RSDC Laghubitta Logs Impressive Growth

Feb 04, 2019 Merolagani

RSDC Laghubitta (RSDC) has increased its net profit by 121.83 percent and reserve fund by 1468 percent following the 200 and 60 percent right issue in a bid to increase its paid-up capital as per NRB requirement.

The company that earned a net profit of Rs 12.8 million in the second quarter of the last FY increased its net profit to Rs 28.4 million in the corresponding period of the current FY.

Similarly, the company also increased its reserve fund significantly to Rs 133.5 million compared to Rs 8.5 million of the last FY.

The EPS of the company that was Rs 7.54 in the review period of the last FY rose to Rs 8.99 in the Q2 of the current FY.

In the review period, the company raised its paid-up capital to Rs 633.5 million. The company borrowed Rs 1.64 billion and extended loan of Rs 1.91 billion during the period. Through this, the company earned a net interest income of Rs 55.6 million.

The company has bad debt ratio of0.40 percent, cost of fund of 10.75 percent, capital fund ratio of 38.26 percent, net worth per share of Rs 121.08 and P/E ratio of 43.82 times.

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