Friday, July 26, 2013

20% dividend for investors as Birat Laxmi Bikas Bank profits leap 106.97%.

Unaudited financial report published by Birat Laxmi Bikas Bank has reported 106.97 percent growth in profits.The bank earned Rs 6.69 crore in profits in FY 2069/70, a considerable rise from Rs 3.23 crore posted at the end quarter of the last fiscal.

Likewise, the bank’s deposits grew to Rs 3.25 arba from Rs 2.61 arba, a 24.54 percent growth over last year.

The bank’s EPS is Rs 34.48 and its net worth stands at Rs 149.39. In view of the massive growth in profits, the bank might pay out 20 percent dividends to its shareholders.

Birat Laxmi Bikas Bank                                             figures in '000
FY 2069/70  FY 2068/69 Growth
Net Profit (Rs.) 66945 32345 106.97%
Operating Profit (Rs.) 105200 49674 111.78%
Provision (Rs.) 10925 9364 16.67%
NPA (%) 0.36 0.85 -57.65%
Deposits (Rs.) 3256318 2614675 24.54%
Loan and Advances (Rs.) 239715 1772706 -86.48%
Fiscal Year End Price 125 142 -11.97%
EPS (Rs.) 34.48 18.69 84.48%
Net Worth Per Share (Rs.) 149.39 127.98 16.73%
P/E Ratio 3.63 7.6 -52.24%
src : sharesansar