AHPC profit depreciated by 7.38 % in Q1; Investment increases to Rs 43.67 crore

Arun Valley Hydropower Development Company Limited (AHPC) has posted a decline in net profit by 7.38 percent in the first quarter (Q1) of the current fiscal year 2072/73. According to the unaudited financial report published today, its net profit after income tax has decline to Rs 1.48 crore in first quarter of fiscal year 2072/73 from Rs 1.60 crore in the corresponding quarter of the previous fiscal year 2071/72. AHPC made an income of Rs 2.15 crore, mainly from selling electricity, in the first quarter, up from Rs 2.14 crore in the corresponding quarter — rise by meager 0.66 %. Meanwhile, its income from other sources drops to Rs 29.13 lakh in the Q1 from Rs 35.15 lakh. The company’s operating profit has also decline to Rs 1.96 crore in Q1 from Rs 2.05 crore in the corresponding quarter of previous year. Its reserve fund has decreased from Rs 6.13 crore in the corresponding quarter of FY 2071/72 to Rs 3.05 crore in the Q1 of FY 2072/73. The Hydropower Company has able to increased its investment of Rs 43.67 crore in Q1 compare to Rs 21.97 crore in the corresponding quarter. Its share Capital remains at Rs 77.05 crore. Its EPS stands at Rs 8.00 , its net worth per share at Rs 103.17  and P/E ratio stands at 33.25 times. AHPC is the 3 MW hydropower project. The projects under AHPC are Piluwakhola Hydropower Project (3MW), Ridikhola hydropower (2.4 MW), Kabeli-B1 Hydropower (25MW), Upper Piluwakhola Hydropower - (11MW), Lower Phemekhola Small Hydropower (3.5 MW), Upper Khimtikhola Small Hydropower Project (12MW) and ArunKabeli Hydropower Project ( 25 MW) .