Kalika Laghubitta Bittiya Sanstha Limited (KMCDB) has disclosed a net income of Rs. 2.90 crore in the initial quarter of FY 2082/83, marking a 19.63% increase compared to Rs. 2.42 crore reported in the equivalent timeframe of the previous fiscal year. This profit boost was primarily driven by a significant uptick in net interest revenues.
The organization’s net interest revenues soared by 31.23% to Rs. 10.87 crore from Rs. 8.29 crore in the corresponding quarter last year. Loans and advances reached Rs. 4.88 arba, showing a slight rise of 0.71%, while customer deposits grew by 1.40% to Rs. 1.66 arba. However, borrowings declined by 7.16% to Rs. 2.59 arba.
Operating profit increased by 19.45% to Rs. 2.90 crore, yet impairment charges more than doubled to Rs. 1.19 crore. Retained earnings rose by 14.99% to Rs. 7.36 crore, and total reserves advanced by 3.83% to Rs. 29.94 crore.
Kalika Laghubitta’s capital adequacy ratio was at 12.35%, a slight decrease from 12.95% last year. Non-performing loans (NPL) escalated to 6.40% from 4.24%, while the cost of funds reduced to 6.96% from 8.23%. Earnings per share (EPS) improved to Rs. 28.51 from Rs. 23.83, and net worth per share grew to Rs. 191.51. At the end of the quarter, the company’s market price was Rs. 1,015, with a price-to-earnings (P/E) ratio of 35.60 times.
