Laxmi Laghubitta Bikas Bank Limited (LLBS) has reported a 111.93% growth in net profit for the second quarter of the current fiscal year 2073/74.
Publishing the unaudited financial report for the second quarter today, the microfinance company’s net profit rose to Rs 5.18 crore in the second quarter of fiscal year 2073/74—up from Rs 2.44 crore reported in the corresponding quarter of the previous fiscal year 2072/73.
The microfinance has borrowings of Rs 1.09 arba in the second quarter compared to Rs 70.54 crore in the corresponding quarter last year. Likewise, it extended loans of Rs 1.76 arba, up from Rs 99.14 crore. It has collected deposits of Rs 52.28 crore.
It has a paid up capital of Rs 22 crore with reserve of Rs 11.43 crore in Q2.
Laxmi Laghubitta’s net interest income has risen from Rs 6.39 crore in the corresponding quarter last year to Rs 11.58 crore in the second quarter of fiscal year 2073/74.
It has posted an operating profit of Rs 8.08 crore in Q2 up from Rs 3.82 crore in corresponding quarters.
The microfinance non-performing loan (NPL) has declined from 1.11% in the corresponding quarter to 0.34 % in Q2.
Its annualized Earning per Share (EPS) now stands at Rs 47.16, net worth per share at Rs 151.97 and P/E ratio at 24.17 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
220,000.00 |
110,000.00 |
100.00% |
| Reserve and Surplus |
114,328.00 |
32,919.00 |
247.30% |
| Borrowings |
1,092,227.00 |
705,484.00 |
|
| Members Deposits |
522,810.00 |
286,017.00 |
82.79% |
| Loans and Advances |
1,764,343.00 |
991,435.00 |
77.96% |
| Net Interest Income |
115,832.00 |
63,966.00 |
81.08% |
| Provision |
5,240.00 |
6,187.00 |
- |
| Write Back |
- |
- |
- |
| Operating Profit |
80,849.00 |
38,266.00 |
111.28% |
| Net Profit |
51,880.00 |
24,480.00 |
111.93% |
| Capital Adequacy Ratio |
17.97% |
13.32% |
- |
| NPL |
0.34% |
1.11% |
-69.37% |
| Cost of Fund |
5.52% |
5.13% |
|
| EPS (Annualized) |
47.16 |
44.51 |
5.96% |
| PE Ratio |
24.17 |
|
|
| Networth Per Share |
151.97 |
|
|
