Laxmi Bank’s comprehensive income rises by 33%; Net worth per share stand at Rs 150.02
Thu, Nov 15, 2018 8:08 AM on Financial Analysis, Latest, Stock Market,
Laxmi Bank Limited (LBL) has posted its first quarter reports as per the NFRS directives. They give the following picture.
A growth of almost 34.12% percent can be seen in the Net Profits of the bank after it posted a net profit of Rs.30.30 Crore this quarter. The operating profits has also grown by a little more than 41%.
However the Non-Performing Loan of the bank has gone down by 15.73% to stand at 1.50%. The loans and advances of the bank have grown by 18.86% to stand at Rs.64.62 Arba.
A significant growth of 214.25% can be seen in the borrowings of the bank as compare to the previous year. Deposits stand at Rs 69.07 arba in the first quarter with an increment of 17.78%.
The bank has been able to achieve a growth of almost 33.44% in the EPS at Rs.13.88 per share. It has also achieved 10.75% growth in the Net Worth per Share which currently stands at Rs.150.02.
Some other major highlights are as follows:
|
Particulars (In Rs '000) |
LBL |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
8,221,667 |
8,219,653 |
0.02% |
|
Reserve & Surplus |
4,112,239 |
2,913,900 |
41.12% |
|
Deposits |
69,072,579 |
58,645,840 |
17.78% |
|
Borrowings |
2,005,480 |
638,171 |
214.25% |
|
Loans & Advances |
64,627,036 |
54,370,278 |
18.86% |
|
Net Interest Income |
740,029 |
582,078 |
27.14% |
|
Operating Profit |
471,455 |
333,234 |
41.48% |
|
Net Profit |
303,017 |
225,933 |
34.12% |
|
Total Comprehensive Income afterShare of NCI |
285,299 |
213,747 |
33.48% |
|
Add/ Less: Regulatory adjustment as per NRB |
(51,710) |
(54,944) |
-5.89% |
|
Free Profit/ (Loss) after Regulatory Adjustments |
251,307 |
179,988 |
39.62% |
|
NPL |
1.50 |
1.78 |
-15.73% |
|
Annualized EPS (In Rs.) |
13.88 |
10.40 |
33.44% |
|
Net Worth per Share (In Rs.) |
150.02 |
135.45 |
10.75% |
