Kisan Microfinance Bittiya Sanstha’s profit drops by 15%; EPS drops to Rs 19.50 & Net worth per share stands at Rs 141.68

Sun, Jul 29, 2018 7:43 AM on Financial Analysis, Latest, Stock Market,

Kisan Microfinance Bittiya Sanstha Limited (KMFL) has shown fall in net profit by 15.17 percent in the fourth quarter (Q4) of the fiscal year 2074/75.

Publishing the unaudited financial report for the fourth quarter yesterday, the microfinance company stated that its net profit fell to Rs 1.21 crore in the Q4 of fiscal year 2074/75, down from Rs 1.43 crore in the corresponding period of the previous fiscal year 2073/74.

Its net interest income has also fallen from Rs 5.42 crore in corresponding quarter to Rs 5.80 crore in the fourth quarter.

Its paid up capital remains at Rs 6.24 crore with reserve of Rs 2.60 crore in Q4.

The company has borrowings of Rs 77.49 crore in the fourth quarter, up from Rs 59.82 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.02 arba in Q4 whereas in the same period last year the figure stood at Rs 61.77 crore.

Its non-performing loan (NPL) has increased to 0.93% in Q4 from 0.95% in the previous year report.

Its annualized earning per share (EPS) stands at Rs 19.50 and net worth per share at Rs 141.68.

Major Highlights:

Particulars (In Rs '000)

KMFL

Q4 2074/75

Q4 2073/74

Difference

Paid Up Capital

62,468

32,200

94.00%

Reserve & Surplus

26,040

20,838

24.96%

Deposits

259,036

150,911

71.65%

Borrowings

774,982

598,280

29.54%

Loans & Advances

1,027,443

617,791

66.31%

Net Interest Income

54,261

58,062

-6.55%

Provision for possible losses

6,364

3,688

72.56%

Operating Profit

13,394

24,241

-44.75%

Net Profit

12,182

14,360

-15.17%

NPL

0.93

0.95

-2.11%

Annualized EPS (In Rs.)

19.50

44.60

-56.27%

Net Worth per Share (In Rs.)

141.68

164.71

-13.98%

P/E Ratio (In times)

82.62

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