Laxmi Bank reported decline in profitability indicators in Q2; EPS at Rs. 15.09
Thu, Jan 28, 2021 7:41 AM on Latest, Company Analysis,
Laxmi Bank Limited (LBL) has published its second-quarter report for the FY 2077/2078 with a decline in Net Profit by 10.62%. The bank's net profit has decreased from Rs. 90.30 crores in the second quarter of FY 2076/2077 to Rs. 80.71 crores in the second quarter of FY 2077/2078.
The bank reported Rs. 50.46 crores as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank’s deposit from customers increased by 6.09% to Rs. 1.04 kharba (compared to immediate previous year ending) whereas loans and advances to customers increased by 4.45% to Rs. 92.38 Arba (compared to the immediate previous year ending) till the second quarter. The Net Interest Income (core business income) of the bank has decreased by 13.13% to Rs. 1.51 arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 10.69 Arba with Rs. 4.68 Arba in Reserve and surplus. The Non-performing loan (NPL) remained at 0.76%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 15.09 and Net worth per share stood at Rs. 143.83. The company traded at a P/B multiple of 1.95 times.
Major Highlights:
|
Particulars |
Laxmi Bank Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Share Capital |
10,695,690.00 |
9,812,560.00 |
9.00% |
|
Reserve & Surplus |
4,688,201.00 |
4,162,503.00 |
12.63% |
|
Loans and Advances |
92,387,258.00 |
88,452,550.00 |
4.45% |
|
Deposit from Customers |
104,357,534.00 |
98,370,757.00 |
6.09% |
|
Net Interest Income |
1,515,278.00 |
1,744,404.00 |
-13.13% |
|
Impairment charge/(Reversal) for loans |
151,107.00 |
60,924.00 |
- |
|
Operating Profit |
1,134,336.00 |
1,294,115.00 |
-12.35% |
|
Net Profit |
807,115.00 |
903,029.00 |
-10.62% |
|
Capital Adequacy Ratio (CAR) |
12.80% |
13.17% |
- |
|
Non-performing Loan (%) |
0.76% |
0.88% |
- |
|
Cost of Funds (%) |
4.93% |
7.21% |
- |
|
Base Rate (%) |
7.24% |
10.09% |
- |
|
CCD Ratio (as per NRB Directives) |
72.39% |
78.35% |
- |
|
Annualized EPS (Rs.) |
15.09 |
18.41 |
- |
|
Net Worth per share (Rs.) |
143.83 |
142.42 |
- |
|
Price to Earnings (Times) |
18.55 |
- |
- |
|
Price to Book (Times) |
1.95 |
- |
- |
