Kalika Laghubitta Publicizes Q4 Report With 64 Percent Decline in Net Profits, Bad Loan Rises to 4.13 Percent
Thu, Aug 10, 2023 8:21 AM on Financial Analysis, Latest,
Kalika Laghubitta Bittiya Sanstha Limited (KMCDB) has published its fourth-quarter report for the recently wrapped financial year 2079-80 with a significant decline in its Net profits by 64.01 percent. As of FY 2079-80’s end, the microfinance company has made only Rs. 4.62 crores as opposed to Rs. 12.84 crores up to the corresponding quarter of the previous financial year 2078-79.
The company has witnessed considerable losses in both its Net Interest Income and Operating Profits by 13.48 percent and 64.04 percent, respectively. As of FY 2079-80’s end, the company has made Rs. 25.50 crores in core business revenue, while accumulating Rs. 6.60 crores in Operating profits.
The deposits from customers have declined by 8.09 percent while loan disbursement as of FY 2079-80’s end has declined marginally by 2.12 percent.
The company has incurred Rs. 49.02 lakhs as of FY 079-80 in impairment charges. Meanwhile, its Non-performing loan (NPL) increased from 3.11 percent to stand at 4.13 percent at the end of the same period.
The company maintains Rs. 3.6 crores in profits available for distribution amongst its shareholders as of Ashad 31, 2080.
With a decline in Net profits, the Earnings per Share (EPS) of the company has been reduced to only Rs. 12.42, alongside a Net worth per Share of Rs. 149.07, which too has declined comparatively.
KMCDB maintains Rs. 37.23 crores in paid-up capital and Rs. 18.26 crores in the form of reserves and surplus (reserves + retained earnings).
Major Financial Highlights:
| Particulars (In Rs '000) | Kalika Laghubitta | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 372,321.74 | 312,875.41 | 19.00% |
| Share Premium | - | - | - |
| Retained Earnings | 69,509.66 | 134,966.10 | -48.50% |
| Reserves | 113,182.57 | 92,417.24 | 22.47% |
| Deposits | 1,349,870.94 | 1,468,719.97 | -8.09% |
| Loans & Advances | 3,700,359.97 | 3,780,386.50 | -2.12% |
| Net Interest Income | 255,055.36 | 294,796.25 | -13.48% |
| Personnel Expenses | 184,186.73 | 169,505.30 | 8.66% |
| Impairment charge/(reversal) for loans and other losses | 4,902.41 | - | - |
| Write Back | 38,918.13 | ||
| Operating Profit | 66,061.83 | 183,700.13 | -64.04% |
| Net Profit | 46,243.28 | 128,495.93 | -64.01% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 36,069.76 | - | - |
| Capital Adequacy (%) | 13.85 | 13.01 | 6.46% |
| Non Performing Loan (NPL) (%) | 4.13 | 3.11 | 32.80% |
| Cost of Fund (%) | 11.97 | 10.07 | 18.87% |
| Base Rate (%) | 18.33 | 15.58 | 17.65% |
| EPS (In Rs.) | 12.42 | 41.07 | -69.76% |
| Net Worth per Share (In Rs.) | 149.07 | 172.68 | -13.67% |
| Qtr end PE Ratio (times) | 59.26 | - | - |
| Qtr End Market Price | 736 | - | - |
