Lumbini Bikas Bank Posts Rs 11.17 Crores In Net Profit

November 6, 2020 | Investopaper

Lumbini Bikas Bank Limited (LBBL) has reported a rise in profit by 15 percent in the first quarter of the fiscal year 2077/78. In the three months period, the development bank earned a net profit of Rs 11.17 crores as compared to Rs 9.68 crores of the corresponding period of the previous fiscal year.

The major financial indicators of Lumbini Bikas Bank Limited in fiscal year 2077/78 include:

Paid Up Capital: Rs 2.72 Arba

Reserve and Surplus: Rs 1.66 Arba

Deposits From Customers: Rs 32.45 Arba

Loans & Advances To Customers: Rs 25.46 Arba

Net Interest Income: Rs 24.95 crores

Operating Profit: Rs 15.96 crores

Net Profit: Rs 11.17 crores

Distributable Profit: Rs 2.12 crores

Non Performing Loans (NPL):  2.36%

Base rate: 9.65%

Earnings Per Share (EPS): Rs 16.45

Networth Per Share: Rs 160.98

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The performance of Lumbini Bikas Bank in the first quarter of the fiscal year 2077/78 is also summarized in the table below.

Lumbini Bikas Bank First Quarterly Report Summary, FY 2077/78

Financial Indicators	1st Qtr, 2077/78	4th Qtr, 2076/77	Percent Change
Paid up capital(Rs.’Arba’)	2.72	2.72	0.00
Reserve and Surplus(Rs.’Arba’)	1.66	1.51	9.93
Deposits From Customers (Rs.’Arba’)	32.45	28.06	15.65
Loans & Advances To Customers (Rs.’Arba’)	25.46	24.25	4.99

 

Financial Indicators	1st Qtr, 2077/78	1st Qtr, 2076/77	Percent Change
Net Interest Income(Rs.’crores’)	24.95	30.69	-18.70
Operating Profit (Rs.’crores’)	15.96	13.84	15.32
Net Profit (Rs.’crores’)	11.17	9.68	15.39
Distributable Profit (Rs.’crores’)	2.12
Non Performing Loans, NPL(%)	2.36	2	18.00
Base rate(%)	9.65	11.3	-14.60
Earnings Per Share, EPS(Rs.)	16.45
Networth Per Share ( Rs.)	160.98
Market Price Per Share (Rs.) [Ashwin  end, 2077]	217
P/E Ratio	13.19

Note:

The above figures are based on the unaudited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.

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