Forward Community Microfinance Bittiya Sanstha Ltd. has posted a 66.77% increase in its net profit in the second quarter of the FY 2073/74.
As per the unaudited financial statement of the microfinance company published today, its net profit has increased to Rs 14.68 crore from Rs 8.80 crore in the second quarter last fiscal year. Its operating profit has increased 50.58% in the same period.
Its borrowings and deposits have increased 25.31% and 44.89% respectively at Rs 2.19 arba and Rs 5.44 arba. Likewise, it has floated loans worth Rs 5.44 arba—an increase of 69%.
Its paid up capital stands at Rs 14 crore as of the end of second quarter FY 2073/74.
After its recently floated IPO, its paid up capital will reach Rs 20 crore.
Its EPS now stands at Rs 209.72, and net worth at Rs 454.21 per share.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
140,000.00 |
105,000.00 |
33.33% |
| Reserve and Surplus |
495,892.00 |
262,612.00 |
88.83% |
| Borrowings |
3,111,612.00 |
2,483,144.00 |
|
| Deposits |
2,196,812.00 |
1,516,193.00 |
44.89% |
| Loans and Advances |
5,444,080.00 |
3,220,024.00 |
69.07% |
| Net Interest Income |
327,448.00 |
213,393.00 |
53.45% |
| Provision |
10,332.00 |
4,830.00 |
113.91% |
| Write Back |
21,782.00 |
- |
|
| Operating Profit |
208,905.00 |
138,730.00 |
50.58% |
| Net Profit |
146,801.00 |
88,028.00 |
66.77% |
| Capital Adequacy Ratio |
12.16% |
10.94% |
- |
| NPL |
0.27% |
0.19% |
42.11% |
| Cost of Fund |
10.79% |
6.84% |
|
| EPS (Annualized) |
209.72 |
167.67 |
25.07% |
| Networth Per Share |
454.21 |
350.11 |
|
