Rural Microfinance presents a decent growth of 26.14% in Net Profit ; EPS of Rs 33.15

Rural Microfinance Development Centre has published the report for 3rd quarter of the fiscal year 2074/75.

The company has earned a net profit of Rs 18.06 crores till the end of 3rd quarter. The net profit was Rs 14.32 crores in the corresponding quarter of the previous fiscal year. This accounts for a decent growth of 26.14%. RMDC now has an eps of Rs 33.15.

A massive growth is seen both in the interest income and interest expense of the company. The interest income has surged to Rs 58.19 crores, stating a growth of 55.65%. Interest expense too has grown by massive 111% to Rs 29.16 crores. The net interest income has inflated by 23.11% to Rs 29.02 crores. 

Staff expense remained stagnant at Rs 2.22 crores. The operating expense also surged slightly to Rs 1.08 crores from Rs 1.06 crores. 

Company’s operating profit has increased by 26.11% to Rs 28.38 crores. 

Borrowing has surged to Rs 5.31 arba, up from 5.02 arba last year showing a growth of 5.76%. Company's lending has increased by 12.23% to Rs 5.70 arba.  

Key Ratios:

EPS                : Rs 33.15
Networth       : Rs 286.73
Cost of Fund  : 7.55%
NPL                : 0.00%
P/E Ratio        : 18.22 times

P/B Ratio        :  2.10 times