RSDC Laghubitta Publishes Q4 Report with Net Profit of Rs. 11.16 Crores ; EPS Almost Steady at Rs. 12.84
Wed, Jul 19, 2023 11:00 AM on Financial Analysis, Company Analysis, Latest,
RSDC Laghubitta Bittiya Sanstha Limited (RSDC) has made public its Q4 report for the past financial year 2079-80 with a Net Profit of 11.16 crores up to the last quarter. In comparison to the immediate corresponding quarter of FY 2078-79, it is a steady increase of 5.71 percent.
The borrowings and the impairment charges of the company have both increased considerably by 24.65 percent and 38.98 percentage, respectively. In Q4 of the fiscal year 2079-80, the company has Rs. 5.82 Arba in borrowings. Meanwhile, up to the same quarter of the same fiscal year, the company has incurred almost ten crores in impairment charges.
Similarly, the personnel expenses of the company have increased by 14 percent, which was Rs. 3.19 crores up to the fourth quarter of FY 2078-79.
On a brighter note, the Net Interest Income of the company, which is considered the core revenue stream for microfinance companies has increased by 19.21 percent, amounting to Rs. 28.49 crores up to the last quarter of the FY 2079-80.
However, the Non-performing Loan (NPL), while still low, has mounted to 1.22 percent up to Q4 for the financial year 2079/80.
The Earnings per Share (EPS) ratio of the company stands at Rs. 12.84 after a slight comparative reduction.
RSDC maintains a paid-up capital of Rs. 86.95 crores with a distributable profit of Rs. 8.08 crores to its shareholders, which puts the company in good financial standing.
The Net Worth per Share has remained almost steady at Rs. 123.46.
Major Financial Highlights:
| Particulars (In Rs '000) | RSDC Laghubitta | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 869,568.20 | 805,155.74 | 8.00% |
| Retained Earnings | 88,430.08 | 89,913.94 | -1.65% |
| Reserves | 115,534.31 | 92,076.68 | 25.48% |
| Borrowings | 5,826,268.23 | 4,674,172.94 | 24.65% |
| Loans & Advances to customers | 7,839.40 | 8,306.88 | -5.63% |
| Net Interest Income | 284,952.90 | 239,035.83 | 19.21% |
| Personnel Expenses | 36,675.66 | 31,918.52 | 14.90% |
| Impairment Charges/Reversal for loans and Advances | 99,910.39 | 71,887.81 | 38.98% |
| Operating Profit | 159,294.85 | 150,441.67 | 5.88% |
| Net Profit | 111,645.22 | 105,615.26 | 5.71% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 80,818.09 | ||
| Capital Adequacy (%) | 16.47 | 18.29 | -9.95% |
| NPL (%) | 1.22 | 0.49 | 148.98% |
| Cost of Fund (%) | 12.18 | 11.46 | 6.28% |
| Annualized EPS (In Rs.) | 12.84 | 13.12 | -2.12% |
| Net Worth per Share (In Rs.) | 123.46 | 122.60 | 0.70% |
| Qtr end PE Ratio (times) | 47.75 | - | - |
| Qtr End Market Price | 613.1 | - | - |
