RMDC Laghubitta's Q1 Highlights: Net Profit Rises by 54.16%, Annualized EPS at Rs 35.07 and Net Worth Per Share at Rs. 275.30
Fri, Nov 11, 2022 10:44 AM on Latest, Financial Analysis, Stock Market,
RMDC Laghubitta Bittiya Sastha Limited (RMDC) has published its first-quarter report for the FY 2079/2080 with an impressive rise in Net Profit of 54.16%. RMDC's net profit has increased from Rs. 7.06 crore in the first quarter of FY 2078/2079 to Rs. 10.8 crore in the first quarter of FY 2079/2080.
In the same quarter, the bank has Rs 5.32 crores as distributable profit after PL Appropriation and Regulatory Adjustments. This amount can be used for distributing dividends.
Microfinance borrowings remained constant at this quarter, whereas loans and advances to MFIs and Cooperative increased by a 2.11% to Rs. 11.93 arba till the first quarter.
RMDC's Net Interest Income- NII (core business income) has increased by 37.66% to Rs. 17.5 crore compared to the corresponding quarter of the previous year.
The Laghubitta company's paid-up capital stands at Rs. 1.24 Arba with Rs. 2.17 Arba in Reserve and surplus. The Non-performing loan (NPL) is 0.07%.
Similarly, the Cost of funds stands at 10.88% and Capital Adequacy Rate is at 24.78%.
The earnings per share (EPS) stood at Rs.35.09 and Net worth per share stood at Rs. 275.30. The company traded at a P/E multiple of 23.77 times.
Note: Recently, Sana Kisan Bikas Laghubitta has inked a merger agreement with RMDC Laghubitta to form a joint entity Sana Kisan RMDC Laghubitta.
Major Highlights:
| Particulars (In Rs '000) | RMDC Laghubitta Bittiya Sanstha | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 1,241,066.00 | 1,241,066.00 | 0.00% |
| Retained Earnings | 1,081,503.81 | 1,028,230.61 | 5.18% |
| Reserves | 1,094,129.66 | 1,036,539.78 | 5.56% |
| Borrowings | 251,503.12 | 251,503.12 | 0.00% |
| Loans & Advances to MFIs & Cooperatives | 11,935,229.54 | 11,688,770.17 | 2.11% |
| Net Interest Income | 175,049.42 | 127,157.02 | 37.66% |
| Personnel Expenses | 28,435.09 | 21,217.17 | 34.02% |
| Provision for possible losses | 3,927.87 | 9,303.54 | -57.78% |
| Operating Profit | 155,518.68 | 100,883.57 | 54.16% |
| Net Profit available for Distribution | 53,273.20 | ||
| Net Profit | 108,863.08 | 70,618.50 | 54.16% |
| Capital Adequacy (%) | 24.78 | 22.13 | 11.97% |
| NPL (%) | 0.07 | 0.05 | 40.00% |
| Cost of Fund (%) | 10.88 | 6.96 | 56.32% |
| EPS (In Rs.) | 35.09 | 22.76 | 54.16% |
| Net Worth per Share (In Rs.) | 275.30 | 266.37 | 3.35% |
| Qtr end PE Ratio (times) | 23.77 | - | - |
| Qtr End Market Price | 834 | - | - |
