Upper Solu Hydro Electric Company Reports a Net Profit of 4.37 Crores in Q4; Administrative Expenses Increased By a Huge Margin of 155.98%
Thu, Aug 18, 2022 11:21 AM on Latest, Financial Analysis, Stock Market,
Upper Solu Hydro Electric Company Limited (USHEC) has published the unaudited fourth-quarter report for FY 2078/2079. As per the report, the company has reported a Net profit of Rs. 4.37 Crores. The net profit increased by a mere 2% in the fourth quarter as compared to the relevant period of the previous fiscal year.
The company’s paid-up capital remains at Rs. 1.35 Arba. Similarly, the company has a reserve and surplus of Rs 12.3 Crores.
The report shows that the company increased its investments by 4.42% in property, plant, and equipment this fiscal year. The company purchased PPE amounting to Rs. 4.92 Arba.
Likewise, the company made a sale of electricity worth Rs. 38.07 Crores for the Q4 of FY 78/79. The company reports increment in administrative expenses with a huge margin of 155.98%, which come up to Rs. 5.65 Crores.
The EPS of the company stood at Rs. 3.24 and Net worth per share stood at Rs. 112.40.
Major Financial Highlights
| Particulars (Rs in 000) | Upper Solu Hydro Electric Company | ||
|---|---|---|---|
| Q4 2078/79 | Q4 2077/78 | Difference | |
| Paid Up Capital | 1,350,000.00 | 1,019,250.00 | 32.45% |
| Advance for Share Capital | 44,000.65 | 44,000.65 | 0.00% |
| Reserves and Surplus | 123,363.43 | 83,634.94 | 47.50% |
| Property, Plant and Equipment | 4,926,882.81 | 4,718,365.87 | 4.42% |
| Investments | 44,136.00 | 44,136.00 | 0.00% |
| Cash and Cash Equivalents | 1,001.69 | 2,447.79 | -59.08% |
| Sale of Electricity | 380,740.33 | 294,661.32 | 29.21% |
| Other Income | 198.00 | 1,471.80 | -86.55% |
| Administrative Expenses | 56,515.64 | 22,078.46 | 155.98% |
| Other Operating Expenses | 161,843.81 | 195,097.72 | -17.04% |
| Net Profit | 43,740.96 | 42,883.35 | 2.00% |
| EPS (In Rs.) | 3.24 | 4.21 | -22.99% |
| Net Worth per Share (In Rs.) | 112.40 | 112.52 | -0.11% |
