Laxmi Bank earns Rs 90.30 crore till Q2 with 24.76% growth; EPS and PE stands at Rs 18.41 and 11.19 times
Tue, Jan 28, 2020 9:55 AM on Financial Analysis, Stock Market, Featured,
Laxmi Bank Limited (LBL) has published its second quarter report for the FY 2076/77 today with 24.76% rise in net profit. The bank’s profit has increased from Rs 72.37 crore in the second quarter of the fiscal year 2075/76 to Rs 90.30 crore in the second quarter of the fiscal year 2076/77.
In the same quarter, the bank has Rs 59.18 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has increased by 9.84% (compared to immediate previous year ending) to Rs 88.23 arba and loans and advances to customers increased by 13.99% (compared to immediate previous year ending) to Rs 85.05 arba till the second quarter. The net interest income (core business income) of the bank has increased by 19.95% to Rs 1.74 arba from Rs 1.45 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 9.81 arba with Rs 3.32 arba as its reserve and surplus. The Non-performing loan stands at 0.88%.
In the second quarter, the annualized EPS of the bank stands at Rs 18.41. The net worth per share stands at Rs 133.90 and qtr end PE ratio stands at 11.19 times.
Major Highlights:
* 2075/76 figure are of Immediate Previous Year Ending.
* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q2 end paid up capital.
|
Particulars (In Rs '000) |
Laxmi Bank |
||
|---|---|---|---|
|
Q2 2076/77 |
Q2 2075/76 |
Difference |
|
|
Share Capital* |
9,812,560 |
8,920,509 |
10.00% |
|
Share Premium* |
- |
- |
|
|
Retained Earnings* |
1,018,320 |
1,453,368 |
-29.93% |
|
Reserves* |
2,308,241 |
2,276,159 |
1.41% |
|
Deposits from Customers* |
88,230,801 |
80,324,633 |
9.84% |
|
Loans & Advances to customers* |
85,052,596 |
74,615,900 |
13.99% |
|
Net Interest Income |
1,744,404 |
1,454,331 |
19.95% |
|
Impairment Charge/(Reversal) |
-60,924 |
-134,705 |
- |
|
Personnel Expenses |
598,315 |
460,752 |
29.86% |
|
Operating Profit |
1,294,115 |
1,078,322 |
20.01% |
|
Profit/(Loss) for the Year |
903,029 |
723,791 |
24.76% |
|
Total Comprehensive Income |
925,547 |
619,196 |
49.48% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
591,844 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
13.17 |
11.66 |
12.95% |
|
NPL |
0.88 |
1.11 |
-20.72% |
|
CCD (as per NRB Directives) |
78.35 |
77.56 |
1.02% |
|
Cost of Fund (%) |
7.21 |
7.68 |
-6.12% |
|
Base Rate (%) |
10.09 |
10.36 |
-2.61% |
|
Annualized EPS (In Rs.) |
18.41 |
16.23 |
13.42% |
|
Net Worth per Share (In Rs.) |
133.90 |
141.81 |
-5.58% |
|
Qtr End PE Ratio (times) |
11.19 |
- |
- |
|
Qtr End Market Price |
206 |
- |
- |
