Kalika Laghubitta's net profit falls to Rs 27.09 lakh due to rise in LLP; NPL up to 3.01%

Kalika Laghubitta Bittiya Sanstha (KMCDB) has published its unaudited financial report for the second quarter of the fiscal year 2076/77.

KMCDB has earned a net profit of Rs.27.09 lakh until the end of Q2 in this fiscal year 2076/77 which was Rs.49.18 lakh in the previous year.

The net interest income of the microfinance company stands at Rs.8.16 Crore up from Rs.6.02 Crore posted in the corresponding quarter of the previous year.

KMCDB’s has seen an increase in its deposits which has grown to Rs.1.01 arba. Similarly, its borrowings have increased to Rs.1.31 arba. The microfinance company has floated Rs 2.48 Arba worth of loans and has set aside Rs.3.48 crore as provision for possible losses, which has impacted the profit figure.

As of Q2, KMCDB has a paid-up capital of Rs.25.23 Crore with a reserve of Rs.14.65 Crore. Its net worth per share is at Rs.133.40. Likewise, its annualized EPS stands Rs.13.93 and P/E ratio stands at 50.18 times.

The microfinance company recently merged with Janasewi Laghubitta Bittiya Sanstha Limited.

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