November 17, 2022 | Investopaper
Forward Microfinance Laghubitta Bittiya Santha Limited (FOWAD) has reported a 63 percent drop in net profit in the first quarter of the current fiscal year 2079/80. The microfinance earned a profit of Rs. 3.03 crores. In the first quarter of the previous fiscal year, the net profit stood at Rs. 8.39 crores.
The decline in profit is due to the fall in the net interest income of the microfinance as well as increase in the provision for possible losses.
As of Ashwin’s end 2079 BS, Forward Microfinance Laghubitta has a paid-up capital of Rs. 84.44 crores and a total reserve of Rs. 189.21 crores. The company has floated the loans of Rs. 19.87 Arba, an increment of 12 percent from the corresponding period of the previous year.
The company reported an annualized Earning Per Share (EPS) of Rs. 14.39. Likewise, the per share networth stood at Rs. 324.07.
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The first-quarter report of Forward Microfinance is summarized in the table below:
Forward Microfinance Laghubitta (FOWAD): Q1 Report, FY 2079/80
|Financial Indicators||Q1, FY 2079/80||Q1, FY 2078/79||Percent Change|
|Paid up capital (Rs.’crores’)||84.44||62.55||35.00|
|Reserve and Surplus (Rs.’crores’)||189.21||134.82||40.34|
|Loans & Advances (Rs.’Arba’)||19.87||17.75||11.94|
|Net Interest Income (Rs.’crores’)||20.66||27.25||-24.18|
|Operating Profit (Rs.’crores’)||-4.85||13.18||–|
|Net Profit (Rs.’crores’)||3.03||8.39||-63.89|
|Non Performing Loans, NPL (%)||2.6||3.72||-30.11|
|Cost of funds (%)||11.36||9.07||25.25|
|Earnings Per Share, EPS (Rs.)||14.39|
|Networth Per Share ( Rs.)||324.07|
|Market Price Per Share (Rs.) [Ashwin’s end, 2079 BS]||2568|
Source: Unaudited Q1 Report, FY 2079/80
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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