ICFC Finance reports tremendous reduction in the net profit to Rs 8.08 crore; Hathway finance reports 1557.05% rise in profit to Rs 1.77 crore and Synergy Finance reports rise in net profit to Rs 2.57 crore

ICFC has published unaudited financial report for the third quarter today. It has stated that net profit has massively reduced to Rs 8.08 crore in third quarter of fiscal year 2074/75 from Rs 17.23 crore reported in the corresponding quarter of the previous fiscal year 2073/74 with diminished Earning per Share (EPS) at Rs 12.21.

The finance has borrowings of Rs 62.71 crore. Likewise, it extended loans of Rs 6.51 arba from Rs 5.39 arba. It has increased collected deposits of Rs 8.07 arba in the third quarter of the current fiscal year. It has paid up capital of Rs 88.22 crore with decreased reserve at Rs 26.55 crore in Q3.

Net Interest income is the primary source of income for finance company. ICFC’s net interest income has immensely reduced from Rs 26.56 crore in the corresponding quarter last year to Rs 18.67 crore in the third quarter of fiscal year 2074/75. Its operating profit has reduced to Rs 9.54 crore in Q3, from Rs 16.17 crore in corresponding quarter.

The finance companies’ non-performing loan (NPL) has increased to 0.56 percent in the current quarter. Currently, Net worth per share stands at Rs 130.09 and P/E ratio at 14.98 times.

However, Hathway finance company limited HATH) has reported raise in net profit at Rs 1.77 crore along with significantly increased EPS at Rs 7.89 for the third quarter of the current fiscal year 2074/75.

Unaudited financial report of Hathway Finance is circulated today; has stated that net profit has immensely increased to Rs 1.77 crore in third quarter of fiscal year 2074/75 from Rs 10.71 lakh reported in the corresponding quarter of the previous fiscal year 2073/74 with extremely increased Earning per Share (EPS) at Rs 7.89.

It’s extended loans of Rs 22.81 crore from Rs 51.98 lakh. Its deposits collection has increased to Rs 13.71 crore in the third quarter of the current fiscal year. It has paid up capital of Rs 30 crore with diminished reserve at Rs 11.83 crore in Q3.

Net Interest income is the primary source of income for finance company. HATH’s net interest income has immensely raised from Rs 14.82 lakh in the corresponding quarter last year to Rs 3.16 crore in the third quarter of fiscal year 2074/75. Its operating loss has increased to (Rs 1.59) crore in Q3, from (Rs 2.52) lakh in corresponding quarter.

The finance company’s non-performing loan (NPL) has reduced to 8.39 percent in the current quarter. Currently, Net worth per share stands at Rs 53.08 and P/E ratio at 31.53 times.

Likewise, Synergy Finance Limited (SYFL) has reported rise in net profit at Rs 2.57 crore along with significant fall in EPS at Rs 7.89 for the third quarter of the current fiscal year 2074/75.

Unaudited financial report of SYFL is circulated today; has reported extremely decreased of net profit to Rs 2.5 crore in third quarter of fiscal year 2074/75 from Rs 21.70 crore reported in the corresponding quarter of the previous fiscal year 2073/74 with extremely decreased Earning per Share (EPS) at Rs 7.23.

It’s extended loans of Rs 1.61 arba from Rs 1.62 arba. Its deposits collection has increased to Rs 1.95 arba in the third quarter of the current fiscal year. It has paid up capital of Rs 47.44 crore with diminished reserve at Rs 16.02 crore in Q3.

Net Interest income is the primary source of income for finance company. SYFL’s net interest income has immensely risen from Rs 5.68 crore in the corresponding quarter last year to Rs 6.27 crore in the third quarter of fiscal year 2074/75. Its operating loss has increased to (Rs 20.03) crore in Q3, from (Rs 2.72)crore in corresponding quarter.

The finance company’s non-performing loan (NPL) has increased to 23.4 percent in the current quarter. Currently, Net worth per share stands at Rs 60.79 and P/E ratio at 33.20 times.