RMDC Laghubitta Reports 99 Percent Surge In Net Profit In FY 2078/79 [Q4 Report]
August 2, 2022 | Investopaper
RMDC Laghubitta Bittiya Sanstha Limited has published its unaudited fourth-quarterly (Q4) report of FY 2078/79. The unaudited report shows a 99 percent surge in its net profit as compared to the previous year. The microfinance earned a net profit of Rs 35.49 crores in the fiscal year 2078/79. In the previous fiscal year, RMDC had earned a profit of Rs. 17.79 crores.
The rise in net profit is due to the increase in the net interest income of the company. RMDC Laghubitta has earned a net interest income of Rs 60.53 crores in the fiscal year 2078/79. This is 49 percent higher than the net interest income earned in the previous year.
As of Ashad’s end 2079 BS, the paid-up capital stands at Rs. 124.1 crores. Similarly, reserve & surplus is at Rs. 208.71 crores. The microfinance has floated the loans and advances of Rs. 11.68 Arba. Likewise, it has a total borrowing of Rs 8.5 Arba.
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Comparative study of 4 wholesale microfinance of Nepal
Dividend History Of RMDC Laghubitta
Major Financial Indicators of RMDC Laghubitta, FY 2078/79
Paid-up capital: Rs 124.1 crores
Reserve and Surplus: Rs 208.71 crores
Borrowings: Rs 8.5 Arba
Loans & Advances: Rs 11.68 Arba
Net Interest Income: Rs 60.53 crores
Operating Profit: Rs 51.41 crores
Net Profit: Rs 35.49 crores
Distributable Profit: Rs. 44.55 crores
Non-Performing Loans (NPL): 0.05 percent
Cost of Funds: 10.67 percent
Earnings Per Share: Rs 28.6
Networth Per Share: Rs 268.18
See the summarized version of the fourth-quarter report in the fiscal year 2078/79.
RMDC Laghubitta: Report Summary, FY 2078/79
| Financial Indicators | 4th Qtr, F.Y. 2078/79 | 4th Qtr, F.Y. 2077/78 | Percent Change |
| Paid-up capital (Rs. ‘crores’) | 124.1 | 103.42 | 20.00 |
| Reserve and Surplus (Rs. ‘crores’) | 208.71 | 199.08 | 4.84 |
| Borrowings (Rs. ‘Arba’) | 8.5 | 9.01 | -5.66 |
| Loans & Advances (Rs. ‘Arba’) | 11.68 | 11.65 | 0.26 |
| Net Interest Income (Rs. ‘crores’) | 60.53 | 40.46 | 49.60 |
| Operating Profit (Rs. ‘crores’) | 51.41 | 27.64 | 86.00 |
| Net Profit (Rs. ‘crores’) | 35.49 | 17.79 | 99.49 |
| Distributable Profit (Rs. ‘crores’) | 44.55 | – | – |
| Non Performing Loans, NPL (%) | 0.05 | 0.05 | 0.00 |
| Cost Of Funds (%) | 10.67 | 5.46 | 95.42 |
| Earnings Per Share, EPS (Rs.) | 28.6 | ||
| Networth Per Share ( Rs.) | 268.18 | ||
| Market Price Per Share (Rs.) [Ashad end, 2079 BS] | 838 | ||
| P/E Ratio | 29.30 |
Source: Unaudited Q4 Report, FY 2078/79
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.
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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.
RMDC Laghubitta has a paid-up capital of Rs 124.1 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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