Kalika Laghubitta Q3 Report: Net Profit Down 9.82%, Net Interest Income Drops 8.79% While EPS at Rs. 15.10
Mon, Apr 29, 2024 10:08 AM on Financial Analysis, Company Analysis, Latest,
Kalika Laghubitta Bittiya Sanstha Limited (KMCDB) has unveiled its financial performance for the third quarter of the fiscal year 2080/2081, indicating a 9.82% decline in Net Profit. The company's net profit diminished to Rs. 3.21 crore compared to Rs. 3.56 crore recorded in the corresponding quarter of the prior fiscal year.
In terms of financial indicators, KMCDB observed a 4.59% decrease in deposits, amounting to Rs. 1.3 Arba. Concurrently, loans and advances experienced a marginal 0.49% decline, reaching a total of 3.69 Arba during this quarter.
Core revenue, as manifested by net interest income, witnessed a notable 8.79% reduction, standing at Rs. 18.03 Crores compared to Rs. 19.76 Crores in the corresponding quarter of the preceding fiscal year.
The company's paid-up capital remained stable at Rs. 37.23 Crores, with retained earnings amounting to Rs. 4.73 crores and reserves totaling Rs. 19.15 Crores.
Noteworthy is the decline in the company's Non-Performing Loan (NPL) ratio, which decreased from 4.96% to 5.60%. Meanwhile, the distributable profit stood at Rs. 1.52 Crores.
For the third quarter of FY 2080/81, KMCDB reported an annualized earnings per share (EPS) of Rs. 15.10, with a net worth per share of Rs. 169.18. Interestingly, the company traded at a P/E multiple of 66.23 times.
Major Financial Highlights:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Kalika Laghubitta | ||
|---|---|---|---|
| Q3 2080/81 | Q3 2079/80 | Difference | |
| Paid Up Capital | 372,321.74 | 372,321.74* | 0.00% |
| Share Premium | 0.00 | 0.00 | - |
| Retained Earnings | 47,371.28 | 33,084.27* | 43.18% |
| Reserves | 191,598.77 | 173,541.63* | 10.41% |
| Deposits | 1,306,098.85 | 1,368,929.43* | -4.59% |
| Loans & Advances to Customers | 3,692,465.44 | 3,710,536.47* | -0.49% |
| Net Interest Income | 180,310.41 | 197,697.27 | -8.79% |
| Personnel Expenses | 126,053.89 | 140,194.88 | -10.09% |
| Impairment Charges | 6,860.94 | 15,560.35 | -55.91% |
| Operating Profit | 45,895.19 | 50,890.95 | -9.82% |
| Net Profit | 32,126.63 | 35,623.67 | -9.82% |
| Distributable Profit | 15,282.45 | 0.00 | - |
| Capital Adequacy (%) | 13.34 | 13.52 | -1.33% |
| NPL (%) | 4.96 | 5.60 | -11.43% |
| Cost of Fund (%) | 9.16 | 11.01 | -16.80% |
| EPS (In Rs.) | 11.50 | 12.76 | -9.82% |
| Net Worth per Share (In Rs.) | 164.18 | 155.50 | 5.59% |
| Qtr end PE Ratio (times) | 66.23 | - | - |
| Qtr End Market Price | 762 | - | - |
