RMDC Microfinance reports meager rise of 6% in net profit; EPS at Rs 25

Rural Microfinance Development Centre Limited (RMDC) has registered a net profit growth of 6.43% in the second quarter of the current FY 2073/74. According to the unaudited financial report published by the microfinance today, its net profit has increased to Rs 8.66 crore in second quarter, up from Rs 8.14 crore in the corresponding quarter of the previous fiscal year. RMDC’s net interest income has risen to Rs 14.70 crore in Q2 as compared to Rs 13.15 crore in the corresponding quarter of the last fiscal year. As of Q2, it has a paid up capital of Rs 69.21 crore with a reserve of Rs 1.19 arba. RMDC has borrowed Rs 4.95 arba till the end of second quarter of the ongoing fiscal year. Likewise, it has extended loans and advances of Rs. 5.33 arba in Q2 whereas in the same period last year, the figure stood at Rs 4.28 arba. RMDC’s annualized Earnings per Share (EPS) stands at Rs 25.04, net worth per share at Rs 272.04 and P/E ratio at 24 times. Its 18^th AGM conducted recently had approved 10% bonus share along with 10% cash dividend for the FY 2072/73.