Forward Laghubitta Posts Rs 84.53 Crores In Net Profit [Q4 Report]

August 16, 2022 | Investopaper

Forward Community Laghubitta (FOWAD) has reported a net profit of Rs 84.53 crores in the fiscal year 2078/79. Based on the unaudited fourth quarterly report, the profit has grown by 65 percent from the previous fiscal year. In the fiscal year 2077/78, FOWAD earned Rs 51.03 crores in profit. The rise in profit is due to the writeback of provision for possible losses.

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Major Financial Indicators of Forward Laghubitta (FOWAD) , FY 2078/79

Paid up capital: Rs 84.44 crores

Reserve and Surplus: Rs 184.79 crores

Borrowings: Rs 10.08 Arba

Deposits: Rs 7.95 Arba

Loans & Advances: Rs 19.81 Arba

Net Interest Income: Rs 136.11 crores

Operating Profit: Rs 120 crores

Net Profit: Rs 84.53 crores

Non Performing Loans (NPL): 1.83 percent

Cost of Funds: 9.65 percent

Earnings Per Share: Rs 100.11

Networth Per Share: Rs 308.8

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

Forward Laghubitta (FOWAD): Report Summary, FY 2078/79


Financial Indicators	FY 2078/79	FY 2077/78	Percent Change
Paid up capital (Rs.’crores’)	84.44	84.44	0.00
Reserve and Surplus (Rs.’crores’)	184.79	107.24	72.31
Borrowings (Rs.’Arba’)	10.08	8.63	16.80
Deposits (Rs.’Arba’)	7.95	6.63	19.91
Loans & Advances (Rs.’Arba’)	19.81	15.48	27.97
Net Interest Income (Rs.’crores’)	136.11	125.05	8.84
Operating Profit (Rs.’crores’)	120	80.28	49.48
Net Profit (Rs.’crores’)	84.53	51.03	65.65
Non Performing Loans, NPL (%)	1.83	3.67	-50.14
Cost of Funds (%)	9.65	7.06	36.69
Earnings Per Share, EPS (Rs.)	100.11
Networth Per Share ( Rs.)	308.8
Market Price Per Share (Rs.) [Ashad end, 2079 BS]	2,385.00
P/E Ratio	23.85

Source: Unaudited Q4 Report, FY 2078/79

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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