RMDC Laghubitta reports decline in profitability in Q2; Annualized EPS at Rs. 22.19
Tue, Jan 26, 2021 7:16 AM on Latest, Company Analysis,
RMDC Laghubitta Bittiya Sanstha Limited (RMDC) published the second-quarter report of FY 2077/2078 with a 21.49% decline in Net Profit. As per the report published by the company, the net profit declined to Rs. 11.47 crores as compared to Rs. 14.61 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 7.62% to Rs. 7.76 Arba which was Rs. 7.21 Arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 22.81% to 9.64 Arba in this quarter.
The net interest income (core revenue) has decreased by 13.78% to Rs. 20.12 crores compared to Rs. 23.33 crores in the corresponding quarter of the previous year.
The paid-up capital of the company increased to Rs. 1.03 Arba in this quarter and its reserve and surplus stood at Rs. 1.63 Arba which is an increase of 4.97% in this quarter.
Its annualized earnings per share (EPS) stands at Rs. 22.19. the net worth per share is Rs. 258.23. The company traded at a P/E multiple of 52.73 times.
Major Highlights:
|
Particulars |
RMDC Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
1,034,221.94 |
899,323.43 |
15.00% |
|
Reserve & Surplus |
1,636,438.40 |
1,558,898.24 |
4.97% |
|
Borrowings |
7,768,246.72 |
7,217,934.14 |
7.62% |
|
Deposits |
- |
- |
- |
|
Loans & Advances |
9,644,071.65 |
7,852,538.42 |
22.81% |
|
Net Interest Income |
201,204.40 |
233,362.43 |
-13.78% |
|
Provision for possible Losses |
17,077.47 |
0.00 |
- |
|
Write Back of Provision |
- |
3,663.37 |
- |
|
Net Profit |
114,747.93 |
146,166.27 |
-21.49% |
|
Capital Adequacy (%) |
23.63% |
25.72% |
- |
|
NPL (%) |
0.06% |
0.00% |
- |
|
Cost of fund (%) |
4.59% |
9.34% |
- |
|
EPS (Rs.) |
22.19 |
32.51 |
- |
|
Net worth per share (Rs.) |
258.23 |
273.34 |
- |
|
Qtr end PE ratio (Times) |
52.73 |
- |
- |
|
Qtr End Market Price |
1170 |
- |
- |
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