RSDC Laghubitta Q4 Report: 36.47% Rise in Net Profit Despite Decline in Core Revenue, EPS at Rs. 15.53
Thu, Jul 18, 2024 10:02 AM on Company Analysis, Financial Analysis, Latest,
RSDC Laghubitta Bittiya Sanstha (RSDC) has reported a significant 36.47% rise in net profit for the fourth quarter of the fiscal year 2080/2081. The company’s net profit increased to Rs. 14.66 crore, up from Rs. 10.74 crore in the same quarter of the previous year.
For the fourth quarter, RSDC recorded a distributable profit of Rs. 6.76 crore after profit and loss appropriation and regulatory adjustments.
However, the company experienced an 8.01% decrease in borrowings, amounting to Rs. 5.35 Arba, compared to Rs. 5.82 Arba at the end of the previous fiscal year. Loans and advances to cooperatives also saw a 6.57% decline, reaching Rs. 6.27 Arba.
RSDC's net interest income, the core revenue, fell by 15.22% to Rs. 24.47 crore, down from Rs. 28.86 crore in the corresponding quarter of the previous year. Additionally, the non-performing loan (NPL) ratio increased to 3.31% from 1.40%.
The company’s paid-up capital stood at Rs. 94.43 crore, with reserves and surplus amounting to Rs. 86.95 crore.
The annualized earnings per share (EPS) is Rs. 15.53, while the net worth per share is Rs. 124.50. RSDC is trading at a P/E multiple of 50.99 times.
Major Financial Highlights:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | RSDC Laghubitta | ||
|---|---|---|---|
| Q4 2080/81 | Q4 2079/80 | Difference | |
| Paid Up Capital | 944,351.07 | 869,568.20* | 8.60% |
| Share Premium | 0.00 | 0.00 | - |
| Retained Earnings | 67,639.81 | 79,304.57* | -14.71% |
| Reserves | 163,732.35 | 121,071.10* | 35.24% |
| Borrowings | 5,359,330.72 | 5,826,268.37* | -8.01% |
| Loans & Advances to MFIs & Cooperatives | 6,273,128.67 | 6,714,300.35* | -6.57% |
| Net Interest Income | 244,769.26 | 288,699.87 | -15.22% |
| Personnel Expenses | 43,812.47 | 36,120.33 | 21.30% |
| Impairment Charges | 6,566.20 | 107,347.06 | -93.88% |
| Operating Profit | 209,480.74 | 155,030.51 | 35.12% |
| Net Profit | 146,668.02 | 107,473.31 | 36.47% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 67,639.81 | ||
| Capital Adequacy (%) | 18.39 | 15.91 | 15.59% |
| NPL (%) | 3.31 | 1.40 | 136.43% |
| Cost of Fund (%) | 9.09 | 11.33 | -19.77% |
| Annualized EPS (In Rs.) | 15.53 | 12.36 | 25.66% |
| Net Worth per Share (In Rs.) | 124.50 | 123.04 | 1.18% |
| Qtr end PE Ratio (times) | 50.99 | - | - |
| Qtr End Market Price | 792 | - | - |
