Rise in Core Business Income Results an Outstanding 101.98% Rise in Net Profit of RSDC Laghubitta in Q1
Thu, Oct 20, 2022 11:31 AM on Company Analysis, Stock Market, Latest,
RSDC Laghubitta Bittiya Sanstha (RSDC) has published its first-quarter report of FY 2079/2080 with an increase in Net Profit by a huge margin of 101.98%. As per the report published by the company, the net profit increased to Rs. 3.82 crores as compared to Rs. 1.89 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 39.95% to Rs. 5.41 Arba which was Rs. 3.86 Arba in the corresponding quarter of the previous year. The company’s loans and advances from customers also increased by 7.57% to Rs. 89.38 Lakhs in this quarter.
Likewise, the net interest income (core revenue) has increased by 119.32% % to Rs. 7.6 crores compared to Rs. 3.4 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 80.5 crores in this quarter and its reserve and surplus increased to Rs. 21.7 crores.
Its annualized earnings per share (EPS) stands at Rs. 18.99. The net worth per share stood at Rs. 126.96. The company traded at a P/E multiple of 25.59 times.
Major Financial Highlights
| Particulars (In Rs '000) | RSDC Laghubitta Bittiya Sanstha Ltd | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 805,156 | 731,960 | 10.00% |
| Retained Earnings | 119,597 | 98,405 | 21.54% |
| Reserve & Surplus | 97,494 | 68,993 | 41.31% |
| Borrowings | 5,412,976 | 3,867,931 | 39.95% |
| Loans & Advances to customers | 8,938 | 8,309 | 7.57% |
| Loans & Advances to MFIs & Co-operatives | 6,358,157 | 4,618,837 | 37.66% |
| Net Interest Income | 76,502 | 34,881 | 119.32% |
| Operating Profit | 54,616 | 25,656 | 112.88% |
| Net Profit | 38,231 | 18,928 | 101.98% |
| Capital Adequacy (%) | 16.45 | 19.76 | -16.75% |
| NPL (%) | 0.6 | 0.28 | 114.29% |
| Annualized EPS (In Rs.) | 18.99 | 10.34 | 83.62% |
| Net Worth per Share (In Rs.) | 126.96 | 122.87 | 3.33% |
| PE Ratio (times) | 25.59 | - | - |
| Qtr End Market Price | 486 | ||
