Lumbini Bikas Bank Limited (LBBL) has reported a net profit gain of 90.80 percent in the first quarter of the fiscal year 2078/2079, compared to the same period the previous year. The net profit increased to Rs. 21.31 crores from Rs. 11.17 crores in the equivalent quarter of the previous year, representing a 33% increase in profit.
The loans and advances for the quarter climbed by 9.18 percent to Rs. 32.39 Arba from Rs. 29.67 Arba, representing an increase of 9.18 percent (compared to immediate previous year ending). In this quarter, the deposit grew to Rs. 36.55 Arba from Rs. 36.45 Arba previously (compared to immediate previous year ending).
The company’s net interest income (core business revenue) climbed by 33.71 percent to Rs. 33.36 crores, representing an increase of 33.71 percent. The operating profit of the corporation climbed by 83.40 percent during the same period last year.
Lumbini has a paid-up capital of Rs. 2.90 Arba and a reserve and surplus of Rs. 2.53 Arba Crore, with a total paid-up capital of Rs. 2.90 Arba.
The percentage of non-performing loans (NPLs) has decreased to 1.31 percent in the most recent quarter. In terms of annualized earnings per share, it is worth Rs. 29.34, while in terms of net worth per share, it is worth Rs. 187.05. Its net worth per share is worth Rs. 187.05. The company traded at a price-to-earnings ratio of 17.62 times.
The first quarter report can be found here.