Ridi Hydropower net profit meager fall by 0.81% to Rs 71.49 lakh, EPS at Rs 6.04

Ridi Hydropower Development Limited (RHPC) has reported a slight downfall in its net profit by 0.81 percent in the first quarter of the fiscal year 2074/75. The published unaudited financial report today states that its net profit after income tax falls to Rs 71.49 lakh in the first quarter of fiscal year 2074/75 from Rs 72.08 lakh in the corresponding quarter of the previous fiscal year 2073/74. RHPC has made total income from power sales of Rs 1.33 crore compare to Rs 1.35 crore in the corresponding quarter of last fiscal year. Its reserve fund amounts to Rs 4.35 crore from Rs 3.93 crore. RHPC had announced 6% bonus shares from the net profit of the FY 2073/74. Earnings per share (EPS) of RHPC stand at Rs 1.51 (annualized EPS = Rs 6.04), while net worth per share is at Rs 109.22. Its P/E ratio stands at 105 times.