Kisan Microfinance Bittiya Sanstha Limited (KMFL) has posted massive fall in net profit of 83.79% in the second quarter of fiscal year 2074/75.
As per the report published, the microfinance has stated fall in net profit to 19.64 lakh from 1.21 crore in the second quarter of last year.
During the period, KMFL has collected a deposit of 20.42 crore & borrowing of 70.94 crore. It has expanded in loan & advances of 85.55 crore in this quarter.
Its net interest decreased by 17.68% to 2.36 crore from 2.87 crore in the Q2 of last year. Likewise operating profit is massively fall by 84.53% to 18.74 lakh. In the Q2 last year KMFL had earned 1.21 crore.
There is huge increment in provision for possible losses by 89.69% to 29.69 lakh.
Its paid up capital is 4 crore with reserves of 2.38 crore.
Its non performing loan (NPL) rose to 2.31% from 0.88% in the Q2 of last year. Credit to deposit (CCD) ratio stands at 87.61% & cost of fund is 10%.
Annualized earning per share is Rs. 4.91 & net worth per share is Rs. 159.68.
PE ratio stands at 506.75 times.
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