Solu Hydropower’s Profit Surges 33.83% to Rs. 1.11 Arba as Revenue Rises 24.46%

Solu Hydropower Limited (SOHL) has posted a net profit of Rs. 1.11 Arba in the fourth quarter of fiscal year 2082/83, registering a 33.83% year-on-year increase from Rs. 83.23 Crore recorded in the corresponding quarter of the previous fiscal year.

The company’s revenue from operations grew by 24.46% to Rs. 2.62 Arba, compared to Rs. 2.11 Arba reported in the same quarter last year.

Solu Hydropower’s paid-up capital stood at Rs. 10 Arba during the review period. Meanwhile, its loans and borrowings increased by 21.28% to Rs. 69.59 Crore.

The company’s property, plant and equipment stood at Rs. 5.50 Crore, reflecting a marginal 0.94% decline from the previous fiscal year.

The company’s earnings per share (EPS) increased to Rs. 11.14 from Rs. 8.32 a year earlier, reflecting a 33.83% growth.

Similarly, net worth per share rose by 2.08% to Rs. 110.62 from Rs. 107.80.

With the rise in profitability, the company’s financial costs increased significantly during the review period.

At the end of the quarter, SOHL shares were trading at Rs. 509, while the company’s price-to-earnings (P/E) ratio stood at 45.70 times.

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