Laxmi Laghubitta Posts 78.48% Surge in Q1 Net Profit; Core Revenue Rises By 43.89%
Wed, Nov 13, 2024 9:32 AM on Financial Analysis, Company Analysis, Latest,
Laxmi Laghubitta Bittiya Sanstha Limited (LLBS) reported impressive growth in its Q1 financials for the fiscal year 2081/82. Net profit soared by 78.48%, reaching Rs. 1.70 Crore, up from Rs. 95.32 Lakh in the same quarter of the previous year. The company’s earnings per share (EPS) also saw a significant boost, rising to Rs. 15.41 from Rs. 8.63 last year. Net interest income increased by 43.89%, totaling Rs. 11.35 Crore, while operating profit surged by 78.97% to Rs. 2.40 Crore.
Additionally, reserves grew by 7.18%, reaching Rs. 28.69 Crore, reflecting the company’s strong financial position. The cost of fund decreased by 15.28%, now at 8.15%, although capital adequacy dipped by 10.00% to 9.18%. The non-performing loans (NPL) ratio increased by 15.24%, now at 7.94%.
The company’s net worth per share stands at Rs. 168.70, marking a 2.34% increase. As of the end of the quarter, the PE ratio was recorded at 70.74 times, with Laxmi Laghubitta’s stock price closing at Rs. 1,090.
Major Highlights:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Laxmi Laghubitta | ||
|---|---|---|---|
| Q1 2081/82 | Q1 2080/81 | Difference | |
| Paid Up Capital | 441,662.10 | 441,662.10* | 0.00% |
| Share Premium | 0.00 | 0.00 | - |
| Retained Earnings | 16,457.00 | 18,620.49* | -11.62% |
| Reserves | 286,953.77 | 267,726.79* | 7.18% |
| Borrowings | 3,424,360.75 | 3,412,746.29* | 0.34% |
| Deposits from Customers | 2,367,232.46 | 2,371,419.16* | -0.18% |
| Loans and Advances to Customers | 6,299,987.79 | 6,336,394.36* | -0.57% |
| Net Interest Income | 113,539.02 | 78,909.45 | 43.89% |
| Personnel Expenses | 76,135.12 | 75,580.73 | 0.73% |
| Impairment Charges | 7,076.38 | 2,551.67 | 177.32% |
| Operating Profit | 24,061.28 | 13,444.35 | 78.97% |
| Net Profit | 17,014.04 | 9,532.50 | 78.48% |
| Capital Adequacy (%) | 9.18 | 10.20 | -10.00% |
| NPL (%) | 7.94 | 6.89 | 15.24% |
| Cost of Fund (%) | 8.15 | 9.62 | -15.28% |
| Annualized EPS (In Rs.) | 15.41 | 8.63 | 78.48% |
| Net Worth per Share (In Rs.) | 168.70 | 164.83 | 2.34% |
| Qtr end PE Ratio (times) | 70.74 | - | |
| Qtr End Market Price | 1090.00 | - | |
