RSDC Laghubitta Profit Drops 6% in Q3 as Lending and Interest Income Decline
Summary
RSDC Laghubitta Bittiya Sanstha Limited reported a 6.08% decline in net profit to Rs. 6.56 crore in Q3 FY 2082/83 due to decreased lending and interest income.
Key Points
- RSDC Laghubitta's net profit fell by 6.08% to Rs. 6.56 crore in Q3 FY 2082/83 compared to last year.
- Net interest income declined by 13.65%, and loans and advances to microfinance institutions dropped by 23.04%.
- Borrowings decreased significantly by 32.31%, while personnel expenses dropped slightly by 3.62%.
- Capital adequacy ratio improved to 23.94%, but non-performing loans rose to 3.46%.
- Earnings per share declined to Rs. 8.46, and the market price per share was Rs. 702 with a P/E ratio of 82.93.
