RSDC posted impressive 121.83% profit growth in Q2; earns Rs 2.84 cr to maintain its EPS at Rs 8.99

Mon, Feb 4, 2019 7:54 AM on Financial Analysis, Latest, Stock Market,
RSDC poste...

RSDC Laghubitta Bikas Bank Limited (RSDC) has reported net profit increment by 121.83% as compared to corresponding quarter’s report. Its net profit now amounts to Rs 2.84 crore.

As of Q2, RSDC Laghubitta’s borrowings stand at Rs 1.64 arba. It has floated loans of Rs 1.91 arba. Likewise the microfinance company has been able to increase its net interest income to Rs 5.56 crore in the mentioned period from Rs 2.55 crore in corresponding quarter.

Its Non-Performing Loan (NPL) stand at 0.40% in Q2. RSDC’s annualized EPS stand at Rs 8.99.

Its paid up capital now stands at Rs 63.35 crore with net worth of Rs 121.08 per share. The company’s reserve and surplus has increased to Rs 13.35 crore in Q2 from Rs 0.85 crore in the corresponding quarter.

RSDC last trading price in NEPSE is Rs 385 and its PE is 43.82 times.

Click Here for Q2 report:

Major Highlights:

Particulars (In Rs '000)

RSDC Labhubitta Bittiya Sanstha

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

633,512

340,379

86.12%

Reserve & Surplus

133,527

8,514

1468.32%

Borrowings

1,640,526

1,060,448

54.70%

Loans & Advances

1,910,651

1,248,951

52.98%

Net Interest Income

55,674

25,598

117.49%

Provision for possible losses

10,107

3,742

170.09%

Operating Profit

42,521

20,149

111.03%

Net Profit

28,479

12,838

121.83%

Capital Adequacy (%)

38.26

28.72

33.22%

NPL (%)

0.4

0.04

900.00%

Annualized EPS (In Rs.)

8.99

7.54

19.19%

Net Worth per Share (In Rs.)

121.08

102.50

18.12%

PE Ratio (times)

43.82

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