RMDC Laghubitta Reports 46 Percent Growth In Profit [Q2 Report]
February 7, 2022 | Investopaper
RMDC Laghubitta Bittiya Sanstha Limited has reported a rise in net profit by 47 percent. As per the unaudited second quarterly report of the fiscal year 2078/79, the company has posted a net profit of Rs 16.85 crores. During the same period of the previous fiscal year, the microfinance had earned Rs 11.47 crores in net profit.
Related:
Dividend History Of RMDC Laghubitta
RMDC Laghubitta’s Performance In FY 2077/78
As of Poush’s end 2078 BS, RMDC Laghubitta has a paid-up capital of Rs. 124.10 crores whereas reserve and surplus stand at 190.08 crores. The company has floated the loans of 9.01 Arba to microfinance institutions and cooperatives.
In the six months period, RMDC earned a net interest income of Rs 27.74 crores. This is 38 percent higher than the corresponding period of the previous year. The cost of fund has sharply inclined to 7.65 percent from 4.59 percent.
The annualized Earnings per share (EPS) and per share networth stand at Rs 27.15 and Rs 253.
See the financial highlights of the wholesale microfinance in the table below.
Financial Highlights Of RMDC Laghubitta, Q2 FY 2078/79
| Financial Indicators | Q2, F.Y. 2078/79 | Q4, F.Y. 2077/78 | Percent Change |
| Paid-up capital (Rs. ‘crores’) | 124.1 | 103.42 | 20.00 |
| Reserve and Surplus (Rs. ‘crores’) | 190.08 | 199.08 | -4.52 |
| Borrowings (Rs. ‘Arba’) | 9.01 | 9.01 | 0.00 |
| Loans & Advances (Rs. ‘Arba’) | 11.98 | 11.65 | 2.83 |
| Financial Indicators | Q2, F.Y. 2078/79 | Q2, F.Y. 2077/78 | Percent Change |
| Net Interest Income (Rs. ‘crores’) | 27.74 | 20.12 | 37.87 |
| Operating Profit (Rs. ‘crores’) | 23.49 | 16.37 | 43.49 |
| Net Profit (Rs. ‘crores’) | 16.85 | 11.47 | 46.90 |
| Non Performing Loans, NPL (%) | 0.05 | 0.06 | |
| Cost of Funds (%) | 7.65 | 4.59 | |
| Earnings Per Share, EPS (Rs.) | 27.15 | ||
| Networth Per Share ( Rs.) | 253 | ||
| Market Price Per Share (Rs.) [Poush end, 2078 BS] | 1280 | ||
| P/E Ratio | 47.15 |
Source: Unaudited Q2 Report, FY 2078/79
Note:
The above figures are based on the un-audited 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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