Forward Microfinance Reports Slight Decline In Net Profit In Q1; Look At The Major Financial Highlights
Mon, Nov 15, 2021 9:00 AM on Company Analysis, Latest,
Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) published the first-quarter report of FY 2078/2079 with a decline in Net Profit by 6.15%. As per the report published by the company, the net profit declined to Rs. 8.39 crores as compared to Rs. 8.94 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 49.89% to Rs. 10.47 Arba which was Rs. 6.98 Arba in the corresponding quarter of the previous year. At the same time, deposits increased by 18.79% to Rs 7 arba.
The company’s loans and advances have also increased by 39.23% to 17.75 Arba till this quarter.
The net interest income (core revenue) has declined by 6.04% to Rs. 27.25 crores compared to Rs. 29.01 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 62.55 crores till this quarter and its reserve and surplus stood at Rs. 1.34 Arba which is an increment of 33% in this quarter.
The cost of funds increased to 9.07% from 8.52% in the corresponding quarter and the non-performing loans also increased to 3.72%.
Its annualized earnings per share (EPS) stand at Rs. 53.67. The net worth per share is Rs. 315.53. The company traded at a P/E multiple of 53.14 times.
Major Highlights:
|
Particulars |
Forward Microfinance Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q1, 2078/2079 |
Q1, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
625,519.00 |
500,415.00 |
25.00% |
|
Reserve & Surplus |
1,348,202.00 |
1,013,701.00 |
33.00% |
|
Borrowings |
10,471,209.00 |
6,985,743.00 |
49.89% |
|
Deposits |
7,005,808.00 |
5,897,681.00 |
18.79% |
|
Loans and Advances |
17,750,313.00 |
12,749,291.00 |
39.23% |
|
Net Interest Income |
272,598.00 |
290,124.00 |
-6.04% |
|
Provision for possible losses |
125,616.00 |
123,330.00 |
- |
|
Operating Profit |
131,880.00 |
140,528.00 |
- |
|
Net Profit |
83,924.00 |
89,427.00 |
-6.15% |
|
Capital Adequacy Ratio (%) |
10.56% |
11.17% |
- |
|
NPL (%) |
3.72% |
2.71% |
- |
|
Cost of Fund (%) |
9.07% |
8.52% |
- |
|
Annualized EPS (In Rs.) |
53.67 |
71.48 |
-24.92% |
|
Net Worth per share (In Rs.) |
315.53 |
302.57 |
4.28% |
|
P/E Ratio |
53.14 |
- |
- |
