Kisan Laghubitta (KLBSL) Records Improvement in Net Profits Despite Declining Core Business Revenue in Q4
Thu, Aug 10, 2023 9:02 AM on Latest, Financial Analysis,
Kisan Laghubitta Bittiya Sanstha Limited (KLBSL) has published its fourth-quarter report for the recently concluded financial year 2079-80 with an impressive increase in its Net Profit. As of the aforementioned period, the microfinance company has earned Rs. 1.36 crores as opposed to only Rs. 11.26 lakhs until the corresponding quarter of the previous fiscal year 2078-79.
The company has recorded a substantial decrease in its Net Interest Income by 29 percent while its Operating profits have bloomed by almost 1.5 times. As of the FY 2079-80’s end, the company has made Rs. 25.70 crores via core business revenue, while it has earned Rs. 1.94 crores in Operating profits.
Both the deposits from customers, as well as loan disbursement, have experienced a marginal decline of 2.87 and 6.12 percent, respectively, as of FY 2079-80.
The impairment allocation has decreased significantly by 79.73 percent, totaling only Rs. 2.47 crores as of the last quarter of FY 2079-80.
With an Increase in Net Profits, the Earnings per Share (EPS) ratio of the company has improved significantly to stand at Rs. 2.70, which is still low, alongside a reduced Net worth per Share of Rs. 126.42.
The Non-performing Loan (NPL) of the company has increased as of the recently wrapped financial year to stand at 5.95 percent.
KLBSL maintains Rs. 50.43 crores in paid-up capital and has Rs. 13.32 crores in the form of reserves and surplus.
As of Ashad 31, 2080, the financial institution has Rs. 2.31 crores available for distribution amongst its shareholders.
Major Financial Highlights:
| Particulars (In Rs '000) | Kisan Laghubitta Bittiya Sanstha | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 504,366.47 | 471,370.53 | 7.00% |
| Share Premium | - | - | - |
| Retained Earnings | 20,134.32 | 41,195.99 | -51.13% |
| Reserves | 113,135.82 | 119,803.30 | -5.57% |
| Deposits | 1,347,385.86 | 1,387,237.70 | -2.87% |
| Loans & Advances | 6,214,390.38 | 6,619,623.64 | -6.12% |
| Net Interest Income | 257,080.73 | 362,233.89 | -29.03% |
| Personnel Expenses | 218,876.04 | 219,682.05 | -0.37% |
| Impairment Charges | 24,739.47 | 122,066.99 | -79.73% |
| Operating Profit | 19,474.53 | 8,047.70 | 141.99% |
| Net Profit | 13,632.17 | 1,126.25 | - |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 23,155.34 | - | - |
| Capital Adequacy (%) | 9.94 | 9.45 | 5.19% |
| Non Performing Loan (NPL) (%) | 5.95 | 4.88 | 21.93% |
| Cost of Fund (%) | 12.33 | 9.23 | 33.59% |
| Base Rate (%) | 16.60 | 13.73 | 20.90% |
| EPS (In Rs.) | 2.70 | 0.24 | - |
| Net Worth per Share (In Rs.) | 126.42 | 134.16 | -5.76% |
| Qtr end PE Ratio (times) | 262.32 | - | - |
| Qtr End Market Price | 709 | - | - |
