RSDC Laghubitta Bittiya Sanstha (RSDC) has reported a notable 36.47% increase in net profit for the fourth quarter of fiscal year 2080/2081. The company’s net profit rose to Rs. 14.66 crore, compared to Rs. 10.74 crore in the same quarter of the previous year.
For this quarter, RSDC recorded a distributable profit of Rs. 6.76 crore after profit and loss appropriation and regulatory adjustments.
However, the company experienced an 8.01% decrease in borrowings, amounting to Rs. 5.35 Arba, down from Rs. 5.82 Arba at the end of the previous fiscal year. Loans and advances to cooperatives also saw a 6.57% decline, reaching Rs. 6.27 Arba.
RSDC’s net interest income, a core revenue source, fell by 15.22% to Rs. 24.47 crore, down from Rs. 28.86 crore in the corresponding quarter of the previous year. Additionally, the non-performing loan (NPL) ratio increased to 3.31% from 1.40%.
The company’s paid-up capital stood at Rs. 94.43 crore, with reserves and surplus amounting to Rs. 86.95 crore.
The annualized earnings per share (EPS) is Rs. 15.53, while the net worth per share is Rs. 124.50. RSDC is trading at a P/E multiple of 50.99 times.
