RSDC Laghubitta publishes its Q3 report; Net profit rises by 47.33% and EPS stands at RS 8.54
Thu, May 3, 2018 1:58 AM on Financial Analysis, Latest, Stock Market,
RSDC Laghubitta Bikas Bank Limited (RSDC) has reported net profit increment by 47.33% as compared to corresponding quarter’s report. Its net profit now amounts to Rs 2.30 crore.
As of Q3, RSDC Laghubitta’s borrowings stands at Rs 1.18 arba. Out of this, it has floated loans of Rs 1.49 arba. Likewise the microfinance company has been able to increase its net interest income to Rs 4.59 crore in Q3 from Rs 2.74 crore in corresponding quarter.
Its non-performing loan (NPL) stand at 0.09% in Q3. RSDC’s EPS stand at Rs 8.54.
Its paid up capital now stands at Rs 35.99 crore with net worth of Rs 132.41 per share. The company’s reserve and surplus has increased to Rs 11.64 crore in Q3 from Rs 2.49 crore in the corresponding quarter. The reserrve of the microfinance has hiked by a massive 367.98% which has occured due to the premium amount received from the shares sold in auction.
RSDC is set to issue 60% right shares for its shareholders. The right issuance was rated 4 by ICRA Nepal indicating below average fundamentals.
Major Highlights:
|
Particulars (In Rs '000) |
RSDC |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
359,950 |
115,000 |
213.00% |
|
Reserve & Surplus |
116,643 |
24,925 |
367.98% |
|
Deposits |
- |
- |
- |
|
Borrowings |
1,187,774 |
794,499 |
49.50% |
|
Loans & Advances |
1,469,508 |
876,566 |
67.64% |
|
Net Interest Income |
45,918 |
27,465 |
67.19% |
|
Provision for possible losses |
6,302 |
1,678 |
275.57% |
|
Operating Profit |
36,223 |
22,204 |
63.14% |
|
Net Profit |
23,067 |
15,657 |
47.33% |
|
NPL (%) |
0.09 |
- |
- |
|
Annualized EPS (In Rs.) |
8.54 |
18.15 |
-52.93% |
|
Net Worth per Share (In Rs.) |
132.41 |
121.67 |
8.82% |
|
P/E Ratio (In times) |
85.43 |
- |
- |
