Higher Impairment Charges Led to Decline in Net Profit by 67.92% for Kalika Laghubitta in Q2; Net Worth Per Share Rs 181.08
Mon, Feb 13, 2023 11:49 AM on Latest, Financial Analysis, Stock Market,
Kalika Laghubitta Bittiya Sanstha (KMCDB) published the second-quarter report of FY 2079/2080 with decline of 67.92% in Net Profit. As per the report published by the company, the net profit decreased to Rs. 2.69 crores as compared to Rs. 8.40 crores in the corresponding quarter of the previous year.
The decline in growth profit is mainly due to the impairment charges worth Rs. 1.66 crores. The net interest income (core revenue) has also decreased by 9.23% to Rs. 13.7 crores compared to Rs. 15.16 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 3.56% to Rs. 1.93 Arba which was Rs. 1.86 Arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 1.07% to 3.82 Arba in this quarter.
The paid-up capital of the company stands at Rs. 31.28 crores in this quarter and its reserve and surplus stood at Rs. 25.36 crores.
Its annualized earnings per share (EPS) stand at Rs 17.25. The net worth per share is Rs. 181.08 and the company traded at a P/E multiple of 61.75 times.
Financial Highlights:
| Particulars (In Rs '000) | Kalika Laghubitta | ||
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 312,875.41 | 312,875.41 | 0.00% |
| Retained Earnings | 162,436.15 | 134,966.10 | 20.35% |
| Reserves & Surplus | 91,252.84 | 92,417.24 | -1.26% |
| Borrowings | 1,935,956.63 | 1,869,322.74 | 3.56% |
| Deposits from Customers | 1,454,932.78 | 1,468,719.97 | -0.94% |
| Loans and Advances to Customers | 3,820,930.70 | 3,780,386.50 | 1.07% |
| Net Interest Income | 137,674.19 | 151,669.72 | -9.23% |
| Personnel Expenses | 91,936.74 | 84,377.84 | 8.96% |
| Impairment Charges | 16,675.99 | ||
| Write Back | 35,419.63 | ||
| Operating Profit | 38,543.18 | 120,136.33 | -67.92% |
| Net Profit | 26,980.22 | 84,095.43 | -67.92% |
| Capital Adequacy (%) | 13.60 | 13.12 | 3.66% |
| NPL (%) | 4.40 | 3.87 | 13.70% |
| Cost of Fund (%) | 9.53 | 6.83 | 39.53% |
| EPS (In Rs.) | 17.25 | 53.76 | -67.92% |
| Net Worth per Share (In Rs.) | 181.08 | 172.68 | 4.87% |
| Qtr end PE Ratio (times) | 61.75 | - | - |
| Qtr End Market Price | 1065.00 | - | - |
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