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January 28, 2019
See the performance of Hathway Finance based on the second quarter report.

Hathway Finance Company Limited (HATH) has reported rise in net profit at Rs 1.20 crore along with increased EPS at Rs 8.06 for the second quarter of the current fiscal year 2075/76.

Unaudited financial report of Hathway Finance circulated today; has stated that net profit has increased to Rs 1.20 crore in second quarter of fiscal year 2075/76 from Rs 87.22 lakh reported in the corresponding quarter of the previous fiscal year 2074/75.

It’s extended loans of Rs 37.57 crore from Rs 10.81 crore in the corresponding quarter. Its deposits collection has increased to Rs 34.11 crore in the second quarter of the fiscal year 2075/76. It has paid up capital of Rs 30 crore with diminished reserve at Rs 8.35 crore in Q2.

Net Interest income is the primary source of income for finance company. HATH’s net interest income has fallen from Rs 2.76 crore in the corresponding quarter last year to Rs 93.18 lakh.

The finance company’s non-performing loan (NPL) has reduced to 3.22 percent in the second quarter. Currently, Net worth per share stands merely at Rs 72.15.

Major Highlights

Particulars (In Rs ‘000) HATH
Q2 2075/76 Q2 2074/75 Difference
Paid Up Capital 300,000 300,000 0.00%
Reserve & Surplus (83,564) (123,679) -32.43%
Deposits 341,167 69,377 391.76%
Borrowings
Loans & Advances 375,734 108,148 247.43%
Net Interest Income 9,318 27,609 -66.25%
Provision for possible losses 4,018 628 539.81%
Operating Profit 5,909 (22,779)
Net Profit 12,085 8,722 38.56%
NPL (%) 3.22 14.91 -78.40%
Annualized EPS (In Rs.) 8.06 5.81 38.56%
Net Worth per Share (In Rs.) 72.15 58.77 22.75%

https://www.sharesansar.com/newsdetail/see-the-performance-of-pokhara-finance-janaki-finance-and-hathway-finance-based-on-the-second-quarter-report