RSDC Laghubitta’s net profit declined to Rs. 10.31 crore in Q4, mainly due to higher impairment charges and reduced net interest income.
RSDC Laghubitta Bittiya Sanstha Limited has published its unaudited financial statement for the fourth quarter of fiscal year 2081/82. As per the report, the company’s net profit fell by 27.19%, amounting to Rs. 10 crore 31 lakh, compared to Rs. 14 crore 17 lakh during the same period last year. The decline in profitability is primarily attributed to a rise in impairment charges along with a decrease in net interest income and operating profit.
Net interest income declined by 22.54% to Rs. 22 crore 46 lakh, while total operating income dropped by 24.51% and stood at Rs. 23 crore 4 lakh. Similarly, other operating income declined sharply by 69.69%, totaling only Rs. 47 lakh. The impairment charge, which was negative Rs. 65 lakh in the previous year, increased to Rs. 2 crore 68 lakh this quarter. The non-performing loan (NPL) ratio rose slightly by 0.03 percentage points, reaching 3.34%.
During the review period, the company collected deposits and borrowings worth Rs. 6 arba 80 crore 91 lakh and disbursed loans totaling Rs. 6 arba 22 crore 43 lakh. RSDC Laghubitta’s paid-up capital stands at Rs. 1 arba 3 crore 40 lakh, with distributable profit amounting to Rs. 8 crore 54 lakh and reserve fund at Rs. 26 crore 83 lakh.
On a per-share basis, the company’s earnings per share (EPS) decreased by Rs. 5.03 and settled at Rs. 9.98. The net worth per share has been reported at Rs. 125.95.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
