Laxmi Laghubitta’s EPS stands at Rs 40.18 with 9% rise in net profit; NIC Asia Laghubitta earns Rs 5.77 crore profit in Q2
Mon, Jan 21, 2019 8:02 AM on Financial Analysis, Latest, Stock Market,
Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) has reported 9.09% increase in net profit for the second quarter of the current fiscal year 2075/76.
Publishing the unaudited financial report for the second quarter today, the microfinance company has stated that its net profit increased to Rs 4.86 crore in second quarter of fiscal year 2075/76, from Rs 4.45 crore reported in the corresponding quarter of the previous fiscal year 2074/75.
The microfinance has borrowings of Rs 1.73 arba in the 2nd quarter compared to Rs 1.50 arba in the corresponding quarter of FY 2074/75. Likewise, it extended loans of Rs 3.12 arba, up from 2.40 arba. It has collected deposits of Rs 1.09 arba.
It has paid up capital of Rs 24.20 crore with reserve of Rs 18.43 crore in Q2.
Laxmi Laghubitta’s net interest income has increased from Rs 11.74 crore in the corresponding quarter of FY 2074/75 to Rs 13.66 crore in the second quarter of fiscal year 2075/76.
It has posted an operating profit of Rs 7.62 crore in Q2 of FY 2075/76, an increment of 10.91% from Rs 6.87 crore in corresponding quarter of FY 2074/75.
The microfinance’s non-performing loan (NPL) has increased from 1.13% in the corresponding quarter to 1.21% in Q2 of FY 2075/76.
Its annualized Earning per Share (EPS) now stands at Rs 40.18, net worth per share at Rs 176.16 and P/E ratio at 20.4 times.
Major Highlights:
|
Particulars (In Rs '000) |
LLBS |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
242,000 |
242,000 |
0.00% |
|
Reserve & Surplus |
184,307 |
156,101 |
18.07% |
|
Deposits |
1,098,714 |
796,646 |
37.92% |
|
Borrowings |
1,735,742 |
1,506,518 |
15.22% |
|
Loans & Advances |
3,128,045 |
2,430,761 |
28.69% |
|
Net Interest Income |
136,630 |
117,410 |
16.37% |
|
Provision for possible losses |
13,641 |
9,833 |
38.73% |
|
Operating Profit |
76,225 |
68,727 |
10.91% |
|
Net Profit |
48,617 |
44,564 |
9.09% |
|
NPL (%) |
1.21 |
1.13 |
7.08% |
|
Annualized EPS (In Rs.) |
40.18 |
36.83 |
9.09% |
|
Net Worth per Share (In Rs.) |
176.16 |
164.50 |
7.09% |
|
P/E Ratio (In times) |
20.4 |
- |
|
NIC Asia Laghubitta Bittiya Sanstha Limited has reported net profit of Rs 5.77 crore in the second quarter of the current fiscal year.
The microfinance company’s deposit stood at Rs 27.93 crore while the floated loans amounted to Rs 3.13 arba. Borrowings of the company stood at Rs 3.64 arba in the second quarter.
The company’s operating profit was Rs 8.77 crore while its net interest income was reported as Rs crore.
Paid-up capital of the company sums to Rs 49 crore with Rs 5.21 crore as its reserve.
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