API Power net profit slides to Rs 3.13 crore due to diminish in regular income from power sales, Ngadi Group Power net profit in Q2 surges to Rs 3.94 crore

Api Power Company Limited (API) has posted slides in net profit by 9.27% percent in the second quarter of the FY 2074/75. According to the unaudited financial report published today, its net profit after income tax has urged to Rs 3.13 crore in the second quarter of fiscal year 2074/75 from Rs 3.45 crore in the corresponding quarter of the previous fiscal year 2073/74. API made regular income from power sales of Rs 7.94 crore by the end of the second quarter falling from Rs 8.75 crore in the corresponding quarter — rise by 9.58%. Its reserve fund amounts to Rs 12.14 crore from Rs 4.91 crore. Its current paid up capital stands at Rs 1.05 arba which will reach to Rs 3.41 arba after adjustment of 8%  bonus from the net profit of FY 2073/74 and 200% riight shares. Its annualized earnings per share (EPS) stands at Rs 5.97, net worth per share is at Rs 111.57 and P/E ratio at 71.13 times. Ngadi Group Power Limited (NGPL) has stated slight rise in net profit by 3.68% percent in the second quarter of the FY 2074/75. According to the unaudited financial report published today, its net profit before income tax has surged to Rs 3.94 crore in the second quarter of fiscal year 2074/75 from Rs 3.80 crore in the corresponding quarter of the previous fiscal year 2073/74. NGPL has made regular income of Rs 8.40 crore by the end of the second quarter rising from Rs 7.80 crore in the corresponding quarter — rise by 7.69 %. Its reserve fund amounts to Rs 4.06 crore from Rs 3.91 crore. Its paid up capital stands at Rs 53.55 crore and after adjustment of 30% right shares, it will reach to Rs 69.62 crore. Its annualized earnings per share (EPS) stands at Rs 14.03, net worth per share is at Rs 127.58 and P/E ratio at 15.73 times.