Forward Community Microfinance Bittiya Sanstha Limited (FOWAD) has reported 10.25% growth in its net profit in the first quarter of the FY 2074/75.
As per the unaudited quarterly report, its net profit has increased to Rs 6.78 crore, up from Rs 6.15 crore in the same period last year.
Its borrowings have increased from Rs 2.98 arba to Rs 3.72 arba and deposits have increased to Rs 2.83 arba from Rs 1.99 arba. Its floated loans have also increased to Rs 6.29 arba from Rs 4.85 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 by 59.40% to Rs 66.76 crore.
As of Q1, its annualized EPS stands at Rs 135.67 with net worth per share of Rs 433.81 and P/E ratio at 27.06 times.
Major Highlights:
| Particulars (In Rs '000) |
FOWAD |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
200,000 |
140,000 |
42.86% |
| Reserve & Surplus |
667,616 |
418,822 |
59.40% |
| Deposits |
2,838,344 |
1,996,252 |
42.18% |
| Borrowings |
3,727,053 |
2,989,203 |
24.68% |
| Loans & Advances |
6,299,485 |
4,852,077 |
29.83% |
| Net Interest Income |
1,566,063 |
148,020 |
958.01% |
| Provision for possible losses |
6,935 |
10,399 |
-33.31% |
| Operating Profit |
106,595 |
96,688 |
10.25% |
| Net Profit |
67,833 |
61,529 |
10.25% |
| NPL (%) |
0.49 |
0.28 |
75.00% |
| Annualized EPS (In Rs.) |
135.67 |
175.80 |
-22.83% |
| Net Worth per Share (In Rs.) |
433.81 |
399.16 |
8.68% |
| P/E Ratio (In times) |
27.06 |
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Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS) has stated shrinks in net profit 28.57% in the first quarter (Q1) of fiscal year 2074/75.
As per the unaudited report published today, the net profit of the company shrink to Rs 47.73 lakh in Q1 from Rs 66.82 lakh in the corresponding quarter of the previous fiscal year 2073/74.
The microfinance institution’s borrowing remains to be Rs 44.30 crore and has collected Rs 28.42 crore in deposits.
Likewise, it has extended loans and advances of Rs 66.53 crore in Q1 of FY 2074/75 whereas in the same period last year the figure stood at Rs. 52.51 crore.
SLBS has a paid up capital of Rs 4.76 crore (including 19% bonus share from the net profit of FY 2073/74) and has Rs 3.81 crore in reserve and surplus. Its non- performing loan (NPL) decreased to 0.89% in the first quarter of the FY 2074/75.
SLBS’s earning per share (EPS) stands at Rs 40.11 in Q4. Its net worth per share stands at Rs 180.09 and P/E ratio is 23.66 times.
Major Highlights:
| Particulars (In Rs '000) |
SLBS |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
47,600 |
28,000 |
70.00% |
| Reserve & Surplus |
38,123 |
24,056 |
58.48% |
| Deposits |
284,239 |
158,859 |
78.93% |
| Borrowings |
443,074 |
364,170 |
21.67% |
| Loans & Advances |
665,396 |
525,106 |
26.72% |
| Net Interest Income |
14,732 |
16,449 |
-10.44% |
| Provision for possible losses |
930 |
1,513 |
-38.53% |
| Operating Profit |
7,501 |
10,501 |
-28.57% |
| Net Profit |
4,773 |
6,682 |
-28.57% |
| NPL (%) |
0.89 |
0.1 |
790.00% |
| Annualized EPS (In Rs.) |
40.11 |
95.46 |
-57.98% |
| Net Worth per Share (In Rs.) |
180.09 |
185.91 |
-3.13% |
| P/E Ratio (In times) |
23.66 |
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