Laxmi Bank subsidiary Laxmi Laghubitta net profit upswings by 727.12 %; NPL at 0.05 %
Tue, Aug 4, 2015 12:00 AM on Others,
ShareSansar, August 4;
Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) has posted massive net profit rise of 727.12% in the fourth quarter of the last fiscal year 2071/72
As per the unaudited report published today, the microfinance has earned net profit of Rs 1.64 crore in the Q4 of FY 2071/72 up from Rs 19.87 lakh in the corresponding period of the previous fiscal year 2070/71.
Its net interest income surged to Rs 9.47 crore in the Q4 from Rs 3.50 crore in the corresponding quarter of the previous fiscal year. The company has accumulated Rs 19.20 crore in the deposits in fourth quarter up from Rs 7.32 crore in the previous fiscal year.
The company’s paid up capital stood at Rs 10 crore in the Q4 report. The loan and advances reached Rs 70.19 crore in the last fiscal year upturning from 29.71 crore in the corresponding period of the previous fiscal year.
The company’s Earnings per Share (EPS) stand at Rs 16.43. The CD ratio and non-performing loan (NPL) stands at 242.85% and 0.05% respectively. The last traded price of the company stood Rs 850 in NEPSE.
Laxmi Laghubitta Bittiya Sanstha Limited (LLBS), a microfinance subsidiary of Laxmi Bank Limited (a commercial bank of Nepal), is a national level microfinance institution licensed by Nepal Rastra Bank, the central bank of Nepal. It is the first microfinance institution to be registered as a subsidiary of a commercial bank in Nepal. Registered as a limited company on 30th November 2010, LxLB received operating license from central bank as "D" class (National Level) financial institution on 6th March 2012 to operate under Bank and Financial Institution Act 2003. It started formal microfinance operation from June 4, 2012 from its first branch office located in Battar, Nuwakot.
Laxmi Laghubitta Bittiya Sanstha Limited |
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| Rs. In "000" | |||
| 4th Qtr. FY 2071/72 | 4th Qtr. FY 2070/71 | Growth (%) | |
| Paid-up Capital (Rs.) | 100,000.00 | 100,000.00 | 0.00% |
| Reserve (Rs.) | 18,904.00 | 2,469.00 | 665.65% |
| Deposits (Rs.) | 192,012.00 | 73,203.00 | 162.30% |
| Loans and Adv. (Rs.) | 701,982.00 | 297,136.00 | 136.25% |
| Net Interest Income (Rs.) | 94,707.00 | 35,057.00 | 170.15% |
| Provision for Possible Losses (Rs.) | 4,159.00 | 2,185.00 | 90.34% |
| Operating Profit (Rs.) | 22,813.00 | -1,332.00 | -1812.69% |
| Net Profit (Rs.) | 16,435.00 | 1,987.00 | 727.13% |
| Capital Adequacy Ratio (%) | 15.35% | 25.60% | -40.04% |
| Cost of Funds (as per NRB) (%) | 4.89% | 8.00% | -38.88% |
| Earning Per Share (annualised) | 16.43 | - | - |
| P/E Ratio (Times) | 56.53 | - | - |
| Net Worth per Share (Rs.) | 118.9 | - | - |
