Wholesale microfinance RMDC profit enhanced by 16.29 %; Reserve increased to Rs 1.20 arba from 1 arba

ShareSansar, August 13:

Rural Microfinance Development Centre Limited (RMDC) has registered 16.29 percent growth in net profit for the fourth quarter of the last fiscal year 2071/72.

Publishing the unaudited financial report for the fourth quarter today, RMDC has stated that its  net profit rose to Rs 19.98 crore in the fourth quarter, up from Rs 17.18 crore in the corresponding quarter of the fiscal year 2070/71.

The microfinance has collected borrowings of Rs 3.90 arba in the 4th quarter compared to Rs 3.36 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 4.05 arba, up from Rs 2.90 arba.

Its net interest income has declined from Rs 27.22 crore in the corresponding quarter last year to Rs 25.71crore in the Q4 of FY 2071/72.

Its paid up capital stood at Rs 57.20 crore. The microfinance reserve and surplus increased to 1.20 arba in Q4 from 1 arba in the corresponding quarter of the last fiscal year.

Its EPS now stands at Rs 34.93, net worth per share at Rs 311.3 and PE ratio at 18.75  times.

Click Here For Announcement: Rural Microfinance Development Centre