Forward Community Microfinance Bittiya Sanstha Limited has reported 63.47% growth in its net profit in the third quarter of the ongoing FY 2073/74.
As per the unaudited quarterly report, its net profit has increased to Rs 20.46 crore, up from Rs 12.52 crore in the same period last year. Its net interest income has increased 51.10% in this period, which now stands at Rs 48.79 crore.
Its borrowings have increased from Rs 2.53 arba to Rs 3.41 arba and deposits have increased to Rs 2.39 arba from Rs 1.65 arba. Its floated loans have also increased to Rs 6.04 arba from Rs 3.81 arba last year.
Forward Community Microfinance’s paid up capital now stands at Rs 20 crore after floatation of its 6 lakh units IPO. Its reserve has increased 85.15% to Rs 55.37 crore.
As of Q3, its annualized EPS stands at Rs 136.45 with net worth per share of Rs 376.88.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
200,000 |
140,000 |
42.86% |
| Reserve and Surplus |
553,767 |
299,089 |
85.15% |
| Deposits |
2,399,117 |
1,656,364 |
44.84% |
| Loans and Advances |
6,049,745 |
3,811,809 |
58.71% |
| Borrowings |
3,413,070 |
2,532,681 |
34.76% |
| Net Interest Income |
487,998 |
322,965 |
51.10% |
| Provision |
26,815 |
12,592 |
112.95% |
| Write Back |
21,782 |
700 |
3011.69% |
| Operating Profit |
299,852 |
196,053 |
52.94% |
| Net Profit |
204,676 |
125,206 |
63.47% |
| Capital Adequacy Ratio |
12.93% |
11.49% |
- |
| NPL |
0.29% |
0.21% |
38.10% |
| Cost of Fund |
7.85% |
7.94% |
|
| CD Ratio (as per NRB) |
252.17% |
230.13% |
- |
| EPS (Annualized) |
136.45 |
119.24 |
14.43% |
| PE Ratio |
- |
|
|
| Networth Per Share |
376.88 |
|
|
