Kalika Laghubitta reported a dismal performance in Q4; net profit decline to Rs 48.69 lakh
Tue, Aug 11, 2020 2:16 PM on Latest, Company Analysis,
Kalika Laghubitta Bittiya Sanstha Limited has reported a dismal performance in Q4, its net profit declined to Rs 48.69 lakh till Q4 of the fiscal year 2076/77 from Rs 2.07 crore in the corresponding quarter.
The borrowings of the company have increased by 11.54% to Rs 1.14 Arba from Rs 1.02 Arba in Q4 2076/77. The microfinance company collected deposits of Rs 1.06 Arba and has floated loans of Rs 2.41 Arba in the Q4 2076/77. Loan & advances of the company have increased by 32.90% compared to the corresponding quarter of last fiscal year.
The net interest income of the company has grown by 21.25%, from Rs 13.46 crores to Rs 16.32 crores in Q4 2076/77. Operating profit has declined by 347.45%.
The Paid-Up capital and reserve of Kalika Laghubitta Bittiya Sanstha Limited stand at Rs 2.53 crores and Rs 14.69 crores respectively. Moreover, the P/E ratio according to the report is 105.50 times.
The EPS and net worth per share stood at Rs 1.92 and Rs 145.61 respectively in Q4 2076/77. However, the company has also added the net profit till Poush 23, 2076, of Rs. 1,48,66,161 of Janasewi Laghubitta and concluded the EPS to be Rs. 7.82.
Major Highlights:
| Particulars (In Rs '000) | Kalika Laghubitta Bittiya Sanstha Limited | ||
|---|---|---|---|
| Q4 2076/77 | Q4 2075/76 | Difference | |
| Paid Up Capital | 252,330.00 | 108,000.00 | -76.55% |
| Reserve & Surplus | 146,917.00 | 67,710.00 | 116.98% |
| Deposits | 1,067,907.00 | 726,632.00 | 46.97% |
| Borrowings | 1,146,140.00 | 1,027,576.00 | 11.54% |
| Loans & Advances | 2,410,090.00 | 1,813,517.00 | 32.90% |
| Net Interest Income | 163,288.00 | 134,676.00 | 21.25% |
| Staff Expenses | 117,797.00 | 98,420.00 | 19.69% |
| Provision for possible losses | 62,679.00 | 24,719.00 | 153.57% |
| Operating Profit | -29,313.00 | 11,846.00 | -347.45% |
| Net Profit | 4,869.00 | 20,752.00 | -76.54% |
| Capital Adequacy (%) | 14.11 | 8.49 | 66.20% |
| NPL (%) | 2.98 | 1.60 | |
| Cost of Fund (%) | 9.83 | 9.41 | 4.46% |
| EPS (In Rs.) | 1.92 (7.82*) | 19.21 | |
| Net Worth per Share (In Rs.) | 145.61 | 162.69 | -10.50% |
| PE Ratio (times) | 105.50 | - | - |
| Qtr End Price | 825.00 | - | - |
| PB Ratio (times) | 5.7 | - | - |
*EPS adjusted after incorporating the profit till Poush 23, 2076 of Janasewi Laghubitta.
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