Massive profit growth of Laxmi Bank by whopping 77.57% to Rs. 32.58 crore; 100% right share in pipeline
Mon, Feb 15, 2016 11:02 AM on Latest, Financial Analysis, Featured,
Laxmi Bank Limited (LBL) has registered massive profit rise of 77.57 percent in the second quarter of the fiscal year 2072/73.
According to the unaudited financial report published by the bank today, its net profit has elevated to Rs. 32.58 crore in second quarter up from Rs. 18.34 crore in the corresponding quarter of the previous fiscal year.
Laxmi Bank’s net interest income has risen to Rs 64.25 crore in the second quarter as compared to Rs. 46.03 crore in the corresponding quarter. It’s paid up capital remains at Rs.3.03 arba.
The bank also collected huge amount of deposits of Rs 41.37 arba in Q2, up from Rs.34.42 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs. 33.69arba in Q1 whereas in the same period last year the figure stood at Rs.29.11 arba.
Its non-performing loan declined to 1.10 percent in Q2 from 1.16 percent in the previous year report.
Laxmi Bank’s earning per share (EPS) stands at Rs.19.96, net worth per share at Rs.153.77, and P/E ratio at 28.81 times.
The 15th AGM of LBL has endorsed 1:1 right share. It’s paid up capital remains at Rs. 3.03 arba and after distribution of 100 percent right shares it’s paid up capital will reach Rs 6.06 arba.
Laxmi Bank’s net interest income has risen to Rs 64.25 crore in the second quarter as compared to Rs. 46.03 crore in the corresponding quarter. It’s paid up capital remains at Rs.3.03 arba.
The bank also collected huge amount of deposits of Rs 41.37 arba in Q2, up from Rs.34.42 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs. 33.69arba in Q1 whereas in the same period last year the figure stood at Rs.29.11 arba.
Its non-performing loan declined to 1.10 percent in Q2 from 1.16 percent in the previous year report.
Laxmi Bank’s earning per share (EPS) stands at Rs.19.96, net worth per share at Rs.153.77, and P/E ratio at 28.81 times.
The 15th AGM of LBL has endorsed 1:1 right share. It’s paid up capital remains at Rs. 3.03 arba and after distribution of 100 percent right shares it’s paid up capital will reach Rs 6.06 arba.
