Strong Core Business Revenue and Write Back Results Impressive 65.65% Profit Growth of Forward Microfinance in Q1; EPS Stands at Massive Rs 100.11
Sat, Aug 6, 2022 4:44 AM on Financial Analysis, Latest,
Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) published the fourth-quarter report of FY 2078/2079 with outstanding growth of 65.65% in Net Profit. As per the report published by the company, the net profit increased to Rs. 84.53 crore as compared to Rs. 51.03 crore in the corresponding quarter of the previous year.
The borrowings of the company increased by 16.82% to Rs. 10.08 Arba which was Rs. 18.63 Arba in the corresponding quarter of the previous year. The deposits of the company increased by 19.87% to Rs 7.95 arba. The company’s loans and advances have also increased by a satisfactory 27.96% to 19.81 Arba in this quarter.
The net interest income (core revenue) has increased by 8.85% to Rs. 1.36 arba compared to Rs. 1.25 arba in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 84.44 crores in this quarter and its reserve and surplus stood at Rs. 1.84 arba which is an increase of 72.31% in this quarter.
The company NPL declined to 1.83% from 3.67%.
Its earnings per share (EPS) stand at Rs. 100.11. The net worth per share is Rs. 318.83. The company traded at a P/E multiple of 23.82 times.
Major Highlights:
|
Forward Microfinance | |||
| Q4 2078/79 | Q4 2077/78 | Difference | ||
| Paid Up Capital | 844,451 | 844,451 | 0.00% | |
| Reserve & Surplus | 1,847,932 | 1,072,424 | 72.31% | |
| Borrowings | 10,088,374 | 8,635,979 | 16.82% | |
| Deposits | 7,959,101 | 6,639,733 | 19.87% | |
| Loans & Advances | 19,811,479 | 15,482,292 | 27.96% | |
| Net Interest Income | 1,361,181 | 1,250,508 | 8.85% | |
| Staff Expenses | 440,035 | 343,346 | 28.16% | |
| Provision for possible losses | 0 | 364,583 | -100.00% | |
| Operating Profit | 1,200,299 | 802,843 | 49.51% | |
| Write Back | 141,567 | 0 | - | |
| Net Profit | 845,376 | 510,335 | 65.65% | |
| Capital Adequacy (%) | 12.97 | 11.52 | 12.59% | |
| NPL (%) | 1.83 | 3.67 | - | |
| Cost of Fund (%) | 9.65 | 7.06 | 36.69% | |
| EPS (In Rs.) | 100.11 | 60.43 | 65.65% | |
| Net Worth per Share (In Rs.) | 318.83 | 227 | 40.46% | |
| Qtr end PE Ratio (times) | 23.82 | - | - | |
| Qtr End Market Price | 2385 | - | - | |
