Laxmi Laghubitta Reports Rs. 5.02 Crores Net Profit in Q3; EPS at Rs. 15.17, Net Interest Income Surges By 16.34%
Mon, May 5, 2025 11:17 AM on Latest, Financial Analysis, Company Analysis,
Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) has published its third-quarter report for FY 2081/82, showcasing a net profit of Rs. 5.02 crores, up by 13.07% from Rs. 4.44 crores in the corresponding period last fiscal year. The Earnings Per Share (EPS) has improved to Rs. 15.17, while net worth per share rose modestly by 1.15% to Rs. 168.21.
The microfinance company’s Net Interest Income jumped by 16.34%, reaching Rs. 32.34 crores. Likewise, operating profit grew by 8.07% to Rs. 6.85 crores. A controlled decline in staff expenses by 1.58% aided profitability.
Despite the positive earnings, there was a notable 18.04% rise in Non-Performing Loans (NPL), which climbed to 9.16%, raising concerns about credit quality. Borrowings dropped by 13.58%, while loans and advances to customers shrank by 3.78%. On the other hand, customer deposits increased by 5.56%.
Reserves and Surplus declined by 8.40%, but retained earnings turned positive to Rs. 2.35 crores from a negative Rs. 1.03 crores in the previous year. The cost of funds came down significantly to 7.58%, a 17.70% drop, enhancing interest spread.
Laxmi Laghubitta maintained a healthy capital adequacy ratio of 9.51%, up from 8.32%. At the end of Q3, the company’s stock price stood at Rs. 1,058.55, with a Price-to-Earnings (P/E) ratio of 69.79 times.
Major Highlights:
* Figure is of the Immediate Fiscal Year Ending
| Particulars (In Rs '000) | Laxmi Laghubitta | ||
|---|---|---|---|
| Q3 2081/82 | Q3 2080/81 | Difference | |
| Paid Up Capital | 441,662.10 | 441,662.10* | 0.00% |
| Retained Earnings | 23,569.75 | -10,313.77* | - |
| Reserves & Surplus | 277,693.39 | 303,142.95* | -8.40% |
| Borrowings | 2,949,248.40 | 3,412,746.29* | -13.58% |
| Deposits from Customers | 2,503,161.12 | 2,371,419.16* | 5.56% |
| Loans and Advances to Customers | 6,125,054.82 | 6,365,903.04* | -3.78% |
| Net Interest Income | 323,412.05 | 277,988.78 | 16.34% |
| Staff Expenses | 216,938.44 | 220,418.72 | -1.58% |
| Operating Profit | 68,571.30 | 63,452.69 | 8.07% |
| Net Profit | 50,239.92 | 44,433.88 | 13.07% |
| Capital Adequacy (%) | 9.51 | 8.32 | 14.30% |
| NPL (%) | 9.16 | 7.76 | 18.04% |
| Cost of Fund (%) | 7.58 | 9.21 | -17.70% |
| EPS (In Rs.) | 15.17 | 13.41 | 13.07% |
| Net Worth per Share (In Rs.) | 168.21 | 166.30 | 1.15% |
| Qtr end PE Ratio (times) | 69.79 | - | - |
| Qtr End Market Price | 1058.55 | - | - |
