Kisan Microfinance Q2 report: satisfactory growth in all major indicators; issuance of 1:1 right shares in pipeline

Wed, Feb 6, 2019 9:28 AM on Financial Analysis, Latest, Stock Market,
Kisan Micr...

Kisan Microfinance Bittiya Sanstha Limited (KMFL) has shown outstanding rise in major indicators in the second quarter (Q2) of the fiscal year 2075/76.

Publishing the unaudited financial report for the second quarter, the microfinance company stated that its net profit increased to Rs 1.01 crore in the Q2 of fiscal year 2075/76, up from Rs 19.64 lakh in the corresponding period of the previous fiscal year 2074/75.

Its net interest income has also increased from Rs 2.36 crore in corresponding quarter to Rs 3.69 crore in the second quarter.

Its paid up capital remains at Rs 8.55 crore with reserve of Rs 2.44 crore in Q2.

The company has borrowings of Rs 1.02 arba in the second quarter, up from Rs 70.94 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.32 arba in Q2 whereas in the same period last year the figure stood at Rs 85.53 crore.

Its annualized earning per share (EPS) stands at Rs 23.63 and net worth per share at Rs 128.57.

The micro finance capital adequacy ratio (CAR) is 8.07% which is near to NRB requirements. This suggest that the company is  in serious shortage of capital. Due to shortage of capital, the microfinance company is issuing 1:1 right shares to its shareholders in near future.

Click Here for Q2 Report:

Click Here to See Right Issue Agend in AGM Notice:

Major Highlights:

Particulars (In Rs '000)

Kisan Micro Finance Bittiya Sanstha

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

85,581.50

40,000.00

113.95%

Reserve & Surplus

24,447.82

23,872.66

2.41%

Deposits

316,304.95

204,203.45

54.90%

Borrowings

1,025,515.65

709,424.47

44.56%

Loans & Advances

1,325,483.98

855,394.82

54.96%

Net Interest Income

36,930.87

23,652.71

56.14%

Provision for possible losses

4,722.96

2,968.88

59.08%

Operating Profit

15,240.00

1,874.59

712.98%

Net Profit

10,110.91

1,964.68

414.63%

Capital Adequacy (%)

8.07

7.39

9.20%

NPL (%)

2.76

2.31

19.48%

Annualized EPS (In Rs.)

23.63

9.82

140.54%

Net Worth per Share (In Rs.)

128.57

159.68

-19.49%

PE Ratio (times)

39.69

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