Rural Microfinance Development Centre has posted surged in net profit by 21.82% in the fourth quarter of this fiscal year 2074/75.
As per the published report, the microfinance has reported increased in net profit to Rs 25.73 crore in this Q4 from Rs.21.11 crore in the corresponding quarter of last fiscal year 2073/74.
It has borrowing of Rs.5.62 arba. It had extended in loan & advances of Rs.6.84 arba.
Net interest income has surged to Rs.40.59 crore from Rs.34.05 crore in the last corresponding quarter. Operating profit increased to Rs.40.37 crore from Rs.33.00 crore in the comparing period.
Its paid up capital is Rs.72.67 crore with reserve balance of Rs.1.43 arba.
Its non performing loan stands at zero percent.
Annualized earning per share increased to Rs.35.41 from 29.07 & net worth per share is Rs.297.08. PE ratio stands at 16.78 times. Cost of fund at 7.77%.
