Rise in Core Business Income Results an Outstanding 48.45% Rise in Net Profit of RSDC Laghubitta in Q4
Tue, Jul 19, 2022 12:32 PM on Financial Analysis, Latest,
RSDC Laghubitta Bittiya Sastha Limited (RSDC) has published its fourth-quarter report for the FY 2078/2079 with an impressive increment in Net Profit by 48.45%. RSDC's net profit has increased from Rs. 9.10 Crore in the fourth quarter of FY 2077/2078 to Rs. 13.52 Crore in the fourth quarter of FY 2078/2079.
In the same quarter, the bank has Rs 10.58 crores as distributable profit after PL Appropriation and Regulatory Adjustments. This amount can be used for distributing dividends.
The bank’s borrowings increased by a massive 51.14% to Rs. 4.64 arba whereas loans and advances to MFIs and Cooperative increased by 55.96% to Rs. 5.44 arba till the fourth quarter. RSDC's Net Interest Income (core business income) has increased by 46.36% to Rs. 23.82 crore compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 80.51 crore with Rs. 21.03 crore in Reserve and surplus. The Non-performing loan (NPL) declined to 0.49%.
The earnings per share (EPS) of the Bank stood at Rs. 16.79 and Net worth per share stood at Rs. 126.13. The company traded at a P/E multiple of 33.04 times.
Major Highlights:
| Particulars (In Rs '000") | RSDC Laghubitta | ||
|---|---|---|---|
| Q4 2078/79 | Q4 2077/78 | Difference | |
| Share Capital | 805,156 | 731,960 | 10.00% |
| Share Premium | 0 | 0 | |
| Retained Earnings | 115,369 | 86,160 | 33.90% |
| Reserves | 95,006 | 67,293 | 41.18% |
| Borrowings | 4,647,173 | 3,074,697 | 51.14% |
| Loans & Advances to MFIs and Cooperative | 5,449,850 | 3,494,408 | 55.96% |
| Net Interest Income | 238,234 | 162,768 | 46.36% |
| Other Operating Income | 264,776 | 186,118 | 42.26% |
| Impairment Charge/(Reversal) | 23,793 | 171,052 | -86.09% |
| Personnel Expenses | 37,159 | 28,058 | 32.44% |
| Operating Profit | 47,837 | 41,983 | 13.94% |
| Profit/(Loss) for the Year | 135,202 | 91,075 | 48.45% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 105,856 | ||
| Capital Adequacy Ratio (CAR) | 18.89 | 24.66 | -23.40% |
| NPL | 0.49 | 0.99 | -50.51% |
| CCD (as per NRB Directives) | 117.27 | 113.65 | 3.19% |
| Cost of Fund (%) | 11.46 | 5.74 | 99.65% |
| Interest Rate Spread (%) | 2.92 | 3.15 | -7.30% |
| Base Rate (%) | 12.61 | 7.16 | 76.12% |
| EPS (In Rs.) | 16.79 | 12.44 | 34.96% |
| Net Worth per Share (In Rs.) | 126.13 | 120.96 | 4.27% |
| Qtr End PE Ratio (times) | 33.04 | - | - |
| Qtr End Market Price | 554.8 | - | - |
