EPS (In Rs.) |
39.82 |
45.66 |
-12.80% |
|
Net Worth per share (In Rs.) |
197.65 |
175.57 |
12.57% |
|
Price to earnings (times) |
27.63 |
- |
- |
