Laxmi Laghubitta reports impressive Q3 financials with 59.43% growth in net profit; EPS stands at Rs 65.69 and NPL rises to 3.14%
Mon, Apr 26, 2021 5:07 AM on Financial Analysis, Latest,
Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) published the third-quarter report of FY 2077/2078 with a satisfactory 59.43% increment in Net Profit. As per the report published by the company, the net profit increased to Rs. 15.76 crores as compared to Rs. 9.89 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 44.42% to Rs. 3.75 Arba which was Rs. 2.60 Arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 38.66% to 6.27 Arba in this quarter.
The net interest income (core revenue) has increased by 30.60% to Rs. 35.80 crores compared to Rs. 27.41 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 32 crore in this quarter and its reserve and surplus stood at Rs. 32.98 crore.
The non-performing loan of LLBS is increased to 3.14% from 1.70% in the corresponding quarter.
Its annualized earnings per share (EPS) stands at Rs. 65.69. The net worth per share is Rs. 203.05. The company traded at a P/E multiple of 31.75 times.
Major Highlights:
| Particulars (In Rs '000) | Laxmi Laghubitta | ||
|---|---|---|---|
| Q3 2077/78 | Q3 2076/77 | Difference | |
| Paid Up Capital | 320,045.00 | 278,300.00 | 15.00% |
| Reserve & Surplus | 329,822.00 | 273,380.00 | 20.65% |
| Borrowings | 3,758,117.00 | 2,602,298.00 | 44.42% |
| Deposits | 2,043,283.00 | 1,515,607.00 | 34.82% |
| Loans & Advances | 6,270,328.00 | 4,522,207.00 | 38.66% |
| Net Interest Income | 358,077.00 | 274,188.00 | 30.60% |
| Staff Expenses | 137,152.00 | 125,198.00 | 9.55% |
| Provision for possible losses | 41,091.00 | 38,775.00 | - |
| Operating Profit | 248,925.00 | 155,594.00 | 59.98% |
| Net Profit | 157,689.00 | 98,910.00 | 59.43% |
| Capital Adequacy (%) | 10.38 | 11.82 | -12.18% |
| NPL (%) | 3.14 | 1.70 | - |
| Cost of Fund (%) | 6.43 | 9.89 | -34.98% |
| EPS (In Rs.) | 65.69 | 47.39 | 38.63% |
| Net Worth per Share (In Rs.) | 203.05 | 198.23 | 2.43% |
| Qtr end PE Ratio (times) | 31.75 | - | - |
| Qtr End Market Price | 2086 | - | - |
