Aug Fri 2019 07:18:24
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Forward Community Microfinance Bittiya Sanstha Limited (FOWAD)has published the unaudited fourth quarter report for FY 75/76. The company posted 15.07% rise in the net profit compared to the corresponding quarter of the previous year.
The micro finance profit has increased from Rs 26.97 crore in the fourth quarter of the fiscal year 2074/75 to Rs 31.04 crore in the fourth quarter of the fiscal year 2075/76.
The operating profits currently stand at Rs 48.68 crore which rises by 14.58% till Q4 and its net interest income rises by 17.72% to Rs 75.20 crore.
The paid up capital of the company stands at Rs 37.76 crore and the reserves currently stand at Rs 88 crore. The deposits of the company have increased by 28.99% to Rs 4.62 arba while the loans and advances have increased by 31.13% to Rs 10.06 arba. The NPL of the company, that was previously 0.39%, is at 0.47% till the fourth quarter.
The EPS stands at Rs 82.19 while the net worth per share stands at massive Rs 333.03. Its quarter end PE stands at 18.62 times.
Major Highlights:
Particulars (In Rs '000) | Forward Community Microfinance | ||
---|---|---|---|
Q4 2075/76 | Q4 2074/75 | Difference | |
Paid Up Capital | 377,672.00 | 375,207.00 | 0.66% |
Reserve & Surplus | 880,092.00 | 631,019.00 | 39.47% |
Borrowings | 5,015,454.00 | 3,803,455.00 | 31.87% |
Deposits | 4,621,659.00 | 3,582,941.00 | 28.99% |
Loans & Advances | 10,068,968.00 | 7,678,457.00 | 31.13% |
Net Interest Income | 752,078.00 | 638,863.00 | 17.72% |
Staff Expenses | 293,413.00 | 236,093.00 | 24.28% |
Provision for possible losses | 49,324.00 | 25,476.00 | - |
Operating Profit | 486,887.00 | 424,918.00 | 14.58% |
Net Profit | 310,412.00 | 269,766.00 | 15.07% |
Capital Adequacy (%) | 12.29 | 13.09 | -6.11% |
NPL (%) | 0.47 | 0.39 | 20.51% |
Cost of Fund (%) | 9.74 | 9.99 | -2.50% |
EPS (In Rs.) | 82.19 | 71.90 | 14.32% |
Net Worth per Share (In Rs.) | 333.03 | 268.18 | 24.18% |
PE Ratio (times) | 18.62 | - | - |