Laxmi Bank Q3 earning surges by massive 87.04 % to Rs 47.68 cr. due to its core business activities; Reserve reaches Rs1.82 arba
Wed, May 4, 2016 10:51 AM on Latest, Financial Analysis, Featured,
Laxmi Bank Limited (LBL) has registered massive profit rise of 87.04 percent in the third quarter (Q3) of the fiscal year 2072/73.
According to the unaudited financial report published by the commercial bank today, its net profit has elevated to Rs. 47.68 crore in third quarter up from Rs.25.49 crore in the corresponding quarter of the previous fiscal year.
It has a paid up capital of Rs 3.03 arba with reserve of Rs 1.82 arba in Q3.
Laxmi Bank’s net interest income has risen to Rs 1 arba in Q3 as compared to Rs. 71.20 crore in the corresponding quarter.
The bank also collected huge amount of deposits of Rs 44.02 arba in Q3, up from Rs.36.51 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 37.05 arba in Q3 whereas in the same period last year the figure stood at Rs.30.13 arba.
Its non-performing loan declined to 1.26 percent in Q3 from 1.31 percent in the previous year report.
Laxmi Bank’s earning per share (EPS) stands at Rs.19.31, net worth per share at Rs.158.28, and P/E ratio at 33.04 times.
The 15th AGM of LBL has endorsed 1:1 right share. It’s paid up capital remains at Rs. 3.03 arba and after distribution of 100 percent right shares it’s paid up capital will reach Rs 6.06 arba.
It has a paid up capital of Rs 3.03 arba with reserve of Rs 1.82 arba in Q3.
Laxmi Bank’s net interest income has risen to Rs 1 arba in Q3 as compared to Rs. 71.20 crore in the corresponding quarter.
The bank also collected huge amount of deposits of Rs 44.02 arba in Q3, up from Rs.36.51 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 37.05 arba in Q3 whereas in the same period last year the figure stood at Rs.30.13 arba.
Its non-performing loan declined to 1.26 percent in Q3 from 1.31 percent in the previous year report.
Laxmi Bank’s earning per share (EPS) stands at Rs.19.31, net worth per share at Rs.158.28, and P/E ratio at 33.04 times.
The 15th AGM of LBL has endorsed 1:1 right share. It’s paid up capital remains at Rs. 3.03 arba and after distribution of 100 percent right shares it’s paid up capital will reach Rs 6.06 arba.
