RMDC reports significant rise in profit in the fourth quarter; EPS and net worth per share stand at Rs 35.41 and Rs 297.08 respectively
Fri, Aug 3, 2018 2:32 AM on Financial Analysis, Latest, Stock Market,
Rural Microfinance Development Centre (RMDC) has published unaudited financial report for the fourth quarter today. It has stated that net profit has significantly increased to Rs 25.73 crore in fourth quarter of fiscal year 2074/75 from Rs 21.12 crore reported in the corresponding quarter of the previous fiscal year 2073/74 with improved Earning per Share (EPS) at Rs 35.41.
The microfinance has increased borrowings of Rs 5.61 arba. Likewise, it extended loans of Rs 6.80 arba from Rs 5.75 arba. It has paid up capital of Rs 72.67 crore with significant rise in reserve at Rs 1.43 arba in Q4.
RMDC’s net interest income has increased from Rs 34.05 crore in the corresponding quarter last year to Rs 40.59 crore in the fourth quarter of fiscal year 2074/75. Its operating profit has risen to Rs 40.37 crore in Q4, from Rs 33 crore in corresponding quarter.
Currently, Net worth per share stands at Rs 297.08 and P/E ratio at 16.78 times.
Major Highlights:
|
Particulars (In Rs '000) |
RMDC |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
726,726 |
726,726 |
0.00% |
|
Reserve & Surplus |
1,432,205 |
1,174,527 |
21.94% |
|
Deposits |
- |
- |
- |
|
Borrowings |
5,619,795 |
4,994,763 |
12.51% |
|
Loans & Advances |
6,840,836 |
5,757,357 |
18.82% |
|
Net Interest Income |
405,996 |
340,500 |
19.24% |
|
Provision for possible losses |
10,835 |
10,141 |
6.84% |
|
Operating Profit |
403,751 |
330,047 |
22.33% |
|
Net Profit |
257,314 |
211,226 |
21.82% |
|
NPL (%) |
0 |
0 |
- |
|
Annualized EPS (In Rs.) |
35.41 |
29.07 |
21.82% |
|
Net Worth per Share (In Rs.) |
297.08 |
261.62 |
13.55% |
|
P/E Ratio (In times) |
16.78 |
- |
|
