Forward Community Microfinance Bittiya Sanstha has published First quarter report of Fiscal Year 2076/77. Net profit surged by 4.17% in the comparing period.
As per the published report, the microfinance company has reported surge in net profit to Rs.8.37 crore in this Q1 of Fiscal year 2076/77 from Rs.8.04 crore in the same period of fiscal year 2075/76.
It has borrowed Rs 5.26 arba and collected deposit of Rs.4.87 arba in this period. It had floated loan & advances of Rs. 10.11 arba in this first quarter which was Rs.8.11 arba in Q1 of FY 2075/76.
Its net interest income increased to Rs.22.18 crore in Q1 from Rs 18.08 crore in the last corresponding quarter of FY 2075/76.
Likewise, Operating profit increased to Rs.13.15 crore from the operating profit of Rs.12.63 crore in the FY 2074/75
Its paid up capital is Rs.37.76 crore with reserves of Rs.30.0 crore.
Its non performing loan (NPL) increased to 0.82% from 0.61%. Cost of fund stands at 12.09% and capital adequacy at 13.10%.
Annualized earning per share (EPS) stands at Rs 88.73, Net worth per share at Rs.352.74 and PE ratio at 14.93 times.
