RSDC registers massive 129% rise in net profit; EPS fall to Rs 8.22 due to capital increment

Wed, Nov 14, 2018 11:56 AM on Financial Analysis, Latest, Stock Market,

RSDC Laghubitta Bikas Bank Limited (RSDC) has reported net profit increment by 129.13% as compared to corresponding quarter’s report. Its net profit now amounts to Rs 1.30 crore.

As of Q1, RSDC Laghubitta’s borrowings stand at Rs 1.28 arba. Out of this, it has floated loans of Rs 1.73 arba. Likewise the microfinance company has been able to increase its net interest income to Rs 2.56 crore in Q1 from Rs 1.12 crore in corresponding quarter.

Its Non-Performing Loan (NPL) stand at 0.48% in Q1. RSDC’s annualized EPS stand at Rs 8.22.

Its paid up capital now stands at Rs 63.35 crore with net worth of Rs 118.66 per share. The company’s reserve and surplus has increased to Rs 11.82 crore in Q1 from Rs 3.83 crore in the corresponding quarter.

Major Highlights:

Particulars (In Rs '000)

RSDC

Q1 2075/76

Q1 2074/75

Difference

Paid Up Capital

633,512

115,000

450.88%

Reserve & Surplus

118,209

38,336

208.35%

Deposits

-

-

-

Borrowings

1,281,514

1,098,560

16.65%

Loans & Advances

1,738,237

1,173,250

48.16%

Net Interest Income

25,655

11,248

128.08%

Provision for possible losses

4,704

2,860

64.47%

Operating Profit

20,230

8,908

127.10%

Net Profit

13,026

5,685

129.13%

NPL (%)

0.48

0

-

Annualized EPS (In Rs.)

8.22

19.77

-58.41%

Net Worth per Share (In Rs.)

118.66

133.34

-11.01%

P/E Ratio (In times)

53.86

-