Kisan Microfinance Bittiya Sanstha Limited (KMFL) and Kalika Microcredit Development Bank Limited (KMCDB) have published their financial statements for the third quarter of the FY 2072/73.
As per the reports, KMFL has made a 74.75% net profit growth, which now stands at Rs 1.29 crore until the end of Q3 this year. Likewise, its net interest income has also grown by 90.31% to Rs 4.38 crore.
KMFL has posted similar growths in its borrowings, deposits and floated loans. However, KMFL’s growth has come at a price: its non-performing loan has increased to 3.22%. Since KMFL has capital adequacy ratio of just 8.92%, increasing its paid up capital should help it continue its progress streak.
As of the end of Q3, its paid up capital stands at Rs 3.22 crore, reserve at Rs 2.67 crore and net worth per share at Rs 183.12. Its earnings per share (EPS) has slightly increased to Rs 53.46.
Major Highlights of Kisan Microfinance:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
32,200 |
20,000 |
61.00% |
| Reserve and Surplus |
26,766 |
17,530 |
52.69% |
| Borrowings |
505,431 |
280,831 |
79.98% |
| Deposits |
133,715 |
74,117 |
80.41% |
| Loans and Advances |
626,055 |
335,985 |
86.33% |
| Net Interest Income |
43,842 |
23,037 |
90.31% |
| Provision |
2,811 |
2,324 |
20.95% |
| Write Back |
- |
- |
|
| Operating Profit |
20,288 |
11,598 |
74.92% |
| Net Profit |
12,911 |
7,388 |
74.75% |
| Capital Adequacy Ratio |
8.92% |
10.22% |
- |
| NPL |
3.22% |
1.58% |
103.80% |
| Cost of Fund |
7.33% |
6.50% |
|
| CD Ratio (as per NRB) |
90.17% |
89.60% |
- |
| EPS (Annualized) |
53.46 |
49.25 |
8.54% |
| PE Ratio |
51.00 |
|
|
| Networth Per Share |
183.12 |
|
|
Likewise, KMCDB has earned net profit of Rs 2.07 crore until the end of Q3 in this fiscal year 2073/74. As per its unaudited report, this is a modest 23% increase as compared to the same period last year.
KMCDB’s main growth can be seen in increase in its deposits which has grown to Rs 28.32 crore. However, decrement in its borrowings can have an effect on its future growth.
The microfinance company has written back Rs 35 lakh worth of loans and has set aside Rs 70.52 lakh as provision for bad loans.
As of Q3, KMCDB has a paid up capital of Rs 5 crore with reserve of Rs 8.22 crore. Its net worth per share is at Rs 264.47. However, after capitalization of 65% bonus share for the FY 2072/73, its capital will increase to Rs 8.25 crore, reserve will be diluted to Rs 4.97 crore with net worth per share at Rs 160. Likewise, its diluted EPS will also be Rs 33.56.
Major Highlights of Kalika Microcredit Dev Bank:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
50,000 |
50,000 |
0.00% |
| Reserve and Surplus |
82,236 |
61,481 |
33.76% |
| Borrowings |
195,841 |
195,976 |
-0.07% |
| Deposits |
283,219 |
188,554 |
50.21% |
| Loans and Advances |
604,398 |
412,931 |
46.37% |
| Net Interest Income |
51,653 |
40,729 |
26.82% |
| Provision |
7,052 |
3,817 |
84.75% |
| Write Back |
3,500 |
696 |
402.87% |
| Operating Profit |
29,139 |
25,829 |
12.82% |
| Net Profit |
20,770 |
16,880 |
23.05% |
| Capital Adequacy Ratio |
23.41% |
18.18% |
- |
| NPL |
1.83% |
1.61% |
13.66% |
| Cost of Fund |
8.75% |
5.50% |
|
| CD Ratio (as per NRB) |
213.40% |
219.00% |
- |
| EPS (Annualized) |
55.39 |
45.01 |
23.05% |
| PE Ratio |
31.09 |
|
|
| Networth Per Share |
264.47 |
|
|
