Laxmi Bank’s Q4 Reports indicate decent performance; NPL increases to 1.29%
Wed, Aug 15, 2018 11:32 AM on Financial Analysis, Latest, Stock Market,
Laxmi Bank Limited (LBL) has posted its fourth quarter reports as per the NFRS directives. They give the following picture.
A growth of almost 21% percent can be seen in the Net Profits of the bank after it posted a net profit of Rs.123.36 Crore this quarter. The operating profits has also grown by a little more than 32%.
However the Non-Performing Loan of the bank has gone up by 38.71% to stand at 1.29% of the total loans and advances as compare to 0.93% in the same quarter of the previous year. The loans and advances of the bank have grown by 17.21% to stand at Rs.61.97 Arba.
A significant growth of 158% can be seen in the borrowings of the bank as compare to the previous year.
The bank has been able to achieve a growth of almost 10% in the EPS at Rs.15 per share. It has also achieved 11% growth in the Net Worth per Share which currently stands at Rs.143.41.
Some other major highlights are as follows:
|
Particulars (In Rs '000) |
Laxmi Bank Limited |
||
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
8,221,667 |
7,472,412 |
10.03% |
|
Reserve & Surplus |
3,569,218 |
3,311,159 |
7.79% |
|
Deposits |
67,735,866 |
59,320,404 |
14.19% |
|
Borrowings |
666,917 |
257,875 |
158.62% |
|
Loans & Advances |
61,972,032 |
52,873,374 |
17.21% |
|
Net Interest Income |
2,344,106 |
1,699,508 |
37.93% |
|
Operating Profit |
1,753,605 |
1,328,079 |
32.04% |
|
Net Profit |
1,233,601 |
1,019,686 |
20.98% |
|
Total Comprehensive Income afterShare of NCI |
568,969 |
1,035,833 |
-45.07% |
|
Add/ Less: Regulatory adjustment as per NRB |
-67,257 |
-13,062 |
414.91% |
|
Free Profit/ (Loss) after Regulatory Adjustments |
1,166,344 |
1,006,624 |
15.87% |
|
NPL |
1.29 |
0.93 |
38.71% |
|
Annualized EPS (In Rs.) |
15 |
13.65 |
9.89% |
|
Net Worth per Share (In Rs.) |
143.41 |
129.21 |
10.99% |
