Forward Community Microfinance registers slight growth in profit; EPS stands at Rs 94.67 due to increased capital
Wed, May 9, 2018 4:49 AM on Financial Analysis, Latest, Stock Market,
Forward Community Microfinance Bittiya Sanstha Limited (FOWAD) has reported 4.13% growth in its net profit in the third quarter of the ongoing FY 2074/75.
As per the unaudited quarterly report, its net profit has increased to Rs 21.31 crore, up from Rs 20.46 crore in the same period last year. Its net interest income has decreased 5.10% in this period, which now stands at Rs 46.31 crore.
Its borrowings have increased from Rs 3.41 arba to Rs 3.52 arba and deposits have increased to Rs 2.97 arba from Rs 2.39 arba. Its floated loans have also increased to Rs 7.21 arba from Rs 6.04 arba last year.
Forward Community Microfinance’s paid up capital now stands at Rs 30.01 crore. Its reserve has increased 21.10% to Rs 67.05 crore. The microfinance company had distributed 50% bonus shares to its shareholders which increased its capital to the current state.
As of Q3, its annualized EPS stands at Rs 94.67 with net worth per share of Rs 323.41.
The EPS and Net worth per share have been published incorrect in the report published in newspapers.
Major Highlights:
|
Particulars (In Rs '000) |
FOWAD |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
300,165 |
200,000 |
50.08% |
|
Reserve & Surplus |
670,589 |
553,767 |
21.10% |
|
Deposits |
2,973,739 |
2,399,117 |
23.95% |
|
Borrowings |
3,524,459 |
3,413,070 |
3.26% |
|
Loans & Advances |
7,217,274 |
6,049,745 |
19.30% |
|
Net Interest Income |
463,106 |
487,998 |
-5.10% |
|
Provision for possible losses |
20,700 |
26,815 |
-22.80% |
|
Operating Profit |
334,918 |
299,852 |
11.69% |
|
Net Profit |
213,130 |
204,676 |
4.13% |
|
NPL (%) |
0.71 |
0.29 |
144.83% |
|
Annualized EPS (In Rs.) |
94.67 |
136.45 |
-30.62% |
|
Net Worth per Share (In Rs.) |
323.41 |
376.88 |
-14.19% |
|
P/E Ratio (In times) |
19.8 |
- |
- |
