Forward Community Microfinance publishes a lucrative Q3 report ; Per Share Earning of Rs 94.67

One of the fundamentally sound company, Forward Microfinance has published the report for 3rd quarter of the fiscal year 2074/75.

As per the report, the company has earned a net profit of Rs 21.31 crores till the end of 3rd quarter. The net profit was Rs 20.46 crores in the corresponding quarter of the previous fiscal year. This accounts for a meager growth of 4.13%. FOWAD now has an eps of Rs 94.67

A decent growth is seen both in the interest income and interest expense of the company. Due to dominance of Interest expense growth, net interest income has dipped by 5.10% to Rs 46.31 crores. 

Company’s operating profit has surged by 11.69% to Rs 33.49 crores.

Deposit collection has increased to Rs 2.97arba, from Rs 2.39 arba last year. Similarly, Company's lending has increased by 19.30% to Rs 7.21 arba.

The company currently has a paid up capital of Rs 30.01 crores and a reserve of Rs 67.05 crores. 

Key Ratios:

EPS                : Rs 94.67
Networth         : Rs 323.41
P/E Ratio        :  19.8 times

P/B Ratio        : 5.79 times

NPL                 : 0.71%