Massive profit growth of Laxmi Bank by 67.28% to Rs 72.98 crore in Q4; EPS at Rs 22.17

Laxmi Bank Limited (LBL) has posted outstanding profit rise of 67.28 percent in the fourth quarter of the fiscal year 2072/73. According to the unaudited financial report published by the commercial bank today, its net profit has increased to Rs. 72.98 crore in fourth quarter up from Rs. 43.63 crore in the corresponding quarter of the previous fiscal year. Laxmi Bank’s net interest income has risen to Rs 1.46 arba in Q4 as compared to Rs. 1.03 crore in the corresponding quarter of the previous fiscal year. It has a paid up capital of Rs 3.03 arba with reserve of Rs 2.67 arba in Q4. The bank also collected huge amount of deposits of Rs 48.51 arba in Q4, up from Rs.40.03 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 40.80 arba in Q4 whereas in the same period last year the figure stood at Rs.31.16 arba. Its non-performing loan declined to 0.79 percent in Q4 from 1.30 percent in the previous year report. Laxmi Bank’s earning per share (EPS) stands at Rs.22.17, net worth per share at Rs.185.77, and P/E ratio at 39.51 times.