Despite issuing 6 lakh units IPO, Forward Microfinance’s profit rises by 44.91% to Rs 25.06 crore, Q4’s EPS of Forward, Nepal Grameen & Summit Microfinance stands at Rs 125.35, Rs 28.96 & Rs 69.10 respectively

Forward Community Microfinance Bittiya Sanstha Limited (FOWAD) has posted profit growth of 44.91 percent in the fourth quarter (Q4) of the last fiscal year 2073/74. Publishing the unaudited financial report for the fourth quarter today, the microfinance company stated that its net profit rose to Rs 25.06 crore in the current fiscal year 2073/74, up from Rs 17.30 crore in the corresponding period of the previous fiscal year 2072/73. Its net interest income has risen from Rs 49.26 crore in corresponding quarter to Rs 65.74 crore in the fourth quarter. FOWAD’s paid up capital remains at Rs 20 crore with reserve of Rs 59.97 crore in Q4. FOWAD has issued 6 lakh units IPO shares to the public in the FY 2073/74. The company has borrowings of Rs 3.49 arba in the fourth quarter, up from Rs 2.78 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 6.15 arba in Q4 whereas in the same period last year the figure stood at Rs 4.28 arba. Its non-performing loan (NPL) has decreased to 0.29% in Q4 from 0.38% in the previous year report. FOWAD’s annualized earning per share (EPS) stands at Rs 125.35, net worth per share at Rs 399.89 and the P/E ratio at 30.4 times. Similarly, Summit Microfinance Development Bank Limited (SMFDB) has posted profit growth of 34.54 percent in the fourth quarter (Q4) of the last fiscal year 2073/74. Publishing the unaudited financial report for the fourth quarter today, the microfinance company stated that its net profit inclined to Rs 5.01 crore in the current fiscal year 2073/74, up from Rs 3.72 crore in the corresponding period of the previous fiscal year 2072/73. Its net interest income has risen from Rs 8.82 crore in corresponding quarter to Rs 11.97 crore in the fourth quarter. SMFDB’s paid up capital remains at Rs 7.25 crore with reserve of Rs 8.14 crore in Q4. Yesterday, it has published book closure date for 100% right shares to its shareholders on Bhadra 9, 2074. Thus, those who are holding their shares or buying ahead of the book closure date are entitled to right shares. After 100% right issue, its paid up capital will reach Rs 15 crore. The company has borrowings of Rs 54.04 crore in the fourth quarter, up from Rs 41.47 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.08 arba in Q4 whereas in the same period last year the figure stood at Rs 76.95 crore. Its non-performing loan (NPL) has decreased to 0.34% in Q4 from 0.41% in the previous year report. SMFDB’s earning per share (EPS) stands at Rs 69.10, net worth per share at Rs 212.39 and the P/E ratio at 43.43 times. Nepal Grameen Bikas Bank Limited (NGBBL) has posted decline of 34.33 percent profit in the fourth quarter (Q4) of the last fiscal year 2073/74. Publishing the unaudited financial report for the fourth quarter today, the microfinance company stated that its net profit declined to Rs 16.14 crore in the current fiscal year 2073/74, down from Rs 24.58 crore in the corresponding period of the previous fiscal year 2072/73. Its net interest income has risen from Rs 86.09 crore in corresponding quarter to Rs 1.01 arba in the fourth quarter. NGBBL’ paid up capital remains at Rs 55.75 crore with reserve of Rs 17.33 crore in Q4. NGBBL is issuing 9,75,000 unit shares as Further Public Issue (FPO) at Rs 100 and SEBON has already given approval for the FPO. Prabhu Capital Limited is the issue manager for the FPO. The company has borrowings of Rs 4.53 arba in the fourth quarter, up from Rs 4.29 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 7.72 arba in Q4 whereas in the same period last year the figure stood at Rs 6.41 arba. Its non-performing loan (NPL) has decreased to 3.76% in Q4 from 4.73% in the previous year report. NGBBL’s earning per share (EPS) stands at Rs 28.96, net worth per share at Rs 131.10 and the P/E ratio at 25.73 times. Major Highlights: