Laxmi Bank Limited (LBL) has shown moderate growth in net profit of 27.78 % in the second quarter of the current fiscal year 2074/75.
As per the unaudited report published today, the commercial bank has stated that its net profit increased to Rs 51.92 crore in Q2 of the fiscal year 2074/75 from Rs 40.63 crore in the corresponding quarter of the previous fiscal year 2073/74.
Its deposit collection reached to Rs 60.27 arba where the bank floated loans of Rs 55.02 arba.
It has paid up capital of Rs 8.22 arba (including 10% bonus from the net profit of FY 2073/74) with Rs 1.88 arba in reserve.
Its NPL stands at 1.29%.
Its annualized Earning per Share (EPS) stands at Rs 12.63 where net worth per share stands at Rs 122.94 and P/E ratio at 19.8 times.
Major Highlights:
|
LBL |
|
|
Difference |
| Paid Up Capital |
8,221,667 |
3,039,229 |
170.52% |
| Reserve & Surplus |
1,886,146 |
3,626,729 |
-47.99% |
| Deposits |
60,279,392 |
55,554,818 |
8.50% |
| Borrowings |
638,171 |
- |
#DIV/0! |
| Loans & Advances |
55,022,716 |
46,710,109 |
17.80% |
| Net Interest Income |
999,871 |
776,516 |
28.76% |
| Provision for possible losses |
190,689 |
191,547 |
-0.45% |
| Operating Profit |
690,592 |
489,502 |
41.08% |
| Net Profit |
519,270 |
406,393 |
27.78% |
| NPL (%) |
1.29 |
1.31 |
-1.53% |
| Annualized EPS (In Rs.) |
12.63 |
26.74 |
-52.77% |
| Net Worth per Share (In Rs.) |
122.94 |
219.33 |
-43.95% |
| P/E Ratio (In times) |
19.8 |
- |
- |
Announcement:
