Forward Microfinance earns Rs 23.58 crore with EPS of Rs 83.27 till Q3; NPL stands at 0.76
Sun, May 12, 2019 6:38 AM on Financial Analysis, Latest, Stock Market,
Forward Community Microfinance Bittiya Sanstha Limited (FOWAD) has published the unaudited third quarter report for FY 75/76. The company posted meager 10.67% increase in the net profit compared to the corresponding quarter of the previous year.
The microfinance profit has increased from Rs 21.31 crore in the third quarter of the fiscal year 2074/75 to Rs 23.58 crore in the third quarter of the fiscal year 2075/76.
The operating profits currently stand at Rs 36.99 crore which rises by 10.46% till Q3 and its net interest income rises by 27.59% to Rs 59.08 crore.
The paid up capital of the company stands at Rs 37.76 crore and the reserves currently stand at Rs 80.55 crore. The deposits of the company have increased by 22.97% while the loans have increased by 31.91%. The NPL of the company, that was previously 0.71%, is at 0.76% till the third quarter.
The annualized EPS stands at Rs 83.27 while the net worth per share stands at Rs 313.29.
Its quarter end PE stands at 18.95 times.
Major Highlights:
|
Particulars (In Rs '000) |
Forward Community Microfinance |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital |
377,672.00 |
300,166.00 |
25.82% |
|
Reserve & Surplus |
805,555.00 |
670,589.00 |
20.13% |
|
Deposits |
4,334,071.00 |
3,524,459.00 |
22.97% |
|
Borrowings |
4,770,372.00 |
3,524,459.00 |
35.35% |
|
Loans & Advances |
9,520,004.00 |
7,217,274.00 |
31.91% |
|
Net Interest Income |
590,889.00 |
463,106.00 |
27.59% |
|
Staff Expenses |
209,460.00 |
154,659.00 |
35.43% |
|
Provision for possible losses |
75,410.00 |
20,700.00 |
- |
|
Operating Profit |
369,961.00 |
334,918.00 |
10.46% |
|
Net Profit |
235,874.00 |
213,130.00 |
10.67% |
|
Capital Adequacy (%) |
12.06 |
12.96 |
-6.94% |
|
NPL (%) |
0.76 |
0.71 |
7.04% |
|
Cost of Fund (%) |
9.53 |
10.00 |
-4.70% |
|
Annualized EPS (In Rs.) |
83.27 |
94.67 |
-12.04% |
|
Net Worth per Share (In Rs.) |
313.29 |
323.41 |
-3.13% |
|
Qtr End PE Ratio (times) |
18.95 |
- |
- |
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