Forward Community Microfinance Bittiya Sanstha Limited (FOWAD) has stated meager fall in net profit by 0.92 percent in the second quarter (Q2) of the current fiscal year 2074/75.
Publishing the unaudited financial report for the second quarter today, the microfinance company stated that its net profit falls to Rs 14.54 crore in the Q2 of current fiscal year 2074/75, down from Rs 14.68 crore in the corresponding period of the previous fiscal year 2073/74.
Its net interest income has also fallen from Rs 32.74 crore in corresponding quarter to Rs 31.05 crore in the second quarter.
Its paid up capital remains at Rs 20 crore with reserve of Rs 70.29 crore in Q2. Its paid up capital will reach to Rs 30 crore after distribution of 50% bonus shares from the net profit of FY 2073/74.
The company has borrowings of Rs 3.63 arba in the second quarter, up from Rs 3.11 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 6.49 arba in Q2 whereas in the same period last year the figure stood at Rs 5.44 arba.
Its non-performing loan (NPL) has increased to 0.67% in Q2 from 0.27% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 145.45 and net worth per share at Rs 451.45.
Major Highlights:
| Particulars (In Rs '000) |
FOWAD |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
200,000 |
140,000 |
42.86% |
| Reserve & Surplus |
702,908 |
495,891 |
41.75% |
| Deposits |
2,771,394 |
2,196,811 |
26.16% |
| Borrowings |
3,633,205 |
3,111,612 |
16.76% |
| Loans & Advances |
6,498,293 |
5,444,080 |
19.36% |
| Net Interest Income |
310,596 |
327,448 |
-5.15% |
| Provision for possible losses |
2,491 |
10,332 |
-75.89% |
| Operating Profit |
228,563 |
208,905 |
9.41% |
| Net Profit |
145,449 |
146,800 |
-0.92% |
| NPL (%) |
0.67 |
0.27 |
148.15% |
| Annualized EPS (In Rs.) |
145.45 |
209.71 |
-30.64% |
| Net Worth per Share (In Rs.) |
451.45 |
454.21 |
-0.61% |
| P/E Ratio (In times) |
- |
|
|
Nepal Grameen Bikas Bank Limited (NGBBL) has posted median fall in net profit by 45.68 percent in the second quarter (Q2) of the current fiscal year 2074/75.
Publishing the unaudited financial report for the second quarter today, the microfinance company stated that its net profit falls to Rs 9.79 crore in the Q2 of current fiscal year 2074/75, down from Rs 18.03 crore in the corresponding period of the previous fiscal year 2073/74.
Its net interest income has also fallen from Rs 50.07 crore in corresponding quarter to Rs 40.35 crore in the second quarter.
Its paid up capital remains at Rs 65.50 crore with reserve of Rs 23.81 crore in Q2.
The company has borrowings of Rs 4.83 arba in the second quarter, up from Rs 4.39 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 8.12 arba in Q2 whereas in the same period last year the figure stood at Rs 7.11 arba.
Its non-performing loan (NPL) has increased to 4.49% in Q2 from 4.29% in the previous year report.
Its annualized earning per share (EPS) stands at Rs 29.91, net worth per share at Rs 136.60 and the P/E ratio at 22.27 times.
Major Highlights:
| Particulars (In Rs '000) |
NGBBL |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
655,000 |
557,500 |
17.49% |
| Reserve & Surplus |
238,140 |
192,376 |
23.79% |
| Deposits |
5,484,097 |
2,026,942 |
170.56% |
| Borrowings |
4,835,142 |
4,399,880 |
9.89% |
| Loans & Advances |
8,124,592 |
7,116,352 |
14.17% |
| Net Interest Income |
403,537 |
500,769 |
-19.42% |
| Provision for possible losses |
47,362 |
42,350 |
11.83% |
| Operating Profit |
153,835 |
283,043 |
-45.65% |
| Net Profit |
97,955 |
180,345 |
-45.68% |
| NPL (%) |
4.49 |
4.29 |
4.66% |
| Annualized EPS (In Rs.) |
29.91 |
64.70 |
-53.77% |
| Net Worth per Share (In Rs.) |
136.36 |
134.51 |
1.38% |
| P/E Ratio (In times) |
22.27 |
|
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