Hathway Finance has published its first quarter report of FY2075/76. It has reported declined in net profit by 26%.
As per the published report, the finance company has reported declined in net profit to Rs.37.76 lakh in this Q1 from Rs.50.94 lakh in the corresponding quarter of last fiscal year 2074/75.
It has deposit collection of Rs. 30.58 crore and extended in loan & advances of Rs 33.50 crore. Deposit collection grown by 302.07% & loan expansion increased by 647.07%.
Its net interest income decreased to Rs 72.70 crore from Rs.2.29 crore in the last corresponding quarter. It has operating profit of Rs. 41.54 lakh in Q1 from the loss of Rs.2.47 crroe.
The company is able to reduce operating expanses & able to improve write back provision of possible losses as NPL reduce to 2.57% from 31.89% in same period of last year.
Its paid up capital is Rs.30 crore with negative reserves fund of Rs.7.01 crore.
Annualized earning per share is Rs.5.03, net worth per share is Rs.69.24 and PE ratio stands at 23.83 times.
