Laxmi Bank’s Q3 report shows EPS at Rs 13.02; 41.04% rise in net profit takes the figure to Rs 80.26 crore
Tue, Apr 24, 2018 1:38 AM on Financial Analysis, Stock Market,
Laxmi Bank Limited (LBL) has published financial report for the third quarter of the current fiscal year reporting its profit to be Rs 80.26 crore
As per the unaudited financial statement, its net profit has increased by 41.04% to Rs 80.26 crore at the end of the third quarter of the fiscal year.
Its share capital has increased to Rs 8.22 arba. Likewise, it has shown that its reserve has decreased by 49.90% to Rs 2.16 arba.
In this period, its deposits has increased to Rs 63.26 arba with floated loans of Rs 58.69 arba. With this, it has been able to increase its net interest income by 32.08% to Rs 1.54 arba.
Its non-performing loan has also decreased to 1.16 from 1.79% posted in last year’s Q3 report.
LBL’s annualized EPS stands at Rs 13.02 and its Net worth per share stands at Rs 126.38. The P/E ratio of the bank stands at 17.96 times
Major Highlights:
|
Particulars (In Rs '000) |
LBL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
8,221,667 |
3,159,030 |
160.26% |
|
Reserve & Surplus |
2,169,151 |
4,329,849 |
-49.90% |
|
Deposits |
63,268,385 |
57,801,175 |
9.46% |
|
Borrowings |
1,230,117 |
1,200,000 |
2.51% |
|
Loans & Advances |
58,699,279 |
50,217,636 |
16.89% |
|
Net Interest Income |
1,549,556 |
1,173,216 |
32.08% |
|
Provision for possible losses |
234,872 |
276,328 |
-15.00% |
|
Operating Profit |
1,109,414 |
736,204 |
50.69% |
|
Net Profit |
802,633 |
569,100 |
41.04% |
|
NPL (%) |
1.16 |
1.79 |
-35.20% |
|
Annualized EPS (In Rs.) |
13.02 |
24.02 |
-45.81% |
|
Net Worth per Share (In Rs.) |
126.38 |
237.06 |
-46.69% |
|
P/E Ratio (In times) |
17.96 |
- |
- |
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