Rural Microfinance Development Center Limited (RMDC), wholesale lending organization has reported a growth in net profit by 44.88 percent in its first quarter (Q1) of the FY 2074/75.
As per the published unaudited financial report for the first quarter, it stated that its net profit rose to Rs 5.77 crore, up from 3.98 crore of previous fiscal year 2073/74.
Its net interest income has increased from Rs 7.25 crore in corresponding quarters to Rs 9.46 crore in the current quarter.
Rural Microfinance Development Centre has paid up capital of Rs 72.67 crore (including 5% bonus from the net profit of FY 2073/74). The microfinance company’s reserve and surplus surges to Rs 1.23 arba.
The microfinance has borrowing and loans of Rs 5.28 arba and Rs 6.00 arba resectively in Q1.
RMDC’s annualized earning per share (EPS) has risen to Rs 31.80 in Q1 from Rs 23.04 in the corresponding quarter. Its net worth per share with growth of 1.80 percent is at Rs 270.06 and the P/E ratio at 20.81 times.
Major Highlights:
| Particulars (In Rs '000) |
RMDC |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
726,726 |
692,120 |
5.00% |
| Reserve & Surplus |
1,235,876 |
1,144,014 |
8.03% |
| Deposits |
- |
- |
#DIV/0! |
| Borrowings |
5,282,616 |
4,947,476 |
6.77% |
| Loans & Advances |
6,004,552 |
5,100,678 |
17.72% |
| Net Interest Income |
94,631 |
72,579 |
30.38% |
| Provision for possible losses |
2,471 |
3,676 |
-32.78% |
| Operating Profit |
90,777 |
62,656 |
44.88% |
| Net Profit |
57,767 |
39,872 |
44.88% |
| NPL (%) |
0 |
0.01 |
-100.00% |
| Annualized EPS (In Rs.) |
31.80 |
23.04 |
37.98% |
| Net Worth per Share (In Rs.) |
270.06 |
265.29 |
1.80% |
| P/E Ratio (In times) |
20.81 |
- |
- |
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