Laxmi Bank’s second quarter report shows 31.56% growth in net profit; EPS increases to Rs 17.61
Thu, Jan 31, 2019 8:15 AM on Financial Analysis, Stock Market, Featured,
Laxmi Bank Limited (LBL) has published its second quarter reports as per the NFRS directives. They give the following picture.
A growth of 31.56 percent can be seen in the Net Profits of the bank after it posted a net profit of Rs.72.37 Crore this quarter. The operating profits has also grown by a little more than 32%.
Also, the Non-Performing Loan of the bank has gone down by 13.95% to stand at 1.11%. The loans and advances of the bank have grown by 28.75% to stand at Rs.70.57 Arba.
A significant growth can be seen in the borrowings of the bank as compare to the previous year. Deposits stand at Rs 75.89 arba in the second quarter.
The bank has been able to achieve a growth of almost 11.33% in the EPS at Rs.17.61 per share. It has also achieved 12.95% growth in the Net Worth per Share which currently stands at Rs.154.08.
LBL had recently proposed 8.5% bonus share from the profit of 2074/75 FY. The AGM to endorse same is going to be held on 2nd February, 2019.
Major Highlights:
|
Particulars (In Rs '000) |
LBL |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
8,221,667 |
8,221,667 |
0.00% |
|
Reserve & Surplus |
4,446,137 |
2,993,409 |
48.53% |
|
Deposits |
75,894,566 |
60,279,392 |
- |
|
Borrowings |
3,711,186 |
638,171 |
- |
|
Loans & Advances |
70,571,251 |
54,812,669 |
28.75% |
|
Net Interest Income |
1,454,331 |
1,027,838 |
41.49% |
|
Operating Profit |
1,078,322 |
816,262 |
32.10% |
|
Net Profit |
723,791 |
550,157 |
31.56% |
|
Total Comprehensive Income afterShare of NCI |
619,196 |
396,007 |
56.36% |
|
Add/ Less: Regulatory adjustment as per NRB |
(51,678) |
(30,887) |
- |
|
Free Profit/ (Loss) after Regulatory Adjustments |
672,113 |
519,270 |
29.43% |
|
NPL |
1.11 |
1.29 |
-13.95% |
|
Annualized EPS (In Rs.) |
17.61 |
15.82 |
11.33% |
|
Net Worth per Share (In Rs.) |
154.08 |
136.41 |
12.95% |
