Kisan Microfinance’s net profit declined by 15.17% – NPL at 0.93%

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kisan microfinance

Kisan Microfinance Bittiya Sanstha Limited has posted decline in net profit by 15.17 percent in the fourth quarter of this fiscal year 2074/75.

As per the published report, the microfinance has reported declined in net profit to Rs.1.21 crore in this Q4 from Rs.1.43 crore in the corresponding quarter of last fiscal year 2073/74.

It has borrowing of Rs.77.49 crore & deposit collection of Rs.25.90 crore & floated in loan & advances of Rs.1.02 arba. Deposit collection & loan expansion increased by 71.65% & 66.31% respectively.

Its net interest income dropped to Rs.5.42 crore from Rs.5.80 crore in the last corresponding quarter. Operating profit declined by 44.75% to Rs.1.33 crore from Rs.2.72 crore in the last year.

Its paid up capital is Rs.6.24 crore with reserves of Rs.2.60 crore. Paid up capital increased by 94% during the comparing period.

Its non performing loan (NPL) stands at 0.93 percent from 0.95 percent from the last year.

Annualized earning per share is Rs.19.50 & net worth per share is Rs.141.68. PE ratio stands at 82.62 times.