Net profit increased by 36.42% driven by growth in interest income and operating profit.
Kalika Laghubitta Bittiya Sanstha Limited has published its unaudited financial statements for the fourth quarter of the last fiscal year. According to the report, the microfinance institution posted a net profit of Rs. 10.80 crore, marking a 36.42% increase compared to Rs. 7.92 crore during the same period in the previous fiscal year.
The rise in net profit was primarily due to a significant increase in net interest income and operating profit.
By the fourth quarter, Kalika Laghubitta’s net interest income grew by 50.29% to reach Rs. 38.10 crore, while operating income rose by 54.98% to Rs. 43.79 crore. Operating profit surged by 95.89% to Rs. 15.42 crore. Impairment charges slightly increased from Rs. 2 lakh to Rs. 3 lakh.
The institution’s non-performing loan (NPL) ratio increased by 0.88 percentage points to 4.67%.
During the review period, Kalika Laghubitta mobilized deposits and borrowings amounting to Rs. 4.44 billion and disbursed loans totaling Rs. 4.85 billion.
The company’s paid-up capital stands at Rs. 40.76 crore, with distributable profit of Rs. 6.19 crore and reserves amounting to Rs. 35.24 crore. Earnings per share (EPS) increased by Rs. 5.23 to Rs. 26.51, while net worth per share was recorded at Rs. 186.44.
Other key financial indicators include a price-to-earnings (P/E) ratio of 39.96 times, capital adequacy ratio of 11.08%, cost of funds at 6.49%, base rate at 13.01%, and an interest rate spread of 8.51%.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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