Higher provisioning in Q2 leads to lower retention for Forward Microfinance; Annualized EPS stands at Rs 89.93
Tue, Feb 2, 2021 7:25 AM on Company Analysis, Latest,
Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) published the second-quarter report of FY 2077/2078 with 11.95% increment in Net Profit. As per the report published by the company, the net profit increased to Rs. 22.50 crores as compared to Rs. 20.09 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 52.72% to Rs. 8.77 Arba which was Rs. 5.74 Arba in the corresponding quarter of the previous year. The company’s loans and advances have also increased by 29.71% to 14.06 Arba in this quarter.
The net interest income (core revenue) has increased by 34.19% to Rs. 60.15 crores compared to Rs. 44.83 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 50.04 crores in this quarter and its reserve and surplus stood at Rs. 1.10 Arba which is an increase of 26.36% in this quarter.
Its annualized earnings per share (EPS) stands at Rs. 89.93. The new worth per share is Rs. 320.39. The company traded at a P/E multiple of 25.74 times.
Major Highlights:
|
Particulars |
Forward Microfinance Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
500,415.00 |
500,415.00 |
0.00% |
|
Reserve & Surplus |
1,102,840.00 |
872,801.00 |
26.36% |
|
Borrowings |
8,772,279.00 |
5,743,955.00 |
52.72% |
|
Deposits |
6,189,342.00 |
5,180,797.00 |
19.47% |
|
Loans & Advances |
14,067,921.00 |
10,846,040.00 |
29.71% |
|
Net Interest Income |
601,564.00 |
448,303.00 |
34.19% |
|
Provision for possible Losses |
256,446.00 |
59,373.00 |
- |
|
Write Back of Provision |
0.00 |
0.00 |
- |
|
Net Profit |
225,015.00 |
200,992.00 |
11.95% |
|
Capital Adequacy (%) |
10.97% |
12.01% |
- |
|
NPL (%) |
4.96% |
0.77% |
- |
|
Cost of fund (%) |
7.86% |
10.06% |
- |
|
EPS (Rs.) |
89.93 |
80.33 |
- |
|
Net worth per share (Rs.) |
320.39 |
274.42 |
- |
|
Qtr end PE ratio (Times) |
25.74 |
- |
- |
|
Qtr End Market Price |
2315 |
- |
- |
