Lumbini Bikas Bank profit falls to Rs 18.44 crore in Q3; Provision for possible losses increases by 229.53%
Tue, Apr 24, 2018 12:36 AM on Financial Analysis, Latest, Stock Market,
Lumbini Bikas Bank Limited (LBBL) has reported slight decrease in net profit by 16.43% in the third quarter of the current fiscal year 2074/75.
As per the report published in newspaper, the development bank has stated that its net profit decreased to Rs 18.44 crore in Q3 from Rs 22.06 crore reported in the corresponding quarter of the previous fiscal year 2073/74.
It has collected deposits of Rs 19.42 arba and floated loans of Rs 17.49 arba in Q3 of current fiscal year while its borrowings stand at Rs 35.39 crore.
It’s paid up capital remains at Rs 2.14 arba and has reserve of Rs 1.002 arba.
The development bank’s provision for possible losses increased massively by 229.53% to Rs 10.71 crore in the third quarter of the current fiscal year from Rs 3.25 crore in the corresponding quarter last year while its non-performing loan (NPL) increased to 2.59% from 1.75%.
Its annualized Earning Per Share (EPS) now stands at Rs 11.44, net worth per share at Rs 146.61 and P/E ratio at 13.55 times.
Major Highlights:
Particulars (In Rs '000) |
LBBL |
||
---|---|---|---|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
Paid Up Capital |
2,149,634 |
1,815,004 |
18.44% |
Reserve & Surplus |
1,002,044 |
240,287 |
317.02% |
Deposits |
19,425,458 |
15,064,083 |
28.95% |
Borrowings |
353,955 |
740,334 |
-52.19% |
Loans & Advances |
17,495,837 |
13,568,724 |
28.94% |
Net Interest Income |
534,566 |
471,963 |
13.26% |
Provision for possible losses |
107,118 |
32,506 |
229.53% |
Operating Profit |
183,493 |
224,418 |
-18.24% |
Net Profit |
184,411 |
220,655 |
-16.43% |
NPL (%) |
2.59 |
1.75 |
48.00% |
Annualized EPS (In Rs.) |
11.44 |
16.21 |
-29.44% |
Net Worth per Share (In Rs.) |
146.61 |
113.24 |
29.47% |
P/E Ratio (In times) |
13.55 |
10.36 |
30.79% |