Upper Solu Hydro’s Net Profit Surges 84.41% to Rs. 20.87 Crore in Q4

Upper Solu Hydro Electric Company Limited (USHEC) has reported a strong financial performance for the fourth quarter of fiscal year 2082/83, with its net profit rising 84.41% year-on-year to Rs. 20.87 crore.

The company’s other equity recorded a significant growth of 593.15%, reaching Rs. 25.67 crore, indicating an improvement in its overall financial position. Meanwhile, investment in property, plant, and equipment declined by 3.68% to Rs. 4.33 arba.

A notable improvement was also seen in the company’s administrative expenses, which decreased by 0.62% to Rs. 1.60 crore during the review period. The reduction in expenses, along with improved earnings, supported the company’s overall profitability.

As a result, earnings per share (EPS) increased by 84.41% to Rs. 15.46. Similarly, the company’s net worth per share grew by 15.84% to Rs. 119.02.

At the end of the fourth quarter, USHEC’s shares were trading at Rs. 497.00 per share, while the company’s price-to-earnings (P/E) ratio stood at 31.62 times.

Report:

Major Highlights:

Particulars (In Rs '000) Upper Solu Hydro Electric Company Limited
Q4 2082/83 Q4 2081/82 Difference
Paid Up Capital 1,350,000.00 1,350,000.00 0.00%
Other Equity 256,755.35 37,041.76 593.15%
Property, Plant & Equipment 4,338,278.09 4,504,193.91 -3.68%
Revenue From Sale of Electricity 738,286.14 724,053.74 1.97%
Gross Profit 635,997.24 621,961.28 2.26%
Financial Costs -199,897.58 -283,854.16 -29.58%
Administrative Expenses -16,028.49 -16,128.43 -0.62%
Net Profit  208,763.01 113,203.31 84.41%
EPS (In Rs.) 15.46 8.39 84.41%
Net Worth per Share (In Rs.) 119.02 102.74 15.84%
Qtr end PE Ratio (times) 31.62 - -
Qtr End Market Price 489 - -