Hathway Finance reports 25% drop in the net profit in Q1; Srijana Finance publishes improved financial report
Wed, Oct 31, 2018 7:53 AM on Financial Analysis, Latest, Stock Market,
Hathway Finance Company Limited (HATH) has reported fall in net profit at Rs 37.76 lakh along with decreased EPS at Rs 5.03 for the first quarter of the current fiscal year 2075/76.
Unaudited financial report of Hathway Finance circulated today; has stated that net profit has decreased to Rs 37.76 lakh in first quarter of fiscal year 2075/76 from Rs 50.94 lakh reported in the corresponding quarter of the previous fiscal year 2074/75.
It’s extended loans of Rs 33.50 crore from Rs 4.48 crore in the corresponding quarter. Its deposits collection has increased to Rs 30.58 crore in the first quarter of the fiscal year 2075/76. It has paid up capital of Rs 30 crore with diminished reserve at Rs 7.01 crore in Q1.
Net Interest income is the primary source of income for finance company. HATH’s net interest income has fallen from Rs 2.29 crore in the corresponding quarter last year to Rs 72.70 lakh in the first quarter of fiscal year 2075/76.
The finance company’s non-performing loan (NPL) has reduced to 2.57 percent in the first quarter. Currently, Net worth per share stands at Rs 76.62 and P/E ratio at 23.83 times.
Major Highlights
|
Particulars (In Rs '000) |
HATH |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
300,000 |
150,000 |
100.00% |
|
Reserve & Surplus |
-70,132 |
-132,633 |
-47.12% |
|
Deposits |
305,807 |
76,058 |
302.07% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
335,044 |
44,848 |
647.07% |
|
Net Interest Income |
7,270 |
22,918 |
-68.28% |
|
Provision for possible losses |
350 |
- |
- |
|
Operating Profit |
4,154 |
-24,704 |
-116.82% |
|
Net Profit |
3,776 |
5,094 |
-25.87% |
|
NPL (%) |
2.57 |
31.89 |
-91.94% |
|
Annualized EPS (In Rs.) |
5.03 |
13.58 |
-62.94% |
|
Net Worth per Share (In Rs.) |
76.62 |
11.58 |
561.80% |
|
P/E Ratio (In times) |
23.83 |
|
|
Srijana Finance Limited (SFFIL) has registered profit of Rs 46.99 lakh in the first quarter (Q1) of the current fiscal year 2075/76.
According to the unaudited financial report published by the finance company today, its net profit has increased to Rs 46.99 lakh in first quarter from net loss of Rs 2.01 crore in the corresponding quarter of the last fiscal year 2074/75.
Srijana Finance’s net interest income has fallen to Rs 1.59 crore in the first quarter as compared to Rs 2.55 crore in the corresponding quarter. Its paid up capital and reserves remains at Rs 40.06 crore and Rs 20.43 crore respectively.
The finance company also amassed huge amount of deposits in the Q1 of the current fiscal year. Deposits collection reached Rs 5.80 arba in Q1 from Rs 3.79 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs 3.96 arba in Q1 whereas in the same period last year, the figure stood at Rs 2.89 arba.
Its non-performing loan has increased to 2.44 percent in Q1 from 1.71 percent in the previous year’s report.
Annualized Earnings per share (EPS) of SFFIL stands at Rs 4.69 and Net Worth per share is at Rs 150.99.
Major Highlights:
|
Particulars (In Rs '000) |
SFFIL |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
400,680 |
302,400 |
32.50% |
|
Reserve & Surplus |
204,308 |
161,623 |
26.41% |
|
Deposits |
5,801,224 |
3,796,751 |
52.79% |
|
Borrowings |
400,000 |
- |
- |
|
Loans & Advances |
3,967,554 |
2,894,021 |
37.09% |
|
Net Interest Income |
15,943 |
25,537 |
-37.57% |
|
Provision for possible losses |
28,762 |
-20,156 |
- |
|
Operating Profit |
7,384 |
-20,156 |
-136.64% |
|
Net Profit |
4,699 |
-20,156 |
-123.31% |
|
NPL (%) |
2.44 |
1.71 |
42.69% |
|
Annualized EPS (In Rs.) |
4.69 |
-26.66 |
-117.60% |
|
Net Worth per Share (In Rs.) |
150.99 |
153.45 |
-1.60% |
|
P/E Ratio (In times) |
59.28 |
|
|
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