RSDC Laghubitta publishes its Q4 report; Net Profit rises by 120.61% and EPS stands at RS 10.48

Wed, Aug 1, 2018 2:45 AM on Financial Analysis, Latest, Stock Market,

RSDC Laghubitta Bikas Bank Limited (RSDC) has reported net profit increment by 120.61% as compared to corresponding quarter’s report. Its net profit now amounts to Rs 3.77 crore.

As of Q4, RSDC Laghubitta’s borrowings stand at Rs 1.18 arba. Out of this, it has floated loans of Rs 1.50 arba. Likewise the microfinance company has been able to increase its net interest income to Rs 7.03 crore in Q4 from Rs 3.67 crore in corresponding quarter.

Its Non-Performing Loan (NPL) stand at 0.03% in Q4. RSDC’s EPS stand at Rs 10.48.

Its paid up capital now stands at Rs 35.99 crore with net worth of Rs 136.48 per share. The company’s reserve and surplus has increased to Rs 13.13 crore in Q4 from Rs 0.96 crore in the corresponding quarter.

RSDC is  issuing 5:3 right shares for its shareholders. After the adjustment of the rights shares, the insurance company’s total paid-up capital will reach Rs 57.59 crore.

Major Highlights:

Particulars (In Rs '000)

RSDC

Q4 2074/75

Q4 2073/74

Difference

Paid Up Capital

        359,950

      129,950

176.99%

Reserve & Surplus

        131,303

          9,558

1273.75%

Borrowings

    1,189,677

      769,811

54.54%

Loans & Advances

    1,509,268

      890,141

69.55%

Net Interest Income

          70,290

        36,732

91.36%

Provision for possible losses

            6,830

          1,839

271.40%

Operating Profit

          58,922

        26,890

119.12%

Net Profit

          37,727

        17,101

120.61%

NPL (%)

0.03

0.01

200.00%

Annualized EPS (In Rs.)

            10.48

          13.16

-20.35%

Net Worth per Share (In Rs.)

          136.48

-

-

P/E Ratio (In times)

52.95

-

-