RSDC Laghubitta Bittiya Sanstha Limited (RSDC) has registered a net profit growth of 29.32 % in the first quarter of the current FY 2074/75.
According to the unaudited report published by the microfinance today, its net profit has increased to Rs 56.5 lakh in first quarter, up from Rs 43.96 lakh in the corresponding quarter of the previous fiscal year.
Its current paid up capital stands at Rs 11.50 crore. RSDC had issued 200% right shares of worth Rs 23.00 crore to its shareholders from Ashwin 2 to Kartik 20, 2074. After 13% bonus from net profit of FY 2073/74 and 200% right share, its paid up capital will reach Rs 35.99 crore. Finally, it will issue 60% right share, after which paid up capital will reach Rs 57.60 crore. As per NRB’s directive for wholesale lending microfinance companies, RSDC should increase its paid up capital to a minimum of Rs 60 crore by the end of FY 2074/75.
The microfinance has borrowed 1.09 arba in Q1. Likewise, it has extended loans and advances of Rs. 1.17 arba in Q1 whereas in the same period last year, the figure stood at Rs 75.12 crore
RSDC’s annualized Earnings per Share (EPS) reached to Rs 19.77. Its net worth now stands at Rs 133.34 per share and P/E ratio at 64.73 times.
Major Highlights
| Particulars (In Rs '000) |
RSDC |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
115,000 |
100,000 |
15.00% |
| Reserve & Surplus |
38,336 |
28,762 |
33.29% |
| Deposits |
- |
- |
#DIV/0! |
| Borrowings |
1,098,560 |
679,711 |
61.62% |
| Loans & Advances |
1,173,250 |
751,246 |
56.17% |
| Net Interest Income |
11,248 |
8,405 |
33.83% |
| Provision for possible losses |
2,860 |
412 |
594.17% |
| Operating Profit |
8,908 |
6,908 |
28.95% |
| Net Profit |
5,685 |
4,396 |
29.32% |
| NPL (%) |
0 |
0.01 |
-100.00% |
| Annualized EPS (In Rs.) |
19.77 |
17.58 |
12.45% |
| Net Worth per Share (In Rs.) |
133.34 |
128.76 |
3.55% |
| P/E Ratio (In times) |
64.73 |
- |
- |
On the other hand, Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) has reported a nominal rise of 49.14 % in the net profit till the end of Q1 of FY 2074/75.
Its net profit surges to Rs 14.75 lakh from Rs 9.89 lakh in Q1.
Its deposit has increased by 73.79% to Rs 12.90 crore, while borrowings has increased by 44.60% to Rs 32.58 crore. In the same period, it has been able to increase its loans and advances by 49.59% to Rs 47.51 crore.
Its current paid up capital stands at Rs 5.73 crore with Rs 2.25 crore in reserve. From the net profit of FY 2073/74, it had announced 15% bonus shares, after which paid up will reach to Rs 6.58 crore.
Its EPS has rised to Rs 10.28 from Rs 7.81 last year. Its P/E ratio stands at 116.7 times with net worth of Rs 139.36 per share.
Major Highlights:
| Particulars (In Rs '000) |
MLBBL |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
57,372 |
50,669 |
13.23% |
| Reserve & Surplus |
22,583 |
18,934 |
19.27% |
| Deposits |
129,092 |
74,279 |
73.79% |
| Borrowings |
325,808 |
225,319 |
44.60% |
| Loans & Advances |
475,164 |
317,634 |
49.59% |
| Net Interest Income |
11,191 |
9,424 |
18.75% |
| Provision for possible losses |
1,881 |
2,180 |
-13.73% |
| Operating Profit |
2,242 |
1,542 |
45.45% |
| Net Profit |
1,475 |
989 |
49.14% |
| NPL (%) |
3.35 |
4.05 |
-17.28% |
| Annualized EPS (In Rs.) |
10.28 |
7.81 |
31.71% |
| Net Worth per Share (In Rs.) |
139.36 |
137.37 |
1.45% |
| P/E Ratio (In times) |
116.7 |
- |
- |
Nepal Seva Laghubitta Bittiya Sanstha Limited has stated a net profit of Rs 1.93 lakh in the first quarter of the current FY 2074/75.
Its current paid up capital stands at Rs 3.64 crore with Rs 12.07 lakh in reserve. It will be issuing IPO to the general public in upcoming days.
The microfinance has collected deposit of Rs 2.87 crore and floated loans of Rs 21.56 crore.
Its Non-Performing Loan (NPL) rises to 1.44% from 0.42% in Q1.
