Kalika Laghubitta Reports Rs. 2.90 Crore Net Profit in Q1 FY 2082/83; Core Revenue Rose By 31.23%

Kalika Laghubitta Bittiya Sanstha Limited (KMCDB) has reported a net profit of Rs. 2.90 crore in the first quarter of FY 2082/83, reflecting a 19.63% growth compared to Rs. 2.42 crore earned in the corresponding period of the previous fiscal year. The growth in profit was largely supported by a notable rise in net interest income.

The company’s net interest income surged by 31.23% to Rs. 10.87 crore from Rs. 8.29 crore in the same quarter last year. Loans and advances stood at Rs. 4.88 arba, up slightly by 0.71%, while customer deposits increased by 1.40% to Rs. 1.66 arba. Borrowings, however, fell by 7.16% to Rs. 2.59 arba.

Operating profit rose by 19.45% to Rs. 2.90 crore, while impairment charges more than doubled to Rs. 1.19 crore. Retained earnings increased by 14.99% to Rs. 7.36 crore, and total reserves climbed by 3.83% to Rs. 29.94 crore.

Kalika Laghubitta’s capital adequacy ratio stood at 12.35%, slightly down from 12.95% last year. Non-performing loans (NPL) rose to 6.40% from 4.24%, while the cost of funds decreased to 6.96% from 8.23%. Earnings per share (EPS) improved to Rs. 28.51 from Rs. 23.83, and net worth per share increased to Rs. 191.51. The company’s quarter-end market price stood at Rs. 1,015, with a price-to-earnings (P/E) ratio of 35.60 times.

Report:

Major Financial Highlights:

* Figures are of the Immediate Previous Year Quarter Ending

Particulars (In Rs '000) Kalika Laghubitta
Q1 2082/83 Q1 2081/82 Difference
Paid Up Capital 407,691.31 407,691.31* 0.00%
Share Premium 0.00 0.00 -
Retained Earnings 73,636.80 64,036.18* 14.99%
Reserves 299,428.92 288,370.63* 3.83%
Borrowings 2,591,816.95 2,791,769.99* -7.16%
Deposits from Customers 1,669,911.85 1,646,933.49* 1.40%
Loans and Advances to Customers 4,881,902.46 4,847,429.14* 0.71%
Net Interest Income 108,785.81 82,898.23 31.23%
Personnel Expenses 64,590.90 53,440.17 20.87%
Impairment Charges 11,953.16 5,717.33 109.07%
Operating Profit 29,013.25 24,289.80 19.45%
Net Profit 29,057.20 24,289.80 19.63%
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments  9,600.62    
Capital Adequacy (%) 12.35 12.95 -4.63%
NPL (%) 6.40 4.24 50.94%
Cost of Fund (%) 6.96 8.23 -15.43%
EPS (In Rs.) 28.51 23.83 19.63%
Net Worth per Share (In Rs.) 191.51 186.44 2.72%
Qtr end PE Ratio (times) 35.60 - -
Qtr End Market Price 1015.00 - -