Laxmi Laghubitta reports 37% rise in net profit of Q1 2076/77; Annualized EPS at Rs 45.66

Fri, Nov 1, 2019 12:14 PM on Financial Analysis, Latest, Stock Market,

Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) has published its first quarter report for the FY 2076/77 with net profit of Rs 3.17 crore. The profit has increased by 37.37% from Rs 2.31 crore in the corresponding quarter last FY.

The deposits of the microfinance company amounts Rs 1.39 arba and the microfinance floated loans of Rs 3.78 arba till this quarter. The borrowings of the microfinance increased by 19.07% to Rs 2 arba from the previous year’s figure of Rs 1.68 arba.

The paid up capital of the company stands at Rs 27.83 crore with Rs 21.03 crore in the reserve and surplus.

The annualized EPS of the microfinance company is Rs 45.66 and net worth of the company stands at Rs 175.57. The price to earnings (P/E) stands at 14.24 times.

First Quarter Report

Major Highlights:

Particulars (In Rs '000) Laxmi Laghubitta
Q1 2076/77 Q1 2075/76 Difference
Paid Up Capital 278,300.00 242,000.00 15.00%
Reserve & Surplus 210,312.00 224,828.00 -6.46%
Borrowings 2,000,540.00 1,680,121.00 19.07%
Deposits 1,393,250.00 1,017,345.00 36.95%
Loans & Advances 3,788,576.00 2,930,710.00 29.27%
Net Interest Income 89,877.00 65,989.00 36.20%
Staff Expenses 42,283.00 35,610.00 18.74%
Provision for possible losses 9,825.00 6,218.00 58.01%
Operating Profit 50,395.00 36,325.00 38.73%
Net Profit 31,768.00 23,126.00 37.37%
Capital Adequacy (%) 12.54 14.83 -15.44%
NPL (%) 1.52 0.99 53.54%
Cost of Fund (%) 9.99 9.94 0.50%
Annualized EPS (In Rs.) 45.66 -  
Net Worth per Share (In Rs.) 175.57 -  
PE Ratio (times) 14.24 -