Api Power reports 83.10% rise in profit in Q1; EPS stands at Rs 10.72

Sun, Dec 30, 2018 8:12 AM on Financial Analysis, Latest, Stock Market,
Api Power...

Api Power Company Limited (API) has posted huge rise in net profit by 83.10% percent in the first quarter of the FY 2075/76.

According to the unaudited financial report published today, its net profit after income tax has been reported as Rs 3.03 crore in the first quarter of fiscal year 2075/76 from Rs 1.65 crore in the corresponding quarter of the previous fiscal year 2074/75.

API made regular income from power sales of Rs 5.99 crore by the end of the first quarter rising from Rs 4.08 crore in the corresponding quarter.

Its reserve fund amounts to Rs 9.16 crore decreasing from Rs 10.50 crore. Its current paid up capital stands at Rs 1.13 arba.

Its annualized earnings per share (EPS) stands at Rs 10.72, net worth per share is at Rs 108.08 and P/E ratio at 21.55 times.