Lumbini Bikas Bank earns Rs. 25 crores in 6 months, NPL declines to 1.96%
February 10, 2020 | Investopaper
Lumbini Bikas Bank has reported a net profit of Rs. 25.21 crores until the second quarter of the fiscal year 2076/77. The national-level development bank’s profit increased by a mere 0.68 percent despite the rise in net interest income by 16.58 percent. The company has earned Rs. 58.49 crores as net interest income, up from Rs. 50.17 crores in the same period of the previous year. The distributable profit of the 6 months period stood at Rs. 17.32 crores.
The paid-up capital of the bank has increased by 23 percent to Rs. 2.72 Arba. On the other hand, the reserve and surplus have declined by 32 percent to Rs. 137.74 crores. This is mainly due to the distribution of dividends from FY 2075/76.
Until the Poush end, Lumbini Bikas Bank has collected deposits of Rs. 23.64 Arba from the customers. Likewise, it has floated Rs. 23.10 Arba as loans to the customers. (Note: This doesn’t include the transactions with other BFIs).
One major improvement seen in the bank’s performance is the decline of NPL from 2.31 percent to 1.96 percent. Likewise, the base rate has slightly fallen to 11.10 percent.
The Annualized Earnings Per Share (EPS) stands at Rs. 18.57. While the per-share net worth is Rs. 152.76.
The summarized version of the second-quarter report is also presented in the table below:
Lumbini Bikas Bank Second Quarter Report Summary, FY 2076/77
| HEADINGS | 2nd QTR, 2076/77 | 4th QTR, 2075/76 | PERCENT CHANGE |
| PAID-UP CAPITAL (Rs. In crores) | 271.63 | 220.98 | 22.92 |
| RESERVE & SURPLUS(Rs. In crores) | 137.74 | 202.8 | -32.08 |
| DEPOSITS From Customers (Rs. In Arba) | 23.64 | 21.5 | 9.95 |
| LOANS To Customers (Rs. In Arba) | 23.1 | 21.14 | 9.27 |
| HEADINGS | 2nd QTR, 2076/77 | 2nd QTR, 2075/76 | PERCENT CHANGE |
| NET INTEREST INCOME (Rs. In crores) | 58.49 | 50.17 | 16.58 |
| PROFIT (Rs. In crores) | 25.21 | 25.04 | 0.68 |
| DISTRIBUTABLE PROFIT (Rs. In crores) | 17.32 | – | – |
| NON PERFORMING LOANS, NPL (%) | 1.96 | 2.31 | -15.15 |
| BASE RATE(%) | 11.1 | 11.16 | -0.54 |
| EARNINGS PER SHARE, EPS (Rs.) | 18.57 | ||
| NETWORTH PER SHARE (Rs.) | 152.76 | ||
| MARKET PRICE PER SHARE (Rs.) [Poush end, 2076] | 150.65 | ||
| P/E RATIO | 8.11 |
Note:
The above figures are based on the unaudited second-quarter 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.
