Laxmi Laghubitta Q3 financials remain unaffected from COVID-19; achieved 24.95% growth in net profit

Thu, May 7, 2020 7:25 AM on Financial Analysis, Stock Market, Latest,

Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) has reported profit growth of 24.95% to Rs 9.89 crore in the third quarter of the fiscal year 2076/77.

The borrowing of the microfinance has increased from Rs 1.86 arba in the corresponding quarter of the previous year to Rs 2.60 arba till the third quarter of the current fiscal year. Likewise, deposits has increased by 28.01% to Rs 1.51 arba and its loans increased by 34.18% to Rs 4.52 arba.

The net interest income has increased to Rs 27.41 Crore in the third quarter of fiscal year 2076/2077 from Rs 21.42 Crore compared to the corresponding quarter of the last fiscal year. The microfinance company has an operating profit of Rs 15.55 crore which increased by 27.01% and has provisioned Rs 3.87 crore for possible losses.

Laxmi Laghubitta’s paid-up capital stands at Rs 27.83 Crore till the third quarter of FY 76/77. Its reserve & surplus rises to Rs 27.33 Crore.

It’s annualized earnings per share (EPS) stands at Rs 47.39. The net worth per share stands at Rs 198.23 and the quarter-end P/E ratio at 20.17 times.

Major Highlights:

Particulars (In Rs '000)

Laxmi Laghubitta

Q3 2076/77

Q3 2075/76

Difference

Paid Up Capital

278,300.00

242,000.00

15.00%

Reserve & Surplus

273,380.00

213,705.00

27.92%

Borrowings

2,602,298.00

1,860,294.00

39.89%

Deposits

1,515,607.00

1,183,933.00

28.01%

Loans & Advances

4,522,207.00

3,370,289.00

34.18%

Net Interest Income

274,187.00

214,261.00

27.97%

Staff Expenses

125,198.00

106,588.00

17.46%

Provision for possible losses

38,775.00

21,231.00

-

Operating Profit

155,593.00

122,502.00

27.01%

Net Profit

98,910.00

79,160.00

24.95%

Capital Adequacy (%)

11.82

13.20

-10.45%

NPL (%)

1.70

1.37

-

Cost of Fund (%)

9.89

9.51

4.00%

EPS (In Rs.)

47.39

43.61

8.65%

Net Worth per Share (In Rs.)

198.23

188.31

5.27%

Qtr end PE Ratio (times)

20.17

-

-

Qtr End Market Price

956

-

-