Lumbini Bikas reports an outstanding 81.20% growth in EPS of Q3; still the proposed bonus shares of FY 2074/75 is pending

  • -ShareSansar
Wed, Apr 24, 2019 6:42 AM on Financial Analysis,
Lumbini Bi...

Lumbini Bikas Bank Limited (LBBL) has reported an outstanding growth of 86.26% in net profit in the third quarter of the fiscal year 2075/76.

As per the report published, the development bank has stated that its net profit increased to Rs 34.34 crore in Q3 from Rs 18.44 crore reported in the corresponding quarter of the previous fiscal year 2074/75.

It has collected deposits of Rs 24.35 arba and floated loans of Rs 22.36 arba till Q3 of the current fiscal year.

It’s paid up capital remains at Rs 2.20 arba and has reserve of Rs 1.46 arba.

The development bank’s has no provision for possible losses in this quarter. Its non-performing loan (NPL) decreased to 2.13% from 2.59%.

Its annualized Earning Per Share (EPS) now stands at Rs 20.73, net worth per share at Rs 166.32 and P/E ratio at 8.40 times.

The company has proposed to distribute 17.35% bonus shares to its shareholders for the fiscal year 2074/75 but yet the book closure and AGM remains to be announced.

Major Highlights:

Particulars (In Rs '000)

Lumbini Bikas Bank

Q3 2075/76

Q3 2074/75

Difference

Paid Up Capital

2,209,766.00

2,149,634.00

2.80%

Reserve & Surplus

1,465,477.00

1,002,044.00

46.25%

Deposits

24,354,595.00

19,425,458.00

25.37%

Borrowings

1,107,611.00

353,955.00

212.92%

Loans & Advances

22,362,798.00

17,495,837.00

27.82%

Net Interest Income

732,421.00

534,566.00

37.01%

Provision for possible losses

-

107,118.00

-

Operating Profit

492,126.00

183,493.00

168.20%

Net Profit

343,492.00

184,411.00

86.26%

Capital Adequacy (%)

15.79

17.05

-7.39%

NPL (%)

2.13

2.59

-17.76%

Annualized EPS (In Rs.)

20.73

11.44

81.20%

Net Worth per Share (In Rs.)

166.32

146.61

13.44%

PE Ratio (times)

8.40

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