Kalika Microcredit records a Net profit growth of decent 16.26% ; EPS at Rs 25.99
The newly licensed National level microfinance company, Kalika Micro-credit has published the final quarter report for the fy 2074/75.
As per the report, the microfinance company has earned a net profit of Rs 2.59 crores up from Rs 2.23 crores last year. This shows a decent growth of 16.26% . The rise in Net profit was largely contributed by the surge in the Net Interest Income. The Net interest Income of the company surged by 30.78%. The company's other operating expense decreased from Rs 4.93 crores last year to Rs 3.20 crores this year.
A significant increase of 59.89% was noticed in the staff expense where it escalated to Rs 4.60 crores. The company has provisioned Rs 1.73 crores for possible losses whereas a writeback of Rs 67.19 lakh was done.
Kalika Microcredit currently has a paid up capital of Rs 10 crores with a reserve of Rs 5.73 crores. The company has borrowed Rs 58.94 crores in the fiscal year, up from Rs 38.49 crores in the last year. In terms of lending, a growth of 56.77% was recorded as the company has lent Rs 1.20 arba this year.
Major Indicators :
Earning per shares (EPS) : Rs 25.99
Price to earning ratio (P/E Ratio) : 51.60 times
Networth per Share : Rs 157.31
Capital Adequacy Ratio (CAR) : 12.96%
P/B Ratio : 8.50 times
NPL : 1.64 %
- Decent groth in Net profit
- Significant Increase in Net Interest Income
- Huge Reserves
- Timely meeting of Capital requirement
- Significant increase in staff expense
- Tight CAR
- Slight Increase in Non-performing loan
(Disclaimer : The published report is just unaudited 4th quarter report, the final audited balance-sheet may vary. Thus, investors are suggested to make their investment decisions based on their risk bearing capacity. )