RMDC Laghubitta Reports Decline In Profit In FY 2077/78 [Q4 Report]

July 30, 2021 | Investopaper

RMDC Laghubitta Bittiya Sanstha Limited has published its unaudited fourth-quarterly (Q4) report of FY 2077/78. The unaudited report shows an 18 percent decline in its net profit as compared to last year’s corresponding quarter. The microfinance earned a net profit of Rs 23.25 crores in the fiscal year 2077/78. In the previous fiscal year 2076/77, RMDC had earned a profit of Rs. 28.60 crores.


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Dividend History Of RMDC Laghubitta


The fall in net profit is due to the decline in the net interest income of the company. RMDC Laghubitta has earned a net interest income of Rs 40.39 crores in the fiscal year 2077/78. This is 12 percent lower than the net interest income earned in the previous year. With the fall in net interest income, the operating profit has plunged by 29 percent. RMDC Laghubitta has an operating profit of Rs 31.92 crores, down from Rs 45.21 crores of the previous fiscal year.

As of Ashad’s end 2078 BS, the paid-up capital stands at Rs. 103.42 crores. Similarly, reserve & surplus is at Rs. 174.81 crores. The microfinance has floated the loans and advances of  Rs. 11.81 Arba. Likewise, it has a total borrowing of Rs 9.37 Arba.

The nonperforming loan stands at 0.05 percent. The cost of the fund has declined to 5.51 percent from 7.95 percent. The Earning Per Share (EPS) and per share net-worth are at Rs. 22.49 and Rs. 269.03 in the fiscal year 2077/78 .


Also Read: Comparative study of 4 wholesale microfinance of Nepal


Major Financial Indicators of RMDC Laghubitta, FY 2077/78

Paid-up capital: Rs 103.42 crores

Reserve and Surplus: Rs 174.81 crores

Borrowings: Rs 9.37 Arba

Loans & Advances: Rs 11.81 Arba

Net Interest Income: Rs 40.39 crores

Operating Profit: Rs 31.92 crores

Net Profit: Rs 23.25 crores

Non-Performing Loans (NPL): 0.05 percent

Cost of Funds: 5.51 percent

Earnings Per Share: Rs 22.49

Networth Per Share: Rs 269.03


See the summarized version of the fourth-quarter report in the fiscal year 2077/78.

RMDC Laghubitta Fourth Quarter (Q4) Report Summary, FY 2077/78

Financial Indicators 4th Qtr, F.Y. 2077/78 4th Qtr, F.Y. 2076/77 Percent Change
Paid up capital (Rs.’crores’) 103.42 103.42 0
Reserve and Surplus (Rs.’ crores’) 174.81 152.06 14.96
Borrowings (Rs.’Arba’) 9.37 7.06 32.72
Loans & Advances (Rs.’Arba’) 11.81 8.06 46.53
Net Interest Income (Rs.’crores’) 40.39 46.02 -12.23
Operating Profit (Rs. ‘crores’) 31.92 45.21 -29.40
Net Profit (Rs.’crores’) 23.25 28.6 -18.71
Non Performing Loans, NPL (%) 0.05 0.01 400.00
Cost of Funds (%) 5.51 7.95 -30.69
Earnings Per Share, EPS (Rs.) 22.49
Networth Per Share ( Rs.) 269.03
Market Price Per Share (Rs.) [Ashad end, 2078 BS] 1373
P/E Ratio 61.05

Note:

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.

 


About RMDC Laghubitta Bittiya Sanstha

RMDC Laghubitta Bittiya Sanstha Limited is a wholesale microfinance company in Nepal. It was previously known as ‘Rural Microfinance Development Centre Ltd.’ Registered on 30 October 1998 under the then ‘Company Act, 1996’ as a public limited company, RMDC Laghubitta started its lending operation from January 2000. It provides loans to the other retail microfinance institutions of Nepal.


You May Also Like: List of ‘D’ Class Microfinance Companies In Nepal


RMDC Laghubitta has a paid-up capital of Rs 1.03 Arba. The general public possesses a 30 percent share in the company while the promoters hold 70 percent ownership. It is promoted by leading banks of Nepal such as Standard Chartered Bank Nepal, Nabil Bank, Himalayan Bank, Nepal Investment Bank, Nepal Bank, NIC Asia Bank, and others.


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