Kisan Microfinance Bittiya Sanstha Limited (KMFL) has shown gigantic fall in net profit by 83.79 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 19.64 lakh in the Q2 of current fiscal year 2074/75, down from Rs 1.21 crore in the corresponding period of the previous fiscal year 2073/74.
Its net interest income has also fallen from Rs 2.87 crore in corresponding quarter to Rs 2.36 crore in the second quarter.
Its paid up capital remains at Rs 4 crore with reserve of Rs 2.38 crore in Q2. Its paid up capital remains at Rs 4.80 crore (as listed in NEPSE) which will reach to Rs 7.2 crore after adjustment of 50% right shares.
The company has borrowings of Rs 70.94 crore in the second quarter, up from Rs 45.65 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 85.53 crore in Q2 whereas in the same period last year the figure stood at Rs 56.76 crore.
Its non-performing loan (NPL) has increased to 2.31 % in Q2 from 0.88% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 9.82, net worth per share at Rs 159.68 and the P/E ratio at 506.75 times.
Major Highlights:
| Particulars (In Rs '000) |
KMFL |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
40,000 |
20,000 |
100.00% |
| Reserve & Surplus |
23,872 |
18,677 |
27.81% |
| Deposits |
204,203 |
118,066 |
72.96% |
| Borrowings |
709,424 |
456,543 |
55.39% |
| Loans & Advances |
855,394 |
567,629 |
50.70% |
| Net Interest Income |
23,652 |
28,796 |
-17.86% |
| Provision for possible losses |
2,969 |
1,563 |
89.96% |
| Operating Profit |
1,874 |
12,116 |
-84.53% |
| Net Profit |
1,964 |
12,116 |
-83.79% |
| NPL (%) |
2.31 |
0.88 |
162.50% |
| Annualized EPS (In Rs.) |
9.82 |
121.16 |
-91.90% |
| Net Worth per Share (In Rs.) |
159.68 |
193.39 |
-17.43% |
| P/E Ratio (In times) |
506.75 |
|
|
Samata Microfinance Bittiya Sanstha Limited (SMATA) has also posted diminish in net profit by 66.79 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 diminish to Rs 40.47 lakh in the Q2 of current fiscal year 2074/75, down from Rs 1.22 crore in the corresponding period of the previous fiscal year 2073/74.
Its net interest income has increased from Rs 1.71 crore in corresponding quarter to Rs 1.73 crore in the second quarter.
Its paid up capital remains at Rs 3.79 (including 20% bonus shares from the net profit of FY 2074/75) crore with reserve of Rs1.42 crore in Q2.
The company has borrowings of Rs 29.98 crore in the second quarter, up from Rs 20.18 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 50.66 crore in Q2 whereas in the same period last year the figure stood at Rs 31.52 crore.
Its non-performing loan (NPL) has increased to1.32% in Q2 from 0.66% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 21.34, net worth per share at Rs 137.66 and the P/E ratio at 26.33 times.
Major Highlights:
| Particulars (In Rs '000) |
SMATA |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
37,920 |
22,120 |
71.43% |
| Reserve & Surplus |
14,279 |
19,750 |
-27.70% |
| Deposits |
185,785 |
96,199 |
93.13% |
| Borrowings |
299,819 |
201,839 |
48.54% |
| Loans & Advances |
506,641 |
315,208 |
60.73% |
| Net Interest Income |
17,323 |
17,170 |
0.89% |
| Provision for possible losses |
4,272 |
1,661 |
157.19% |
| Operating Profit |
2,679 |
11,868 |
-77.43% |
| Net Profit |
4,047 |
12,248 |
-66.96% |
| NPL (%) |
1.32 |
0.66 |
100.00% |
| Annualized EPS (In Rs.) |
21.34 |
110.74 |
-80.73% |
| Net Worth per Share (In Rs.) |
137.66 |
189.29 |
-27.28% |
| P/E Ratio (In times) |
26.33 |
|
|
.png)
