RSDC Laghubitta Posts 35.76% Profit Growth in Q4 FY 82/83 ; EPS Climbs to Rs. 13.37

RSDC Laghubitta Bittiya Sanstha Limited (RSDC) has published its unaudited financial report for the Fourth quarter of the fiscal year 2082/83, revealing a remarkable 35.76% growth in net profit. The company recorded a net profit of Rs. 13.82 crore in the quarter, compared to Rs. 10.18 crore in the same period last fiscal year.

The company’s net interest income decreased by 14.36% to Rs. 19.15 crore from Rs. 22.36 crore in the same quarter last year. Loans and advances stood at Rs. 4.24 Arba, a substantial decline of 32.33%, while borrowings also declined by 38.23% to Rs. 4.20 Arba. Its paid-up capital stood at Rs. 1.03 Arba. Likewise, reserves rose by 13.10% to Rs. 20.71 crore.

However, RSDC Laghubitta Bittiya Sanstha Limited's operating profit surged by 33.68% to Rs. 19.64 crore. Personnel expenses increased by 9.52%, amounting to Rs. 4.31 crore during the review period. Likewise, retained earnings increased by 36.82% to Rs. 11.41 crore.

The company reported a reversal of Rs. 5.58 crore on loans and advances during the review period. The company’s Earnings Per Share (EPS) for the period stood at Rs. 13.37, an increase from Rs. 9.85 recorded in Q4 2081/82. The net worth per share stood at Rs. 131.07. The company’s Price-to-Earnings (P/E) ratio at the end of the quarter was 48.61 times, based on a market price of Rs. 649.8 per share.

Report:

Particulars (In Rs '000) RSDC Laghubitta 
Q4 2082/83 Q4 2081/82 Difference
Paid Up Capital 1,034,064.42 1,034,064.42 0.00%
Share Premium 0.00 0.00  
Retained Earnings 114,119.03 83,408.78 36.82%
Reserves 207,136.04 183,152.11 13.10%
Borrowings 4,205,867.55 6,809,057.81 -38.23%
Loans & Advances to MFIs & Cooperatives 4,246,291.71 6,275,127.76 -32.33%
Net Interest Income 191,542.50 223,668.60 -14.36%
Personnel Expenses 43,105.14 39,358.50 9.52%
Impairment Charges 55,821.17 26,821.74 108.12%
Operating Profit 196,471.50 146,966.47 33.68%
Net Profit 138,238.25 101,823.26 35.76%
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments  114,119.03   -
Capital Adequacy (%) 27.72 18.47 50.08%
NPL (%) 3.92 3.34  
Cost of Fund (%) 4.87 6.17 -21.07%
Annualized EPS  (In Rs.) 13.37 9.85 35.76%
Net Worth per Share (In Rs.) 131.07 125.78 4.21%
Qtr end PE Ratio (times) 48.61 - -
Qtr End Market Price 649.8 - -