Forward Microfinance posted 18.57% net profit growth in Q1 report; EPS and networth per share stands Rs 107.18 and Rs 372.83 respectively
Mon, Nov 12, 2018 11:09 AM on Financial Analysis, Latest, Stock Market,
Forward Community Microfinance Bittiya Sanstha Limited had published the unaudited first quarter report for FY 75/76. The company posted 18.57% increase in the profits compared to the corresponding quarter of the previous year. The operating profits currently stand at Rs.12.63 Crore while the net profits stand at Rs.8.04 Crore.
The paid up capital of the company has increased by 50% and currently stands at Rs.30.01 Crore. The reserves of the company are up by more than 22% and currently stand at Rs.81.89 Crore. The deposits of the company has increased by 19.6% while the loans have increased by 28.8%. The NPL of the company, that was previously 0.49%, is at 0.61% for the first quarter.
The company posted net interest income of Rs.18.08 Crore marking a growth of almost 16% compared to the corresponding quarter. The annualized EPS stands at Rs.107.18 while the net worth per share stands at Rs.372.83.
Highlights
|
Particulars (In Rs '000) |
Q1 75/76 |
Q1 74/75 |
Difference |
|---|---|---|---|
|
Paid Up Capital |
300,165.70 |
200,000.00 |
50.08% |
|
Reserves and Surplus |
818,935.77 |
667,616.41 |
22.67% |
|
Deposits |
3,394,455.73 |
2,838,343.63 |
19.59% |
|
Borrowings |
4,106,146.68 |
3,727,053.45 |
10.17% |
|
Loans and Advances |
8,112,272.42 |
6,299,484.51 |
28.78% |
|
Net Interest Income |
180,857.20 |
156,063.19 |
15.89% |
|
Provision for possible losses |
5,537.07 |
6,934.76 |
-20.15% |
|
Operating Profit |
126,386.85 |
106,595.11 |
18.57% |
|
Net Profit |
80,428.00 |
67,833.25 |
18.57% |
|
NPL (%) |
0.61% |
0.49% |
24.49% |
|
EPS (In Rs) |
107.18 |
135.68 |
-21.01% |
|
Net Worth Per Share (In Rs) |
372.83 |
433.81 |
-14.06% |
