Lumbini Bikas Bank Limited Reports Impressive Growth in profitability In Q1; Look At The Major Indicators
Sun, Oct 31, 2021 10:06 AM on Company Analysis, Latest,
Lumbini Bikas Bank Limited (LBBL) has posted an increase in net profit of 90.80% in the first quarter of the fiscal year 2078/2079. The net profit rose to Rs. 21.31 crores from Rs. 11.17 crores of the corresponding quarter of the previous year.
The loans and advances for the quarter increased by 9.18% to Rs. 32.39 Arba from Rs. 29.67 Arba (compared to immediate previous year ending). The deposit increased to Rs. 36.55 Arba in this quarter (compared to immediate previous year ending).
The Net Interest income (Core business revenue) for the company increased by 33.71% to Rs. 33.36 crores. The operating profit for the company increased by 83.40%.
Lumbini has a paid-up capital of Rs. 2.90 Arba and a reserve and surplus of Rs. 2.53 Arba Crore.
Its Non-Performing loan (NPL) has declined to 1.31% in this quarter. Its annualized Earnings per Share stands at Rs. 29.34 and net worth per share stands at Rs.187.05. The company traded at a P/E multiple of 17.62 times.
Financial Highlights:
|
Particulars |
Lumbini Bikas Bank Limited |
||
|---|---|---|---|
|
Q1, 2078/2079 |
Q1, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
2,906,453.55 |
2,906,453.55 |
- |
|
Share Premium |
0.00 |
0.00 |
- |
|
Retained Earnings |
510,156.30 |
435,012.25 |
17.27% |
|
Reserves |
2,019,898.51 |
1,953,105.99 |
3.42% |
|
Deposit from customers |
36,554,499.94 |
36,371,466.80 |
0.50% |
|
Loans & Advances to Customers |
32,398,021.09 |
29,673,539.87 |
9.18% |
|
Net Interest Income |
333,662.72 |
249,535.64 |
33.71% |
|
Fee and Commission Income |
56,964.23 |
37,638.13 |
51.35% |
|
Impairment Charge/ (Reversal) |
-60,773.53 |
24,200.94 |
-351.12% |
|
Personnel Expenses |
126,892.22 |
93,656.71 |
35.49% |
|
Operating Profit |
292,794.71 |
159,650.39 |
83.40% |
|
Non-Operating Income |
0.00 |
0.00 |
- |
|
Profit/ (Loss) for the period |
213,164.63 |
111,719.47 |
90.80% |
|
Distributable Profit/(Loss) after P/L appropriations and Regulatory Adjustments |
510,156.30 |
- |
- |
|
Capital Adequacy Ratio (CAR) (%) |
13.12% |
12.68% |
- |
|
Non-Performing Loan (NPL) |
1.31% |
2.36% |
- |
|
CD (as per NRB Directive) |
88.85% |
73.13% |
- |
|
Cost of Fund (%) |
6.60% |
7.23% |
- |
|
Base Rate (%) |
9.01% |
9.65% |
- |
|
Annualized EPS (Rs.) |
29.34 |
15.38 |
90.80% |
|
Net Worth per share (Rs.) |
187.05 |
182.17 |
2.68% |
|
Qtr End PE Ratio (Rs.) |
17.62 |
- |
- |
|
Qtr End Market Price |
517 |
- |
- |
|
Price to Book (PB Ratio) |
2.76 |
- |
- |
