Laxmi Bank shows dismal performance; profit restricted to Rs 43.20cr (In-depth Study)

ShareSansar, August 13:

Laxmi Bank Limited (LBL) has reported 10.25 percent decline in its net profit for the fourth quarter of the last fiscal year 2071/72.

In the unaudited financial report published today, the bank has stated that  its earned net profit to Rs 43.20 crore as compared to Rs 48.14 crore of corresponding quarter of 2070/71 FY.

The bank’s net interest income has risen from Rs 85.10 crore in the previous year to Rs 1.03 arba in Q4. It’s paid up capital remains at Rs 2.33 arba.


Laxmi bank has collected deposits of Rs 40.03 arba to Rs 30.52 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 31.74 arba, up from Rs 22.80 arba.

However, its NPL has increased to 1.27 percent in Q4 as compared to the corresponding quarter of last year which was 1.13 percent. The provision for possible loss has increased to Rs 24.81 crore from Rs 7.44 crore which is the major reason behind a decrease in net profit this year.

Its EPS stands at Rs 17.61, the net worth per share at Rs 174.76 and the P/E ratio is 22.71 times.

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