Due to high provision for loss on investment in Kabeli and Gurans Energy results 4.92% decline net profit of Butwal Power Company; EPS stands at Rs 26.94
Tue, Aug 18, 2020 6:42 AM on Company Analysis,
Butwal Power Company Limited (BPCL) has reported a profit after tax of Rs 72.29 crore in the Q4 of FY 2076/2077. The profit of the company has decreased by 4.92% in this quarter compared to the corresponding quarter of the last fiscal year.
Due to the provision of Rs 24.63 crore made for loss on investment in Kabeli Energy Limited and Gurans Energy Limited, net profit has been decreased by 4.92% in comparison to the corresponding period of last year.
As per the unaudited report published today, the revenue has remained stagnant to Rs 68.67 crore in Q4 of FY 2076/2077 from Rs 68.30 crore in the corresponding quarter of the last fiscal year.
The BPCL income decreased massively to Rs 2.42 crore from Rs 15.15 crore in the corresponding quarter of the last fiscal year. Finance Income has decreased during this quarter as a major portion of fixed deposits were invested in new projects.
The company's generation, distribution, and finance expenses are Rs 23.63 crore, Rs 11.44 crore, and Rs 3.19 crore respectively, in Q4 of FY 2076/2077. The paid-up capital stands at Rs 2.68 arba by the end of the fourth quarter and reserve stands at Rs 4.53 arba.
The EPS of the hydropower company stands at Rs 26.94 while net worth per share at Rs 268.96. PE ratio of 13.33 times was reported for the fourth quarter-end.
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Major Highlights:
|
Particulars (Rs in 000) |
Butwal Power |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
2,683,882.00 |
2,440,555.00 |
9.97% |
|
Retained Earnings |
4,534,569.00 |
4,460,726.00 |
1.66% |
|
Property, Plant and Equipment |
316,168.00 |
338,771.00 |
-6.67% |
|
Financial Assets |
1,875,813.00 |
1,927,473.00 |
-2.68% |
|
Other Financial Assets |
1,140,916.00 |
408,404.00 |
179.36% |
|
Cash and Cash Equivalents |
54,680.00 |
312,095.00 |
-82.48% |
|
Revenue |
686,707.00 |
683,078.00 |
0.53% |
|
Other Income |
769,868.00 |
613,709.00 |
25.45% |
|
Administrative Expenses |
132,598.00 |
164,256.00 |
-19.27% |
|
Impairment loss on Investment |
246,302.00 |
- |
|
|
Finance Income |
24,254.00 |
151,540.00 |
-83.99% |
|
Finance Costs |
31,996.00 |
41,628.00 |
-23.14% |
|
Net Profit |
722,945.00 |
760,335.00 |
-4.92% |
|
EPS (In Rs.) |
26.94 |
31.15 |
-13.54% |
|
Net Worth per Share (In Rs.) |
268.96 |
282.78 |
-4.89% |
|
P/E Ratio |
13.33 |
34.86 |
-61.77% |
|
Qtr End Market Price |
359 |
|
|
