Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) has reported 90.26% growth in net profit for the third quarter of the current fiscal year 2073/74.
Publishing the unaudited financial report for the third quarter today, the microfinance company has stated that its net profit rose to Rs 7.83 crore in third quarter of fiscal year 2073/74, up from Rs 4.11 crore reported in the corresponding quarter of the previous fiscal year 2072/73.
The microfinance has borrowings of Rs 1.27 arba in the 3rd quarter compared to Rs 79.02 crore in the corresponding quarter last year. Likewise, it extended loans of Rs 2.01 arba, up from 1.16 crore. It has collected deposits of Rs 58.01 crore.
It has paid up capital of Rs 22 crore with reserve of Rs 14.07 crore in Q3. It had issued 100% right share in the FY 2072/73 along with 21.05% cash dividend.
Laxmi Laghubitta’s net interest income has risen from Rs 10.19 crore in the corresponding quarter last year to Rs 17.66 crore in the third quarter of fiscal year 2073/74.
It has posted an operating profit of Rs 12.16 crore in Q3, up 90% from Rs 6.40 crore in corresponding quarter.
The microfinance’s non-performing loan (NPL) has slightly declined from 0.75% in the corresponding quarter to 0.41% in Q3.
Its Earning per Share (EPS) now stands at Rs 47.47, net worth per share at Rs 163.99 and P/E ratio at 37.94 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
220,000 |
110,000 |
100.00% |
| Reserve and Surplus |
140,771 |
49,604 |
183.79% |
| Deposits |
580,179 |
335,937 |
72.70% |
| Borrowing |
1,276,934 |
790,299 |
61.58% |
| Loans and Advances |
2,016,838 |
1,162,201 |
73.54% |
| Net Interest Income |
176,658 |
101,985 |
73.22% |
| Provision |
8,651 |
7,649 |
- |
| Operating Profit |
121,659 |
64,061 |
89.91% |
| Net Profit |
78,323 |
41,166 |
90.26% |
| Capital Adequacy Ratio |
17.00% |
13.22% |
- |
| NPL |
0.41% |
0.75% |
-45.33% |
| Cost of Fund |
5.88% |
5.08% |
|
| CD Ratio (as per NRB) |
255.20% |
263.94% |
- |
| EPS (Annualized) |
47.47 |
49.90 |
-4.87% |
| PE Ratio |
37.94 |
|
|
| Networth Per Share |
163.99 |
|
|
