Kalika Microcredit Development Bank Limited (KMCDB) has posted massive fall in net profit by 53.27 percent in the second quarter (Q2) of the current fiscal year 2074/75.
Publishing the unaudited financial report for the second quarter today, the microfinance company stated that its net profit falls to Rs 65.41 lakh in the Q2 of current fiscal year 2074/75, down from Rs 1.39 crore in the corresponding period of the previous fiscal year 2073/74.
Its net interest income has risen from Rs 3.38 crore in corresponding quarter to Rs 4.13 crore in the second quarter.
Its paid up capital remains at Rs 8.25 crore with reserve of Rs 5.60 crore in Q2. Its paid up capital will reach to Rs 10 crore from existing Rs 8.25 crore after adjustment of 21.21% bonus shares from the net profit of FY 2073/74.
The company has borrowings of Rs 59.75 crore in the second quarter, up from Rs 19.62 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.01 arba in Q2 whereas in the same period last year the figure stood at Rs 53.71 crore.
Its non-performing loan (NPL) has increased to 2.23% in Q2 from 1.7% in the previous year report.
KMCDB’s earning per share (EPS) stands at Rs 15.86, net worth per share at Rs 167.99 and the P/E ratio at 108.58 times.
Major Highlights:
| Particulars (In Rs '000) |
KMCDB |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
82,500 |
50,000 |
65.00% |
| Reserve & Surplus |
56,094 |
61,466 |
-8.74% |
| Deposits |
424,657 |
255,856 |
65.98% |
| Borrowings |
597,514 |
196,257 |
204.45% |
| Loans & Advances |
1,009,910 |
537,107 |
88.03% |
| Net Interest Income |
41,394 |
33,847 |
22.30% |
| Provision for possible losses |
9,471 |
4,592 |
106.25% |
| Operating Profit |
7,901 |
20,461 |
-61.39% |
| Net Profit |
6,541 |
13,996 |
-53.27% |
| NPL (%) |
2.23 |
1.7 |
31.18% |
| Annualized EPS (In Rs.) |
15.86 |
55.98 |
-71.68% |
| Net Worth per Share (In Rs.) |
167.99 |
222.93 |
-24.64% |
| P/E Ratio (In times) |
108.58 |
- |
- |
Announcement:
