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Lakshmi Vilas Bank shines on reporting decent Q3 numbers

03 Feb 2012 Evaluate

Lakshmi Vilas Bank is currently trading at Rs. 89.65, up by 0.95 points or 1.07% from its previous closing of Rs. 88.70 on the BSE.

The scrip opened at Rs. 92.50 and has touched a high and low of Rs. 92.90 and Rs. 89.50 respectively. So far 13938 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 130.00 on 15-Jul-2011 and a 52 week low of Rs. 80.00 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 92.90 and Rs. 85.65 respectively. The current market cap of the company is Rs. 875.78 crore.

The promoters holding in the company stood at 11.55% while Institutions and Non-Institutions held 19.63% and 68.82% respectively. Lakshmi Vilas Bank has posted a 10.35% rise in its net profit to Rs 28.35 crore in the third quarter on the back of higher core income. Net profit of the bank stood at Rs 25.69 crore in the same period last year. Total income of the bank rose by 49.35% to Rs 429.49 crore during this period. Similarly, the private sector lender has witnessed a 48.10% rise in interest income to Rs 394 crore compared with Rs 266 crore reported in the same period last year.

The bank’s total deposits rose by 33.43% to Rs 13,281 crore from Rs 9,954 crore year earlier, gross credit expanded by 35.07% to Rs 9,344 crore in the third quarter ending December.

The bank has also witnessed a decrease in non-performing asset during this period. While gross NPA decreased to 2.42% from 2.98% last year, net NPA decreased to 1.23% from 2.04% reported in the same period last year. The private sector lender has a capital adequacy ratio of 10.82 percent by end of December and is planning to raise capital through tier-II bonds.

Lakshmi Vilas Bank Share Price

7.65 0.00 (0.00%)
25-Nov-2020 18:57 View Price Chart
Peers
Company Name CMP
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