Forwad Community Microfinance Bittiya Sanstha Limited has posted surge in net profit by 4.13% in the third quarter of fiscal year 2074/75.
Forwad Community Microfinance has reported raise in net profit to Rs. 21.31 crore in the Q3 from Rs, 20.46 crore in the corresponding quarter of last year.
It has borrowings of Rs. 3.41arba & deposit collection of Rs.2.97 arba. It has disbursed in loan & advance of Rs.7.21 arba.
Its net interest income declined to Rs. 46.31 crore from Rs. 48.79 crore in the last year. Likewise, operating profit has increased to Rs.33.49crore from Rs. 29.98 crore in the last year’s Q3. Operating profit increased by 11.69%.
Its paid up capital is Rs. 30.01 crore with reserve of Rs.67.05 crore. Reserve is more than double of its paid up capital.
Non-performing loan (NPL) increased to 0.71% from 0.29 in the corresponding quarter of last year. Cost of fund stands at 10% CD ratio at 246%.
Annualized earning per share is Rs.94.67 & net worth per share is Rs. 323.41. PE ratio stands at 19.8 times.
