Lumbini Bikas Bank registers outstanding performance in Q2; Profit rises by 63% and Net worth per share stands at Rs 162.34
Wed, Jan 23, 2019 7:55 AM on Financial Analysis, Latest, Stock Market,
Lumbini Bikas Bank Limited (LBBL) has reported outstanding boost in net profit of 63.15% in the second quarter of the fiscal year 2075/76.
As per the report published in newspaper, the development bank has stated that its net profit increased to Rs 23.46 crore in Q2 from Rs 14.37 crore reported in the corresponding quarter of the previous fiscal year 2074/75.
It has collected deposits of Rs 23.44 arba and floated loans of Rs 21.72 arba in Q2 of the current fiscal year.
It’s paid up capital remains at Rs 2.17 arba and has reserve of Rs 1.35 arba.
Its non-performing loan (NPL) decreased to 2.31% from 2.50%.
Its Earning Per Share (EPS) now stands at Rs 21.57, net worth per share at Rs 162.34 and P/E ratio at 7.93 times.
The development bank has announced 17.35% bonus shares worth Rs 37.71 crore from the profit of 74/75 FY for its shareholders. After that its paid up capital will reach Rs 2.55 arba.
Major Highlights:
|
Particulars (In Rs '000) |
LBBL |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
2,175,272 |
2,008,878 |
8.28% |
|
Reserve & Surplus |
1,356,110 |
1,010,439 |
34.21% |
|
Deposits |
23,442,663 |
19,187,106 |
22.18% |
|
Borrowings |
748,057 |
353,955 |
111.34% |
|
Loans & Advances |
21,723,046 |
17,253,943 |
25.90% |
|
Net Interest Income |
472,901 |
324,950 |
45.53% |
|
Provision for possible losses |
- |
46,559 |
- |
|
Operating Profit |
328,886 |
124,256 |
164.68% |
|
Net Profit |
234,609 |
143,798 |
63.15% |
|
NPL (%) |
2.31 |
2.5 |
-7.60% |
|
Annualized EPS (In Rs.) |
21.57 |
14.32 |
50.67% |
|
Net Worth per Share (In Rs.) |
162.34 |
150.30 |
8.01% |
|
P/E Ratio (In times) |
7.93 |
- |
|
