RSDC Laghubitta Bittiya Sanstha First to Publish Q3 Report with Satisfactory 30.34% Rise in Net Profit; NPL Stand at 2.99%
Mon, Apr 15, 2024 9:57 AM on Financial Analysis, Stock Market, Latest,
RSDC Laghubitta Bittiya Sanstha (RSDC) has published its third-quarter report of FY 2080/2081 with a rise in Net Profit by 30.34%. As per the report published by the company, the net profit increased to Rs. 11.21 crore as compared to Rs. 8.60 crore in the corresponding quarter of the previous year.
In the third quarter, the company had Rs 8.61 crores as distributable profit after PL Appropriation and Regulatory Adjustments.
On the other hand, the borrowings of the company decreased by 4.61% to Rs. 5.65 Arba which was Rs. 5.93 Arba in the immediate previous year ending. The company’s loans and advances to co-operatives also decreased by 1.80% to Rs. 6.59 Arba in this quarter.
Likewise, the net interest income (core revenue) declined by 13.48% to Rs. 18.51 crore compared to Rs. 21.40 crore in the corresponding quarter of the previous year.
For the third quarter, the non-performing loan (NPL) of the company has also increased to 2.99% from 1.37%.
The paid-up capital of the company stood at Rs. 94.43 crores in this quarter and its reserve and surplus were at Rs. 23.31 crores.
Its annualized earnings per share (EPS) stands at Rs. 15.83. The net worth per share stood at Rs. 124.69. The company traded at a P/E multiple of 38.10 times.
Major Financial Highlights
| Particulars (In Rs '000") | RSDC Laghubitta | ||
| Q3 2080/81 | Q3 2079/80 | Difference | |
| Share Capital | 944,351 | 869,568 | 8.60% |
| Share Premium | 0 | 0 | |
| Retained Earnings | 112,707 | 68,446 | 64.67% |
| Reserves | 120,420 | 93,318 | 29.04% |
| Borrowings | 5,657,983 | 5,931,351 | -4.61% |
| Deposits from Customers | - | - | - |
| Loans & Advances to MFIs and Cooperatives | 6,597,898 | 6,719,142 | -1.80% |
| Net Interest Income | 185,194 | 214,044 | -13.48% |
| Impairment Charge/(Reversal) | -5,528 | 73,763 | -107.49% |
| Personnel Expenses | 33,823 | 29,036 | 16.49% |
| Operating Profit | 160,128 | 122,891 | 30.30% |
| Profit/(Loss) for the Year | 112,121 | 86,024 | 30.34% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 86,183 | ||
| Capital Adequacy Ratio (CAR) | 17.60 | 15.98 | 10.14% |
| NPL | 2.99 | 1.37 | |
| CD and Borrowing Ratio | 116.61 | 113.28 | 2.94% |
| Cost of Fund (%) | 10.16 | 12.78 | -20.50% |
| Interest Rate Spread (%) | 2.3 | 1.72 | 33.72% |
| EPS (In Rs.) | 15.83 | 13.19 | 20.02% |
| Net Worth per Share (In Rs.) | 124.69 | 118.60 | 5.13% |
| Qtr End PE Ratio (times) | 38.10 | - | - |
| Qtr End Market Price | 603.1 | - | - |
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