Hathway Finance has reported increased in net profit by 287 percent in the fourth quarter of this fiscal year 2074/75.
As per the published report, the finance has reported increased in net profit to Rs.5.66 crore in this Q4 from Rs.1.46 crore in the corresponding quarter of last fiscal year 2073/74.
The finance has collected deposit of Rs.30.50 crore & floated in loan & advances of Rs.28.29 crore.
Net interest income has surged to Rs.3.38 crore from Rs.32.22 lakh in the last corresponding quarter. It has operating loss of Rs.1.81 crore in the Q4.
Hathway finance is able to write back Rs.8.04 crore from the provision for possible losses.
Its paid up capital is Rs.30 crore with negative reserve balance of Rs.7.92 crore.
Its non performing loan stands at 4.37 percent from 8.39 percent from the last year.
Annualized earning per share is Rs.14.17 & net worth per share is Rs.66.91. PE ratio stands at 8.89 times.
