Kisan Microfinance reports a YoY 51% drop in Net Profit; Annualized EPS Rs 21.10

Kisan Microfinance has published the report for 3rd quarter of the fiscal year 2074/75.

The company has earned a net profit of Rs 63.32 lakh till the end of 3rd quarter. The net profit was Rs 1.29 crores in the corresponding quarter of the previous fiscal year. This accounts for a fall of 50.95%. Kisan now has an eps of Rs 21.10.

A growth is seen both in the interest income and interest expense of the company. The interest income, also the primary source of Income for BFIs, has amplified to Rs 10.46 crores, from Rs 7.46 crores. Interest expense too has grown by massivly to Rs 6.82 crores. As a result, the net interest income has slipped by nearly 16.96% to Rs 3.64 crores. 

Staff expense increased to Rs 3.43 crores. The operating expense also escalated slightly to Rs Rs 1.34 crores from Rs 1.19 crores.

Company’s operating profit has decreased by 61.49% to Rs 78.12 lakh. 

Deposit has surged to Rs 23.35 crores, up from 13.37 crores last year showing a growth of 74.76%. Company's lending has increased by 54.98% to Rs 97.02 crores.

Kisan Microfinance has a Paid-up Capital of Rs 4 crores and Reserve of Rs 4.08 crores   

Key Ratios:

EPS                : Rs 21.10
Networth        : Rs 202.17
Cost of Fund  : 10.58%
NPL                : 2.48%
P/E Ratio        : 86.21 times

P/B Ratio        :  5.44 times