Lakshmi Vilas Bank
Lakshmi Vilas Bank Ltd (LVBL) was incorporated in the year 1926. It came
into existence to meet the growing demands of agriculture, small
scale-industries and other priority sectors.
Q3 Results
Q3 PAT increased by 400% from 7.4cr to 32.5cr. This is due to decrease in NPA, increase in Net interest Income & Non interest income. NPA went down by 32 basis points. Net Interest Income increased by 9% to Rs.137.5cr & Non Interest Income Income increased by 59% to Rs.73.36cr.
Valuation
QOQ EPS increased from 0.6 to 2.57 which increased the trailing EPS of last 4 quater from 6.41 to 8.38 a growth of 30%
At a current price of 89 the stock is trading at 10.62 whereas the industry PE is 22. Currently the stock is trading at discount and we expect it to reach 100 in near term
Technical
The stock is currently trading above 20 days EMA & MACD.
No comments:
Post a Comment