Laxmi bank limited has published second quarter report of fiscal year 2074/75 showing 27.78% growth in Net profit; Net profit is 51.92 crore.
As per the unaudited report published, Laxmi bank limited has earned 51.92 crore from 40.63crore in the previous corresponding quarter of last fiscal year. Net profit is growth by 27.78%.
During the period laxmi bank has collected 60.2 arba & floated in loan & advance 55.02 arba to generated income.
Net interest income of bank is increased by 28.75% which is 99.98crore from 77.65.
Operating profit of bank is 69.05 crore from 48.95 crore. It is growth by 41.08%. Staff expanses reached to 24.87crore from 14.76 crore.
Its paid up capital is 8.22 arba from 3.03 arba. Capital hike by 170.52%. Reserve is decreased by 47.99%, reserve remains 1.88 arba. This change in capital & reserve is due to issuance of right share & issuance of bonus share.
Non-performing loan decreased to 1.29% from 1.31%.
Earning per share is decreased by 52.77%. EPS stands at 12.63 from 26.74.
Net worth per share stands at 122.94 which decreased by 43.95%.
PE ratio stands at 19.8 times.
Major problem of bank is unable to hike its profit in the ratio of hike in capital. So, EPS & net worth is decline. Also need to control in operating expense.
Report’s highlights
