August 2, 2021 | Investopaper
RSDC Laghubitta Bittiya Sanstha Limited has delivered a decent performance in the fiscal year 2077/78. As per the un-audited fourth quarterly report, the microfinance posted a profit of Rs 9.10 crores, which is 15 percent higher than the profit of the previous fiscal year. In the fiscal year 2076/77, RSDC generated a profit of Rs 7.88 crores.
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The rise in profit is mainly due to the increment in the net interest income. RSDC Laghubitta earned Rs 16.40 crores as the net interest income in the fiscal year 2077/78. This is 15 percent higher than that of the previous year. The operating profit of the company grew by 18 percent to Rs 12.45 crores.
As of Ashad’s end 2078 BS, RSDC Laghubitta has a paid-up capital of Rs 73.19 crores. Likewise, the total reserve and surplus stood at Rs 15.34 crores. During this period, the wholesale microfinance has a total borrowing of Rs 3.07 Arba and floated loans of Rs 3.49 Arba. The loans and advances grew by 22 percent in the fiscal year 2077/78.
The Nonperforming Loans (NPL) remain at a satisfactory 0.99 percent. Likewise, the cost of funds has sharply fallen to 6.43 percent.
RSDC Laghubitta has an Earnings Per Share (EPS) of Rs 12.44. Similarly, the per-share networth stands at Rs 120.96. At Ashad’s end, 2078 BS, the share of RSDC traded at Rs 805. This gives the stock a P/E ratio of Rs 64.71 which indicates that the stock is relatively overpriced as compared to its earnings.
The report of RSDC Laghubitta is also summarized in the table below:
RSDC Laghubitta Fourth Quarter 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’)||73.19||67.15||8.99|
|Reserve and Surplus (Rs. ‘crores’)||15.34||14.66||4.64|
|Borrowings (Rs. ‘Arba’)||3.07||2.6||18.08|
|Loans & Advances (Rs. ‘Arba’)||3.49||2.85||22.46|
|Net Interest Income (Rs. ‘crores’)||16.4||14.21||15.41|
|Operating Profit (Rs. ‘crores’)||12.45||10.51||18.46|
|Net Profit (Rs. ‘crores’)||9.1||7.88||15.48|
|Non Performing Loans, NPL (%)||0.99||0.29||241.38|
|Cost of Funds (%)||6.43||10.23||-37.15|
|Earnings Per Share, EPS (Rs.)||12.44|
|Networth Per Share ( Rs.)||120.96|
|Market Price Per Share (Rs.) [Ashad end, 2078 BS]||805|
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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