Forward Community Laghubitta Posts Rs 57.46 Crores In Net Profit [Q4 Report]

August 5, 2021 | Investopaper

Forward Community Laghubitta (FOWAD) has reported a net profit of Rs 57.46 crores in the fiscal year 2077/78. Based on the unaudited fourth quarter report, the profit has grown by 180 percent from the previous fiscal year. In the fiscal year 2076/77, FOWAD earned Rs 20.46 crores in profit. The rise in profit is due to the increase in the net interest income by 69 percent.


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Major Financial Indicators of Forward Community Laghubitta (FOWAD) , FY 2077/78

Paid up capital: Rs 62.55 crores

Reserve and Surplus: Rs 126.67 crores

Borrowings: Rs 8.63 Arba

Deposits: Rs 6.65 Arba

Loans & Advances: Rs 15.56 Arba

Net Interest Income: Rs 127.41 crores

Operating Profit: Rs 90.29 crores

Net Profit: Rs 57.46 crores

Non Performing Loans (NPL): 3.67 percent

Cost of Funds: 7.06 percent

Earnings Per Share: Rs 91.87

Networth Per Share: Rs 302.52


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The fourth quarter report of Forward Community is also summarized in the table below:

Forward Community Laghubitta Fourth Quarter Report Summary, FY 2077/78

Financial Indicators Q4, FY 2077/78 Q4, 2076/77 Percent Change
Paid up capital (Rs.’crores’) 62.55 62.55 0.00
Reserve and Surplus (Rs.’crores’) 126.67 80.91 56.56
Borrowings (Rs.’Arba’) 8.63 5.95 45.04
Deposits (Rs.’Arba’) 6.65 5.6 18.75
Loans & Advances (Rs.’Arba’) 15.56 11.6 34.14
Net Interest Income (Rs.’crores’) 127.41 75.18 69.47
Operating Profit (Rs.’crores’) 90.29 32.23 180.14
Net Profit (Rs.’crores’) 57.46 20.46 180.84
Non Performing Loans, NPL (%) 3.67 4.67 -21.41
Cost of Funds (%) 7.06 10.01 -29.47
Earnings Per Share, EPS (Rs.) 91.87
Networth Per Share ( Rs.) 302.52
Market Price Per Share (Rs.) [Ashad end, 2078 BS] 2,770
P/E Ratio 30.15

Note:

The above figures are based on the un-audited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.

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