Forward Laghubitta Reports 96 Percent Rise In Profit | Annualized EPS At Rs.111.15 [Q3 Report]
May 11, 2022 | Investopaper
Forward Community Laghubitta Bittiya Sanstha Limited (FOWAD) has published the unaudited third-quarterly report of the current fiscal year 2078/79. The unaudited report shows a rise in profit as compared to the third quarter of the previous year.
As per the report, the microfinance has earned a net profit of Rs. 70.91 crores in the nine months period. The profit has increased by 96 percent. Last year, the profit stood at Rs. 36.15 crores in the same period.
As of Chaitra’s end 2078 BS, Forward Community Laghubitta has Rs. 84.44 crores in capital and Rs. 173.25 crores in reserve and surplus. The microfinance has floated the loans and advances of Rs. 20.05 Arba until the third quarter of this fiscal year.
The annualized Earnings per share (EPS) stands Rs. 111.97. The per-share networth is at Rs. 305.22. Likewise, the Non-Performing Loans (NPL) stands at 1.86 percent. Similarly, the cost of funds has inclined to 8.70 percent.
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Dividend History Of Forward Microfinance Laghubitta (FOWAD)
Forward Microfinance Laghubitta’s Q2 Report
Look into the table below to compare the performance of Forward Community Laghubitta in the third quarter of two fiscal years.
Forward Community Laghubitta: Financial Highlights, Q3, 2078/79
| Financial Indicators | Q3, F.Y. 2078/79 | Q3, F.Y. 2077/78 | Percent Change |
| Paid up capital (Rs. ’crores’) | 84.44 | 62.55 | 35.00 |
| Reserve and Surplus (Rs.’ crores’) | 173.29 | 105.36 | 64.47 |
| Borrowings (Rs.’Arba’) | 10.14 | 8.75 | 15.89 |
| Deposits (Rs.’Arba’) | 7.68 | 6.44 | 19.25 |
| Loans & Advances (Rs.’Arba’) | 20.05 | 15.33 | 30.79 |
| Net Interest Income (Rs. ’crores’) | 111.15 | 85.31 | 30.29 |
| Operating Profit (Rs. ‘crores’) | 104.9 | 56.81 | 84.65 |
| Net Profit (Rs. ’crores’) | 70.91 | 36.15 | 96.15 |
| Non Performing Loans, NPL (%) | 1.86 | 2.79 | -33.33 |
| Cost of Funds (%) | 8.7 | 8.08 | 7.67 |
| Earnings Per Share, EPS (Rs.) | 111.97 | ||
| Net-worth Per Share ( Rs.) | 305.22 | ||
| Market Price Per Share (Rs.) [Chaitra end, 2078 BS] | 2225 | ||
| P/E Ratio | 19.87 |
Source: Unaudited Q3 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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