RSDC Laghubitta Reports 48 Percent Growth In Profit In FY 2078/79 [Q4 Report]
July 19, 2022 | Investopaper
RSDC Laghubitta Bittiya Sanstha Limited has delivered a decent performance in the fiscal year 2078/79. As per the un-audited fourth quarterly report, the microfinance posted a profit of Rs 13.52 crores, which is 48 percent higher than the profit of the previous fiscal year. In the fiscal year 2077/78, RSDC generated a profit of Rs 9.10 crores.
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The rise in profit is mainly due to the increment in the net interest income. RSDC Laghubitta earned Rs 23.82 crores as the net interest income in the fiscal year 2078/79. This is 46 percent higher than that of the previous year. Similarly, the operating profit of the company grew by 18 percent to Rs 12.45 crores.
As of Ashad’s end 2079 BS, RSDC Laghubitta has a paid-up capital of Rs 80.51 crores. Likewise, the total reserve and surplus stood at Rs 21.03 crores. During this period, the wholesale microfinance has a total borrowing of Rs 4.64 Arba and floated loans of Rs 5.45 Arba. The loans and advances grew by 56 percent in the fiscal year 2078/79.
The Nonperforming Loans (NPL) remain at a satisfactory 0.49 percent. However, the base rate has surged to 12.61 percent.
As per the report, RSDC Laghubitta has an Earnings Per Share (EPS) of Rs 16.79. Similarly, the per-share net-worth stands at Rs 126. At Ashad’s end, 2079 BS, the share of RSDC traded at Rs 554.8. This gives the stock a P/E ratio of Rs 33.04 which indicates that the stock is relatively overpriced as compared to its earnings.
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The report of RSDC Laghubitta is also summarized in the table below:
RSDC Laghubitta: Financial Highlights, FY 2078/79
| Financial Indicators | 4th Qtr, F.Y. 2078/79 | 4th Qtr, F.Y. 2077/78 | Percent Change |
| Paid-up capital (Rs. ‘crores’) | 80.51 | 73.19 | 10.00 |
| Reserve and Surplus (Rs. ‘crores’) | 21.03 | 15.34 | 37.09 |
| Borrowings (Rs. ‘Arba’) | 4.64 | 3.07 | 51.14 |
| Loans & Advances (Rs. ‘Arba’) | 5.45 | 3.49 | 56.16 |
| Net Interest Income (Rs. ‘crores’) | 23.82 | 16.27 | 46.40 |
| Operating Profit (Rs. ‘crores’) | 19.31 | 12.9 | 49.69 |
| Net Profit (Rs. ‘crores’) | 13.52 | 9.1 | 48.57 |
| Distributable Profit (Rs. ‘crores’) | 10.58 | – | – |
| Non Performing Loans, NPL (%) | 0.49 | 0.99 | -50.51 |
| Base Rate (%) | 12.61 | 7.16 | 76.12 |
| Earnings Per Share, EPS (Rs.) | 16.79 | ||
| Networth Per Share ( Rs.) | 126 | ||
| Market Price Per Share (Rs.) [Ashad end, 2079 BS] | 554.8 | ||
| P/E Ratio | 33.04 |
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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