Forward Microfinance Reports Impressive Growth In Major Profitability Indicators And Business Volume In Q3
Wed, May 11, 2022 11:54 AM on Company Analysis, Latest,
Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) published the third-quarter report of FY 2078/2079 with an increase in Net Profit by 96.13%. As per the report published by the company, the net profit increased to Rs. 70.91 crores as compared to Rs. 36.15 crores in the corresponding quarter of the previous year.
The borrowings of the company increased by 15.95% to Rs. 10.14 Arba which was Rs. 8.75 Arba in the corresponding quarter of the previous year. At the same time, deposits increased by 19.15% to Rs 7.68 arba.
The company’s loans and advances have also increased by 30.80% to 20.05 Arba till this quarter.
The net interest income (core revenue) has increased by 30.29% to Rs. 1.11 Arba compared to Rs. 85.31 crores in the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 84.44 crores till this quarter and its reserve and surplus stood at Rs. 1.73 Arba which is an increment of 64.46% in this quarter.
The cost of funds increased to 8.70% from 8.08% in the corresponding quarter and the non-performing loans declined to 1.86%.
Its annualized earnings per share (EPS) stand at Rs. 111.97. The net worth per share is Rs. 305.22. The company traded at a P/E multiple of 19.87 times.
Major Highlights:
|
Particulars |
Forward Microfinance Laghubitta Bittiya Sanstha Limited |
||
|---|---|---|---|
|
Q3, 2078/2079 |
Q3, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
844,451.00 |
625,519.00 |
35.00% |
|
Reserve & Surplus |
1,732,960.00 |
1,053,699.00 |
64.46% |
|
Deposits |
7,684,125.00 |
6,449,256.00 |
19.15% |
|
Borrowings |
10,147,521.00 |
8,751,623.00 |
15.95% |
|
Loans and Advances |
20,054,153.00 |
15,331,637.00 |
30.80% |
|
Net Interest Income |
1,111,574.00 |
853,148.00 |
30.29% |
|
Provision for possible losses |
0.00 |
283,760.00 |
- |
|
Operating Profit |
1,049,013.00 |
851,916.00 |
23.14% |
|
Write Back of provision for possible losses |
65,331.00 |
0.00 |
- |
|
Net Profit |
709,128.00 |
361,554.00 |
96.13% |
|
Capital Adequacy Ratio |
12.59% |
10.76% |
- |
|
NPL (%) |
1.86% |
2.79% |
- |
|
Cost of Fund (%) |
8.70% |
8.08% |
- |
|
Annualized EPS (In Rs.) |
111.97 |
77.07 |
45.28% |
|
Net Worth per share (In Rs.) |
305.22 |
268.45 |
13.70% |
|
Price to Earnings Ratio (times) |
19.87 |
- |
- |
