RMDC Laghubitta's Q4 Highlights: Net Profit Doubled, Net Interest Income Rises by 49.59% and EPS Stands at Rs 28.60
Tue, Aug 2, 2022 10:01 AM on Financial Analysis, Latest,
RMDC Laghubitta Bittiya Sastha Limited (RMDC) has published its fourth-quarter report for the FY 2078/2079 with an outstanding rise in Net Profit of 99.48%. RMDC's net profit has increased from Rs. 17.79 crore in the fourth quarter of FY 2077/2078 to Rs. 35.49 crore in the fourth quarter of FY 2078/2079.
In the same quarter, the bank has Rs 44.55 crores as distributable profit after PL Appropriation and Regulatory Adjustments. This amount can be used for distributing dividends.
Microfinance borrowings decreased by 29.68% to Rs. 2.51 arba and Due to Bank and Financial Institutions decreased by 5.63% to Rs 8.50 arba whereas loans and advances to MFIs and Cooperative increased by a mere 0.26% to Rs. 11.68 arba till the fourth quarter.
RMDC's Net Interest Income- NII (core business income) has increased by 49.59% to Rs. 60.53 crore compared to the corresponding quarter of the previous year.
The Laghubitta company's paid-up capital stands at Rs. 1.24 Arba with Rs. 2.08 Arba in Reserve and surplus. The Non-performing loan (NPL) is 0.05%.
Similarly, the Cost of funds stands at 10.67% and Net Interest Spread is at 2.26%.
The earnings per share (EPS) stood at Rs. 28.60 and Net worth per share stood at Rs. 268.18. The company traded at a P/E multiple of 29.30 times.
Major Highlights:
| Particulars (In Rs '000") | RMDC Laghubitta | ||
|---|---|---|---|
| Q4 2078/79 | Q4 2077/78 | Difference | |
| Share Capital | 1,241,066 | 1,034,222 | 20.00% |
| Share premium | 0 | 0 | |
| Retained Earnings | 1,052,136 | 865,154 | 21.61% |
| Reserves | 1,035,092 | 1,125,721 | -8.05% |
| Borrowings | 251,503 | 357,646 | -29.68% |
| Due to Bank and Financial Institutions | 8,507,465 | 9,014,688 | -5.63% |
| Loans & Advances to MFIs and Cooperative | 11,689,771 | 11,658,963 | 0.26% |
| Net Interest Income | 605,343 | 404,656 | 49.59% |
| Impairment Charge/(Reversal) | 1,497 | 76,288 | -98.04% |
| Personnel Expenses | 95,213 | 71,304 | 33.53% |
| Operating Profit | 514,142 | 276,409 | 86.01% |
| Profit/(Loss) for the Year | 354,909 | 177,918 | 99.48% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 445,537 | ||
| Capital Adequacy Ratio (CAR) | 24.61 | 20.50 | 20.05% |
| NPL | 0.05 | 0.05 | 0.00% |
| CD and Borrowing Ratio | 135.25 | 126.1 | 7.26% |
| Cost of Fund (%) | 10.67 | 5.46 | 95.42% |
| Interest Rate Spread (%) | 2.26 | 2.18 | 3.67% |
| EPS (In Rs.) | 28.60 | 17.20 | 66.23% |
| Net Worth per Share (In Rs.) | 268.18 | 292.50 | -8.31% |
| Qtr End PE Ratio (times) | 29.30 | - | - |
| Qtr End Market Price | 838 | - | - |
