Upper Solu Hydro Electric Company (USHEC) Surges with a 47.90% Spike in Q2 Net Profit and Revenue Growth
Tue, Jan 30, 2024 10:37 AM on Financial Analysis, Company Analysis, Latest,
Upper Solu Hydro Electric Company Limited (USHEC) has announced a remarkable surge in net profit, marking an impressive 47.90% increase during the second quarter (Q2) of the fiscal year 2080/81. The company's profits soared from Rs. 5.67 crores in the corresponding quarter of the previous year to an impressive Rs. 8.39 crores in the current quarter.
A significant contributor to this positive financial performance is the company's revenue from power sales, which reached Rs. 42.88 crores for the quarter, reflecting a 4.94% uptick compared to the same period in the preceding year.
USHEC's financial landscape reveals intriguing highlights, including negative retained earnings of Rs. 19.34 lakhs and a share capital standing at Rs. 1.35 Arba. The annualized earnings per share (EPS) is reported at Rs. 12.43, and the net worth per share stands at Rs. 99.86.
| Particulars (In Rs '000) | Upper Solu Hydro Electric Company | ||
|---|---|---|---|
| Q2 2080/81 | Q2 2079/80 | Difference | |
| Paid Up Capital | 1,350,000.00 | 1,350,000.00 | 0.00% |
| Other Equity | -1,934.37 | 9,003.39 | - |
| Property, Plant & Equipment | 4,687,963.86 | 4,836,837.16 | -3.08% |
| Revenue from Power Sales | 428,804.40 | 408,612.51 | 4.94% |
| Administrative Expenses | 5,425.97 | 7,730.40 | -29.81% |
| Finance Expenses | 195,582.93 | 203,316.32 | -3.80% |
| Net Profit | 83,932.21 | 56,750.32 | 47.90% |
| EPS (In Rs.) | 12.43 | 8.41 | 47.90% |
| Net Worth per Share (In Rs.) | 99.86 | 100.67 | -0.80% |
| Qtr end PE Ratio (times) | 27.75 | - | - |
| Qtr End Market Price | 345 | - | - |
