Forward Community Microfinance earns Rs 28.10 crore net profit; EPS increases to Rs 93.63
Thu, Aug 16, 2018 8:18 AM on Financial Analysis, Latest, Stock Market,
Forward Community Microfinance Bittiya Sanstha Limited (FOWAD) has reported 3.14% growth in its net profit in the fourth quarter of the ongoing FY 2074/75.
As per the unaudited quarterly report, its net profit has increased to Rs 28.10 crore, up from Rs 27.24 crore in the same period last year. Its net interest income has decreased 7.41% in this period, which now stands at Rs 64.04 crore.
Its borrowings have increased from Rs 3.45 arba to Rs 3.80 arba and deposits have increased to Rs 3.20 arba from Rs 2.38 arba. Its floated loans have also increased to Rs 7.67 arba from Rs 7.21 arba last year.
Forward Community Microfinance’s paid up capital now stands at Rs 30.01 crore. Its reserve has increased 48.86% to Rs 73.85 crore.
Its EPS stands at Rs 93.63 in the fourth quarter and the net worth per share is Rs 346.03.
Major Highlights:
|
Particulars (In Rs '000) |
FOWAD |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
300,166 |
300,000 |
0.06% |
|
Reserve & Surplus |
738,508 |
496,110 |
48.86% |
|
Deposits |
3,209,899 |
2,385,708 |
34.55% |
|
Borrowings |
3,802,503 |
3,453,621 |
10.10% |
|
Loans & Advances |
7,679,670 |
7,217,274 |
6.41% |
|
Net Interest Income |
640,414 |
691,672 |
-7.41% |
|
Provision for possible losses |
22,324 |
20,422 |
9.31% |
|
Operating Profit |
441,647 |
406,587 |
8.62% |
|
Net Profit |
281,048 |
272,499 |
3.14% |
|
NPL |
0.39 |
0.29 |
34.48% |
|
Annualized EPS (In Rs.) |
93.63 |
90.83 |
3.08% |
|
Net Worth per Share (In Rs.) |
346.03 |
265.37 |
30.40% |
