Kalika Laghubitta reported fall in net profit by 23% & operating profit by 87% in Q1

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Kalika Laghubitta Bittiya Sanstha has published its first quarter report of Fy2075/76. It has reported decreased in net profit by 23.48%.

As per the published report, the microfinance has reported decreased in net profit to Rs.12.42 lakh in this Q1 from the loss of Rs.16.23 lakh in the corresponding quarter of last fiscal year 2074/75.

It has deposit collection of Rs. 54.01 crore and borrowing of Rs.72.86 crore. It had extended in loan & advances of Rs. 1.33 arba.

Its net interest income increased to Rs 1.16 crore from Rs.34.17 lakh in the last corresponding quarter. It has operating profit of Rs.2.9 lakh from 16.23 crore in the last year. Operating profit decreased by 87.11%.

Increased in provision for possible losses & operating expanses lead to huge decrease in operating profit as result net profit too.

Its paid up capital is Rs.10 crore with reserves fund of Rs.5.85 crore.

Its non performing loan (NPL) stands at 1.75%.

Annualized earning per share is Rs.4.97, net worth per share is Rs.158.56 and PE ratio stands at 226.76 times.