Know about Forward Community Q2 result: EPS highest in the microfinance industry with 6.66% rise in net profit
Tue, Feb 5, 2019 8:15 AM on Financial Analysis, Latest, Stock Market,
Forward Community Microfinance Bittiya Sanstha Limited (FOWAD) had published the unaudited second quarter report for FY 75/76. The company posted meager 6.66% increase in the net profit compared to the corresponding quarter of the previous year.
The microfinance profit has increased from Rs 14.54 crore in the second quarter of the fiscal year 2074/75 to Rs 15.51 crore in the second quarter of the fiscal year 2075/76.
The operating profits currently stand at Rs 24.37 crore which rises by 6.66% in Q2 and its net interest income rises by 21.85% to Rs 37.84 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 25% and currently stand at Rs 88.23 Crore. The deposits of the company have increased by 30.50% while the loans have increased by 33.53%. The NPL of the company, that was previously 0.67%, is at 0.66% till the second quarter.
The annualized EPS stands at outstanding Rs.103.36 while the net worth per share stands at Rs.393.96.
Its PE stands at 14.31 times.
Major Highlights:
Particulars (In Rs '000) |
Forward Community Microfinance |
||
---|---|---|---|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
Paid Up Capital |
300,165.70 |
200,000.00 |
50.08% |
Reserve & Surplus |
882,356.11 |
702,908.94 |
25.53% |
Deposits |
3,616,754.82 |
2,771,394.71 |
30.50% |
Borrowings |
4,310,941.32 |
3,633,205.56 |
18.65% |
Loans & Advances |
8,676,953.70 |
6,498,293.45 |
33.53% |
Net Interest Income |
378,473.39 |
310,596.10 |
21.85% |
Provision for possible losses |
34,072.24 |
2,491.11 |
1267.75% |
Operating Profit |
243,777.25 |
228,563.32 |
6.66% |
Net Profit |
155,130.98 |
145,449.38 |
6.66% |
Capital Adequacy (%) |
13.04 |
12.98 |
0.46% |
NPL (%) |
0.66 |
0.67 |
-1.49% |
Annualized EPS (In Rs.) |
103.36 |
145.45 |
-28.94% |
Net Worth per Share (In Rs.) |
393.96 |
451.45 |
-12.74% |
PE Ratio (times) |
14.31 |
- |
- |