RMDC Laghubitta Posts Rs 10.88 Crores Net Profit In Q1

November 11, 2022 | Investopaper

RMDC Laghubitta Bittiya Sanstha Limited has posted a net profit of Rs 10.88 crores until the first quarter of the current fiscal year 2079/80.

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The wholesale microfinance increased its net profit by almost 54 percent as compared to the same period of the previous year. In the fiscal year 2078/79, RSDC Laghubitta had earned Rs 7.06 crores in net profit until the first quarter.

As of Ashwin’s end 2079 BS, RMDC Laghubitta has a paid-up capital of Rs. 124.1 crores while the reserve and surplus stood at Rs 217.56 crores. The microfinance has floated loans and advances of Rs 11.93 Arba until this period.

The non-performing loans (NPL) has increased to 0.07 percent while the cost of funds has risen to 10.88 percent. The annualized earnings per share (EPS) stands at Rs 35.09 and per share net worth is Rs 275.3.

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Comparative study of 4 wholesale microfinance of Nepal

RMDC Laghubitta Performance Report of FY 2078/79

The first-quarterly report of RMDC Laghubitta is summarized in the table below:

RMDC Laghubitta (RMDC): Q1 Report Summary, FY 2079/80

Financial Indicators Q1, F.Y. 2079/80 Q4, F.Y. 2078/79 Percent Change
Paid-up capital (Rs. ‘crores’) 124.1 124.1 0.00
Reserve and Surplus (Rs. ‘crores’) 217.56 206.67 5.27
Borrowings (Rs. ‘Arba’) 8.66 8.5 1.88
Loans & Advances (Rs. ‘Arba’) 11.93 11.68 2.14


Financial Indicators Q1, F.Y. 2079/80 Q1, F.Y. 2078/79 Percent Change
Net Interest Income (Rs. ‘crores’) 17.5 12.71 37.69
Operating Profit (Rs. ‘crores’) 15.55 10.08 54.27
Net Profit (Rs. ‘crores’) 10.88 7.06 54.11
Distributable Profit (Rs. ‘crores’) 5.32
Non Performing Loans, NPL (%) 0.07 0.05 40.00
Cost of funds(%) 10.88 6.96 56.32
Earnings Per Share, EPS (Rs.) 35.09
Networth Per Share ( Rs.) 275.3
Market Price Per Share (Rs.) [Ashwin’s end, 2079 BS] 834
P/E Ratio 23.77

Source: Unaudited Q1 Report, FY 2079/80


The above figures are based on the unaudited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.

Note: If you want to see the reports of other companies, Click Here.


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