Decline in Business Revenue leads to 72.58% Fall in Net Profit of Kalika Laghubitta in Q1
Tue, Nov 8, 2022 10:39 AM on Financial Analysis, Latest,
Kalika Laghubitta Bittiya Sanstha Limited (KMCDB) published the first-quarter report of FY 2079/2080 with a fall of 72.58% in Net Profit. As per the report published by the company, the net profit decreased to Rs. 1.31 crore as compared to Rs. 4.80 crore in the corresponding quarter of the previous year.
The borrowings of the company increased by 29.86% to Rs. 1.99 Arba which was Rs. 1.54 Arba in the corresponding quarter of the previous year. The deposits of the company increased by 15.03% to Rs 1.44 arba. The company’s loans and advances have also increased by 16.650% to 3.94 Arba in this quarter.
The net interest income (core revenue) has decreased by 6.81% to Rs. 7.11 crores compared to Rs. 7.63 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 31.28 crores in this quarter and its reserve and surplus stood at Rs. 24.04 crores which is an increase of 24.33% in this quarter.
The company NPL declined to 3.37% from 4.32%.
Its annualized earnings per share (EPS) stand at Rs. 16.83. The net worth per share is Rs. 176.85. The company traded at a P/E multiple of 55.84 times.
Major Highlights:
| Particulars (In Rs '000) | Kalika Laghubitta | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 312,875.00 | 277,563.00 | 12.72% |
| Reserve & Surplus | 240,458.00 | 193,402.00 | 24.33% |
| Borrowings | 1,999,938.00 | 1,540,079.00 | 29.86% |
| Deposits | 1,448,314.00 | 1,259,080.00 | 15.03% |
| Loans & Advances | 3,945,261.00 | 3,382,185.00 | 16.65% |
| Net Interest Income | 71,154.00 | 76,357.00 | -6.81% |
| Staff Expenses | 47,672.00 | 41,734.00 | 14.23% |
| Provision for possible losses | 19,489.00 | 19,985.00 | - |
| Operating Profit | 8,431.00 | 25,928.00 | - |
| Write Back | 12,469.00 | 50,289.00 | - |
| Net Profit | 13,167.00 | 48,017.00 | -72.58% |
| Capital Adequacy (%) | 13.29 | 12.82 | 3.67% |
| NPL (%) | 3.37 | 4.32 | - |
| Cost of Fund (%) | 9.76 | 6.78 | 43.95% |
| Annualized EPS (In Rs.) | 16.83 | 69.20 | -75.67% |
| Net Worth per Share (In Rs.) | 176.85 | 169.68 | 4.23% |
| Qtr end PE Ratio (times) | 55.84 | - | - |
| Qtr End Market Price | 940 | - | - |
