RMDC Lagubitta Reports 51.70% Surge In Profit in Q3 of FY 78/79
Thu, Apr 28, 2022 12:11 PM on Latest, Financial Analysis, Stock Market,
RMDC Laghubitta Bittiya Sanstha Limited has reported in its interim financial statement, a rise in net profit by 51.70% in the third quarter of the fiscal year, 2078/2079. Microfinance has earned Rs. 26.5 Crores up from Rs. 17.5 Crore in the relevant quarter. The surge in profit is mainly due to an increase in net interest income, which has increased by 45.05%.
The net interest income (core revenue) is Rs. 44.7 crores in this quarter as compared to Rs. 30.8 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood to Rs. 1.24 Arba in this quarter and its reserves and surplus stood at Rs. 2.96 Arba which is an increase of 3.73%
Major Financial Indicators;
Capital Adequacy Ratio: 23.44%
NPL: 0.06%
CCD: 133.11%
Cost of funds: 9.23%
EPS: Rs. 28.57
P/E Ratio: 36.47 times
Financial Highlights-Q3 FY 78/79
| Particulars (In Rs '000") | RMDC Lagubitta Bitiya Sanstha | ||
|---|---|---|---|
| Q3 2078/79 | Q3 2077/78 | Difference | |
| Share Capital | 1,241,066 | 1,034,222 | 20.00% |
| Share Premium | 0 | 0 | |
| Reserves and Surplus | 2,962,647 | 2,856,029 | 3.73% |
| Deposits from Customers | |||
| Loans & Advances to customers | 22,206 | 9,520 | 133.27% |
| Net Interest Income | 447,096 | 308,239 | 45.05% |
| Other Operating Income | 143 | 258 | -44.76% |
| Impairment Charge/(Reversal) | 3,367 | 27,897 | -87.93% |
| Personnel Expenses | 68,958 | 51,881 | 32.92% |
| Operating Profit | 379,761 | 249,334 | 52.31% |
| Profit/(Loss) for the Year | 265,967 | 175,323 | 51.70% |
| Total Comprehensive Income | 265,967 | 175,323 | 51.70% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 357,762 | ||
| Capital Adequacy Ratio (CAR) | 23.44 | 22.27 | 5.25% |
| NPL | 0.06 | 0.05 | 20.00% |
| CCD (as per NRB Directives) | 133.11 | 126.77 | 5.00% |
| Cost of Fund (%) | 9.23 | 4.48 | 106.03% |
| Interest Rate Spread (%) | 3.59 | 2.4 | 49.58% |
| Annualized EPS (In Rs.) | 28.57 | 22.60 | 26.42% |
| Net Worth per Share (In Rs.) | 261.00 | 292.00 | -10.62% |
| Qtr End PE Ratio (times) | 36.47 | - | - |
| Qtr End Market Price | 1042 | - | - |
