RMDC Laghubitta's net profit rises by 29.07% in Q4; EPS and PE stands at Rs 41.59 and 15.89 times
Tue, Jul 30, 2019 7:15 AM on Financial Analysis, Latest, Stock Market,
RMDC Laghubitta Bittiya Sanstha Limited, a wholesale microfinance company has published an unaudited financial report of the fourth quarter for the FY 2075/76. It has stated that net profit has increased by 29.07% to Rs 33.24 crore from Rs 25.75 crore reported in the corresponding quarter of the previous fiscal year 2074/75.
The microfinance has increased borrowings from Rs 5.61 arba to Rs 6.63 arba. Likewise, it extended loans of Rs 8.22 arba from Rs 6.84 arba till the Q4 of FY 2074/75. It has paid up capital of Rs 79.93 crore with reserve of Rs 1.61 arba till this quarter.
RMDC’s net interest income has increased from Rs 40.59 crore in the corresponding quarter of last year to Rs 48.31 crore. Its operating profit has increased to Rs 48.56 crore till Q4, from Rs 40.31 crore in the corresponding quarter.
Currently, EPS and Net worth per share stood at Rs 41.59 and Rs 302.08 respectively with P/E ratio at 15.89 times.
The capital adequacy ratio is at 24.68% which is very high compared to minimum requirement of 8% set by NRB.
Major Highlights:
|
Particulars (In Rs '000) |
RMDC Laghubitta |
||
|---|---|---|---|
|
Q4 2075/76 |
Q4 2074/75 |
Difference |
|
|
Paid Up Capital |
799,398.60 |
799,398.60 |
0.00% |
|
Reserve & Surplus |
1,615,453.14 |
1,285,150.56 |
25.70% |
|
Borrowings |
6,630,659.05 |
5,619,794.62 |
17.99% |
|
Deposits |
- |
- |
|
|
Loans & Advances |
8,221,946.54 |
6,840,836.32 |
20.19% |
|
Net Interest Income |
483,145.59 |
405,996.25 |
19.00% |
|
Staff Expenses |
30,570.85 |
28,791.53 |
6.18% |
|
Provision for possible losses |
13,811.10 |
10,834.79 |
- |
|
Operating Profit |
485,622.87 |
403,151.39 |
20.46% |
|
Net Profit |
332,484.06 |
257,593.12 |
29.07% |
|
Capital Adequacy (%) |
24.68 |
24.38 |
1.23% |
|
NPL (%) |
0.00 |
0.00 |
|
|
Cost of Fund (%) |
8.98 |
7.77 |
15.57% |
|
EPS (In Rs.) |
41.59 |
32.22 |
29.07% |
|
Net Worth per Share (In Rs.) |
302.08 |
260.76 |
15.85% |
|
PE Ratio (times) |
15.89 |
- |
- |
