Ghalemdi Hydro Achieves Turnaround with Rs. 74.74 Lakh Profit in Q1, Revenue from Power Sales Nearly Doubles
Sun, Nov 10, 2024 9:24 AM on Financial Analysis, Company Analysis, Latest,
Ghalemdi Hydro Limited (GHL) has demonstrated substantial financial improvement in the first quarter of fiscal year 2081/82, reporting a net profit of Rs. 74.74 lakh. This marks a significant turnaround from the previous year’s loss of Rs. 3.13 crore.
One of the notable changes is in Ghalemdi Hydro's paid-up capital, which surged by 200% to Rs. 1.65 arba, up from Rs. 55 crore in the same quarter last year. However, the company’s reserve and surplus deficit expanded to Rs. 19.94 crore, compared to a deficit of Rs. 16.38 crore in Q1 2080/81. The value of property, plant, and equipment rose to Rs. 55.78 lakh, a 130.86% increase, reflecting the company's investments in physical assets.
The company also managed to reduce its long-term borrowings by 18.66%, bringing it down to Rs. 70.56 crore from Rs. 86.75 crore. Revenue from power sales nearly doubled, growing by 96.62% to Rs. 4 crore, compared to Rs. 2.04 crore in the same period last year. Meanwhile, administrative expenses were cut by 56.83%, down to Rs. 26.40 lakh from Rs. 61.16 lakh, and finance expenses decreased by 28.78% to Rs. 2.04 crore from Rs. 2.87 crore, reflecting effective cost management.
As a result of these improvements, Ghalemdi Hydro’s earnings per share (EPS) rose to Rs. 1.81, a notable shift from the negative Rs. 22.79 recorded last year. The net worth per share also increased by 25.21% to Rs. 87.91. Additionally, the quarter-end price-to-earnings (PE) ratio was reported at 126.94 times, with the market price per share standing at Rs. 230.
Major Highlights:
| Particulars (In Rs '000) | Ghalemdi Hydro Limited | ||
|---|---|---|---|
| Q1 2081/82 | Q1 2080/81 | Difference | |
| Paid Up Capital | 1,650,000.00 | 550,000.00 | 200.00% |
| Reserve and Surplus | -199,432.71 | -163,832.86 | - |
| Property, Plant & Equipment | 5,578.24 | 2,416.30 | 130.86% |
| Long term Borrowings | 705,643.23 | 867,525.93 | -18.66% |
| Revenue from Power Sales | 40,066.19 | 20,377.75 | 96.62% |
| Administrative Expenses | 2,640.30 | 6,116.20 | -56.83% |
| Finance Expenses | 20,448.33 | 28,712.29 | -28.78% |
| Net Profit | 7,474.18 | -31,334.47 | - |
| EPS (In Rs.) | 1.81 | -22.79 | - |
| Net Worth per Share (In Rs.) | 87.91 | 70.21 | 25.21% |
| Qtr end PE Ratio (times) | 126.94 | - | - |
| Qtr End Market Price | 230 | - | - |
