Rural Microfinance reports significant growth in net profit by 26.14%; Net worth stands at Rs 286.73
Fri, Apr 27, 2018 4:46 AM on Financial Analysis, Latest, Stock Market,
RMDC has published unaudited financial report for the third quarter today. It has stated that net profit has Significantly increased to Rs 18.07 crore in third quarter of fiscal year 2074/75 from Rs 14.32 crore reported in the corresponding quarter of the previous fiscal year 2073/74 with improved Earning per Share (EPS) at Rs 33.15.
The Micro finance has increased borrowings of Rs 5.31 arab. Likewise, it extended loans of Rs 6.40 arba from Rs 5.70 arba. It has paid up capital of Rs 72.67 crore with slightly rise in reserve at Rs 1.36 arba in Q3.
RMDC’s net interest income has immensely increased from Rs 23.58 crore in the corresponding quarter last year to Rs 29.02 crore in the third quarter of fiscal year 2074/75. Its operating profit has risen to Rs 28.39 crore in Q3, from Rs 22.51 crore in corresponding quarter.
Currently, Net worth per share stands at Rs 286.73 and P/E ratio at 18.22 times.
|
Particulars (In Rs '000) |
RMDC |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
726,726 |
692,120 |
5.00% |
|
Reserve & Surplus |
1,356,984 |
1,247,279 |
8.80% |
|
Borrowings |
5,312,122 |
5,022,771 |
5.76% |
|
Loans & Advances |
6,407,724 |
5,709,889 |
12.22% |
|
Net Interest Income |
290,242 |
235,771 |
23.10% |
|
Provision for possible losses |
6,504 |
9,666 |
-32.72% |
|
Operating Profit/(Loss) |
283,860 |
225,089 |
26.11% |
|
Net Profit |
180,678 |
143,235 |
26.14% |
|
Annualized EPS (In Rs.) |
33.15 |
27.59 |
20.13% |
|
Net Worth per Share (In Rs.) |
286.73 |
- |
|
|
P/E Ratio (In times) |
18.22 |
- |
|
