RMDC Laghubitta's business remains stagnant; reports decline in Net Profit and NPL remains ZERO in Q1

Wed, Nov 4, 2020 7:50 AM on Company Analysis, Latest,

RMDC Laghubitta Bittiya Sanstha (RMDC) has published its first-quarter report of FY 2077/2078 with a decrease in Net Profit. As per the report published by the company, the net profit decreased to Rs. 6.05 crores as compared to Rs. 7.35 crores in the corresponding quarter of the previous year.

The borrowings of the company decreased by 7.83% to Rs. 6.96 Arba which was Rs. 7.55 Arba in the corresponding quarter of the previous year. The company’s loans and advances increased by a meager 1.88% to Rs. 8.27 Arba in this quarter.

The net interest income (core revenue) has decreased by 14.12% to Rs. 10.18 crores compared to Rs. 11.85 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. 1.58 Arba which is a decrease of 6.23%.

Its annualized earnings per share (EPS) stands at Rs. 23.43. The new wroth per share increased to Rs. 253. The company traded at a P/E multiple of 36.53 times.

Click here for Q1 report

Financial Highlights:

Particulars

RMDC Laghubitta Bittiya Sanstha Limited

Q1, 2077/2078

Q1, 2076/2077

Difference

Paid-Up Capital

1,034,221.94

799,398.60

29.38%

Reserve & Surplus

1,582,373.12

1,687,502.07

-6.23%

Deposits

-

-

-

Borrowings

6,967,170.77

7,558,751.04

-7.83%

Loans and Advances

8,270,553.48

8,117,806.84

1.88%

Net Interest Income

101,831.15

118,576.93

-14.12%

Provision for possible losses

1,067.05

0.00

-

Operating Profit

96,163.98

115,636.68

-16.84%

Net Profit

60,583.31

73,507.19

-17.58%

Capital Adequacy Ratio (%)

26.24%

25.16%

-

NPL (%)

0.00%

0

-

Cost of Fund (%)

5.59%

9.37%

-

Annualized EPS (In Rs.)

23.43

36.78

-36.30%

Net Worth per share (In Rs.)

253.00

311.10

-18.67%

Price to earnings (times)

36.53

-

-