RSDC, Mithila & Nepal Seva Laghubitta earns Rs 56.50 lakh, Rs 14.75 lakh & Rs 1.93 lakh respectively

- ShareSansar, November 9, 2017  on Featured , Financial Analysis , Latest , Stock Market

RSDC Laghubitta Bittiya Sanstha Limited (RSDC) has registered a net profit growth of 29.32 % in the first quarter of the current FY 2074/75.

According to the unaudited report published by the microfinance today, its net profit has increased to Rs 56.5 lakh in first quarter, up from Rs 43.96 lakh in the corresponding quarter of the previous fiscal year.

Its current paid up capital stands at Rs 11.50 crore. RSDC had issued 200% right shares of worth Rs 23.00 crore to its shareholders from Ashwin 2 to Kartik 20, 2074. After 13% bonus from net profit of FY 2073/74 and 200% right share, its paid up capital will reach Rs 35.99 crore. Finally, it will issue 60% right share, after which paid up capital will reach Rs 57.60 crore. As per NRB’s directive for wholesale lending microfinance companies, RSDC should increase its paid up capital to a minimum of Rs 60 crore by the end of FY 2074/75.

The microfinance has borrowed 1.09 arba in Q1. Likewise, it has extended loans and advances of Rs. 1.17 arba in Q1 whereas in the same period last year, the figure stood at Rs 75.12 crore

RSDC’s annualized Earnings per Share (EPS) reached to Rs 19.77. Its net worth now stands at Rs 133.34 per share and P/E ratio at 64.73 times.