Kisan Microfinance’s EPS shrinks to Rs 21.11 in the third quarter; Net profit stands at Rs 63.32 lakh

Wed, May 16, 2018 9:08 AM on Financial Analysis, Latest, Stock Market,
Kisan Micr...

Kisan Microfinance Bittiya Sanstha Limited (KMFL) has shown gigantic fall in net profit by 50.95 percent in the third quarter (Q3) of the current fiscal year 2074/75.

Publishing the unaudited financial report for the third quarter today, the microfinance company stated that its net profit falls to Rs 63.32 lakh in the Q3 of current fiscal year 2074/75, down from Rs 1.29 crore in the corresponding period of the previous fiscal year 2073/74.

Its net interest income has also fallen from Rs 4.38 crore in corresponding quarter to Rs 3.64 crore in the third quarter.

Its paid up capital remains at Rs 4 crore with reserve of Rs 4.08 crore in Q3. 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 76.38 crore in the third quarter, up from Rs 50.54 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 97.02 crore in Q3 whereas in the same period last year the figure stood at Rs 62.60 crore.

Its non-performing loan (NPL) has increased to 2.48% in Q3 from 3.22% in the previous year report.

Its annualized earning per share (EPS) stands at Rs 21.11 and net worth per share at Rs 202.17.

Major Highlights:

Particulars (In Rs '000)

KMFL

Q3 2074/75

Q3 2073/74

Difference

Paid Up Capital

40,000

32,200

24.22%

Reserve & Surplus

40,867

26,766

52.68%

Deposits

233,676

133,715

74.76%

Borrowings

763,856

505,431

51.13%

Loans & Advances

970,233

626,055

54.98%

Net Interest Income

36,409

43,842

-16.96%

Provision for possible losses

6,024

2,811

114.29%

Operating Profit

7,813

20,288

-61.49%

Net Profit

6,332

12,911

-50.95%

NPL (%)

2.48

3.22

-22.98%

Annualized EPS (In Rs.)

21.11

53.46

-60.52%

Net Worth per Share (In Rs.)

202.17

183.12

10.40%

P/E Ratio (In times)

46.34

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