Laxmi Laghubitta able to increase its EPS in Q3; net profit rises by 18.85%
Wed, Apr 17, 2019 7:06 AM on Financial Analysis, Stock Market, Latest,
Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) has reported 18.85% increase in net profit for the third quarter of the current fiscal year 2075/76.
Publishing the unaudited financial report for the third quarter today, the microfinance company has stated that its net profit increased to Rs 7.91 crore in third quarter of fiscal year 2075/76, from Rs 6.66 crore reported in the corresponding quarter of the previous fiscal year 2074/75.
The microfinance has borrowings of Rs 1.86 arba in the third quarter compared to Rs 1.56 arba in the corresponding quarter of FY 2074/75. Likewise, it extended loans of Rs 3.37 arba, up from 2.59 arba. It has collected deposits of Rs 1.18 arba.
It has paid up capital of Rs 24.20 crore with reserve of Rs 21.37 crore till Q3.
Laxmi Laghubitta net interest income has increased from Rs 17.60 crore in the corresponding quarter of FY 2074/75 to Rs 21.42 crore in the third quarter of fiscal year 2075/76.
It has posted an operating profit of Rs 12.25 crore, an increment of 19.57% from Rs 10.24 crore in corresponding quarter of FY 2074/75.
The microfinance’s non-performing loan (NPL) has increased from 1.21% in the corresponding quarter to 1.37% in Q3 of FY 2075/76.
Its annualized Earning per Share (EPS) stands at Rs 43.61, net worth per share at Rs 188.31 and P/E ratio at 17.66 times.
Major Highlights:
|
Particulars (In Rs '000) |
Laxmi Laghubitta |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital |
242,000.00 |
242,000.00 |
0.00% |
|
Reserve & Surplus |
213,705.00 |
178,133.00 |
- |
|
Deposits |
1,183,933.00 |
868,049.00 |
36.39% |
|
Borrowings |
1,860,294.00 |
1,560,635.00 |
19.20% |
|
Loans & Advances |
3,370,269.00 |
2,590,040.00 |
30.12% |
|
Net Interest Income |
214,261.00 |
176,090.00 |
21.68% |
|
Provision for possible losses |
21,231.00 |
14,521.00 |
- |
|
Operating Profit |
122,501.00 |
102,448.00 |
19.57% |
|
Net Profit |
79,158.00 |
66,601.00 |
18.85% |
|
Capital Adequacy (%) |
13.20 |
15.10 |
-12.58% |
|
NPL (%) |
1.37 |
1.21 |
13.22% |
|
Annualized EPS (In Rs.) |
43.61 |
36.69 |
18.85% |
|
Net Worth per Share (In Rs.) |
188.31 |
173.61 |
8.47% |
|
PE Ratio (times) |
17.66 |
- |
- |
