64% increment in net profit of Birat Laxmi, earned 13 million

Kathmandu November 1-  Net profit of Birat Laxmi sees 64.32% growth in first quarter of this FY amounting to Rs. 13 million 39 thousands which was 7.9 million in the same period of last FY.

Bank reserve of Birat Laxmi sum up to Rs. 173 million 868 thousand which was Rs. 188 million 891 thousand during the same period of last FY.  Collection of deposits also took a leap by 15.09% to Rs. 4 billion 379 million 811 thousands from 3 billion 805 million 472 thousands. Lending of the bank increased by 10.80% to Rs. 2 billion 767 million 400 thousands which was Rs. 2 billion 497 million 500 thousands last FY.

Net interest income of the bank has grown by 22.86% to Rs. 45 .5 million which was Rs. 37 million last FY. Interest income of the bank has increased by 10.46% and interest expenses have increased by 2.66%. Likewise, operating profit of the bank increased by 64.34% to Rs. 20.4 million which was Rs. 12.4 million last FY. Bank's operating profit and net interest income has contributed to its growth in net profit.

In the first quarter of FY, EPS stands at Rs. 15.33. Similarly, P/E ration is 23.95 times. Net worth of the share is Rs. 151.98 and liquidity ratio is 46.85 times.

Meanwhile, Risky assets have been increased to 14.06% from 13.62% and bad debt has decreased to 1.31% from 1.40%.