Kalika Laghubitta Bittiya Sanstha Limited (KMCDB) has reported a net profit of Rs. 2.90 crore in the first quarter of FY 2082/83, reflecting a 19.63% growth compared to Rs. 2.42 crore earned in the corresponding period of the previous fiscal year. The growth in profit was largely supported by a notable rise in net interest income.

The company’s net interest income surged by 31.23% to Rs. 10.87 crore from Rs. 8.29 crore in the same quarter last year. Loans and advances stood at Rs. 4.88 arba, up slightly by 0.71%, while customer deposits increased by 1.40% to Rs. 1.66 arba. Borrowings, however, fell by 7.16% to Rs. 2.59 arba.

Operating profit rose by 19.45% to Rs. 2.90 crore, while impairment charges more than doubled to Rs. 1.19 crore. Retained earnings increased by 14.99% to Rs. 7.36 crore, and total reserves climbed by 3.83% to Rs. 29.94 crore.

Kalika Laghubitta’s capital adequacy ratio stood at 12.35%, slightly down from 12.95% last year. Non-performing loans (NPL) rose to 6.40% from 4.24%, while the cost of funds decreased to 6.96% from 8.23%. Earnings per share (EPS) improved to Rs. 28.51 from Rs. 23.83, and net worth per share increased to Rs. 191.51. The company’s quarter-end market price stood at Rs. 1,015, with a price-to-earnings (P/E) ratio of 35.60 times.