Kalika Microcredit reports 23% rise in net profit to Rs 1.4 crore; EPS of Rs 55.98

Kalika Microcredit Development Bank (KMCDB) has registered a net profit growth of 22.86% in the second quarter of the current FY 2073/74. According to the unaudited financial report published by the microfinance today, its net profit has increased to Rs 1.39 crore in the second quarter, up from Rs 1.13 crore in the corresponding quarter of the previous fiscal year. KMCDB’s net interest income has risen to Rs 3.38 crore in Q2 as compared to Rs. 2.64 crore in the corresponding quarter of the last fiscal year. Its NPL in this period has increased from 1.08% to 1.70%. As of Q2, it has a paid up capital of Rs 5 crore with a reserve of Rs 7.54 crore. The bank has borrowed Rs 19.62 crore in Q2 and has a deposit base of Rs 25.58 crore. Likewise, it has extended loans and advances of Rs. 53.71 crore in Q2 whereas in the same period last year, the figure stood at Rs 39.28 crore. KMCDBL’s annualized Earnings per Share (EPS) has increased to Rs 55.98 per share. It has a net worth of Rs 250.92 with a P/E ratio of 29.45 times. It is yet to propose any dividend for the FY 2072/73.