Kisan Microfinance reports satisfactory growth in all major indicators in Q3; issuance of 1:1 right shares in pipeline
Mon, May 6, 2019 6:59 AM on Financial Analysis, Latest,
Kisan Microfinance Bittiya Sanstha Limited (KMFL) has shown outstanding rise in all major indicators in the third quarter (Q3) of the fiscal year 2075/76.
Publishing the unaudited financial report for the third quarter, the microfinance company stated that its net profit increased to Rs 1.32 crore in the Q3 of fiscal year 2075/76, up from Rs 63.32 lakh in the corresponding period of the previous fiscal year 2074/75.
Its net interest income has also increased from Rs 3.64 crore in corresponding quarter to Rs 5.49 crore in the third quarter.
Its paid up capital remains at Rs 8.97 crore with reserve of Rs 2.34 crore till Q3.
The company has borrowings of Rs 98.60 crore till the third quarter, up from Rs 76.38 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.39 arba till Q3 whereas in the same period last year the figure stood at Rs 97.02 crore.
Its annualized earning per share (EPS) stands at Rs 19.71 and net worth per share at Rs 128.57.
The micro finance capital adequacy ratio (CAR) is 8.01% which is near to NRB requirements. This suggest that the company is in acute shortage of capital. Due to shortage of capital, the microfinance company is issuing 1:1 right shares to its shareholders in near future. This agendas is already approved by its AGM but yet to be approved by NRB and SEBON.
Major Highlights:
|
Particulars (In Rs '000) |
Kisan Microfinance |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital |
89,797.79 |
40,000.00 |
124.49% |
|
Reserve & Surplus |
23,404.26 |
40,866.85 |
-42.73% |
|
Deposits |
344,524.60 |
233,675.58 |
47.44% |
|
Borrowings |
986,041.66 |
763,856.02 |
29.09% |
|
Loans & Advances |
1,398,590.29 |
970,232.84 |
44.15% |
|
Net Interest Income |
54,921.69 |
36,408.59 |
50.85% |
|
Staff Expenses |
44,116.16 |
34,375.83 |
28.33% |
|
Provision for possible losses |
9,230.09 |
6,024.14 |
- |
|
Operating Profit |
18,521.94 |
7,812.88 |
137.07% |
|
Net Profit |
13,275.02 |
6,332.24 |
109.64% |
|
Capital Adequacy (%) |
8.01 |
8.22 |
-2.55% |
|
NPL (%) |
1.37 |
2.48 |
-44.76% |
|
Cost of Fund (%) |
9.12 |
10.58 |
-13.80% |
|
Annualized EPS (In Rs.) |
19.71 |
21.11 |
-6.62% |
|
Net Worth per Share (In Rs.) |
126.06 |
202.17 |
-37.64% |
|
Qtr End PE Ratio (times) |
42.16 |
- |
- |
.png)
