RSDC Laghubitta Bittiya Sanstha Limited (RSDC) has recently released its first quarterly report for the fiscal year 2080/81, revealing several noteworthy findings. One of the most significant highlights is the impressive growth in net profit, which increased by 6.65%. During the first quarter, RSDC reported a net profit of Rs. 4.07 crores, a marked improvement compared to the Rs. 3.82 crores in the same period of the previous year.
The report also emphasizes a substantial rise in borrowings, which surged by 9.05% in the first quarter of 2080/81, reaching a total of Rs. 5.90 Arba.
RSDC reported a substantial reduction of 101.98% in impairment charges. This decline signifies improved asset quality and risk management within the organization. However, the company’s expenses related to personnel increased by 6.32%, reaching Rs. 1.21 crores by the end of Ashwin.
Net Interest Income, the primary revenue stream for microfinance companies, experienced a decrease of 10.96%, totaling Rs. 6.81 crores in the first quarter of the fiscal year 2080/81. This decline may be reflective of broader economic conditions.
Although at a relatively low level, the Non-Performing Loan (NPL) ratio increased to 1.49% in the first quarter of the financial year 2080/81.
RSDC maintains a paid-up capital of Rs. 86.95 crores, with a distributable profit of Rs. 10.13 crores to be distributed to its shareholders, indicating the company’s sound financial position.
The Net Worth per Share has remained nearly constant at Rs. 126.93.
It is worth noting that the company has proposed a dividend of 9.0528% (comprising 8.6% bonus shares worth Rs. 7.47 Crores and 0.4528% in cash dividends worth Rs. 39.35 lakhs) for the fiscal year 2079/80.