Laxmi Laghubitta's Q4 Highlights: Profit Decline by 18.48%, NPL Still at 3.21% and EPS at Rs 41.85
Wed, Aug 10, 2022 6:55 AM on Financial Analysis, Latest,
Laxmi Laghubitta Bittiya Sastha Limited (LLBS) has published its fourth-quarter report for the FY 2078/2079 with a decline in Net Profit by 18.48%. LLBS's net profit has decreased from Rs. 19.71 Crore in the fourth quarter of FY 2077/2078 to Rs. 16.07 Crore in the fourth quarter of FY 2078/2079.
In the same quarter, the bank has Rs 11.14 crores as distributable profit after PL Appropriation and Regulatory Adjustments. This amount can be used for distributing dividends.
Microfinance’s borrowings increased by 20.14% to Rs. 4.45 Arba and Deposits and Customers increased by 23.32% to Rs 2.55 Arba whereas loans and advances to Customers increased by 22.23% to Rs. 7.72 Arba till the fourth quarter. LLBS's Net Interest Income (core business income) has increased by 3.40% to Rs. 53.52 crore compared to the corresponding quarter of the previous year.
Microfinance’s paid-up capital stands at Rs. 38.40 crores with Rs. 29.88 crores in Reserve and surplus. The Non-performing loan (NPL) slightly declined to 3.21%.
The earnings per share (EPS) of the company stood at Rs. 41.85 and Net worth per share stood at Rs. 220.56. The company traded at a P/E multiple of 30.47 times.
Major Highlights:
| Particulars (In Rs '000") | Laxmi Laghubitta | ||
| Q4 2078/79 | Q4 2077/78 | Difference | |
| Share Capital | 384,054 | 320,045 | 20.00% |
| Share Premium | 0 | 0 | |
| Retained Earnings | 298,852 | 225,719 | 32.40% |
| Reserves | 164,150 | 168,292 | -2.46% |
| Borrowings | 4,452,197 | 3,705,747 | 20.14% |
| Deposits from Customers | 2,551,506 | 2,069,059 | 23.32% |
| Loans & Advances to Customers | 7,722,270 | 6,317,793 | 22.23% |
| Net Interest Income | 535,213 | 517,597 | 3.40% |
| Impairment Charge/(Reversal) | 58,496 | 64,859 | -9.81% |
| Personnel Expenses | 294,709 | 240,528 | 22.53% |
| Operating Profit | 236,753 | 286,882 | -17.47% |
| Profit/(Loss) for the Year | 160,724 | 197,149 | -18.48% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 111,456 | ||
| Capital Adequacy Ratio (CAR) | 10.78 | 10.23 | 5.38% |
| NPL | 3.21 | 3.27 | -1.83% |
| CD and Borrowing Ratio | 266.42 | 268.24 | -0.68% |
| Cost of Fund (%) | 9.8 | 6.62 | 48.04% |
| Interest Rate Spread (%) | 4.87 | 8.56 | -43.11% |
| EPS (In Rs.) | 41.85 | 61.60 | -32.06% |
| Net Worth per Share (In Rs.) | 220.56 | 223.11 | -1.15% |
| Qtr End PE Ratio (times) | 30.47 | - | - |
| Qtr End Market Price | 1275 | - | - |
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