Api Power reports growth in all profitability indicators; Two hydropower started their commercial operation
Wed, Nov 11, 2020 7:25 AM on Company Analysis, Latest,
Api Power Company Limited (API) has published the unaudited first-quarter report for FY 2077/2078. As per the report, the net profit of the company increased to Rs. 10.64 crores from Rs. 3.59 crores in the corresponding quarter of the previous year.
The company’s paid-up capital stood at Rs. 1.19 Arba. Similarly, the company has Rs. 28.92 crores as reserves and surplus.
As per the management, both the projects i.e. Naugad Gad Small Hydropower Project (8.5 MW) and Upper Naugadh Gad Hydropower Project (8 MW) have commenced their commercial operation.
The company sits at a liquidity position of 0.4 times which is less than the minimum requirement. This shows that the company does not have short term funds to pay out the short-term liabilities.
The annualized EPS of the company stood at Rs. 35.74 and Net worth per share stood at Rs. 124.30. The company traded at a P/E multiple of 5.40 times.
Financial Highlights:
|
Particulars |
Api Power Company Limited |
||
|---|---|---|---|
|
Q1, 2077/2078 |
Q1, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
1,190,700.00 |
1,190,700.00 |
- |
|
Reserves and Surplus |
289,291.84 |
116,880.94 |
147.51% |
|
Plant, Property, and Equipment |
3,217,382.96 |
1,502,353.79 |
114.16% |
|
Borrowings |
1722848.59 |
1718688.45 |
0.24% |
|
Income from Sale of Electricity |
141,257.83 |
63,857.82 |
121.21% |
|
Administrative Expenses |
4,987.39 |
2,512.57 |
98.50% |
|
Finance Costs |
58,046.95 |
18,242.61 |
218.19% |
|
Operating Profit/(Loss) |
189,891.45 |
58,451.67 |
224.87% |
|
Net Profit/(Loss) |
106,401.31 |
35,951.25 |
195.96% |
|
EPS (Rs.) |
35.74 |
12.08 |
195.96% |
|
Net Wroth per share (Rs.) |
124.30 |
109.82 |
13.19% |
|
Qtr End Price (Rs.) |
193.00 |
- |
- |
|
Qtr End P/E Ratio (Times) |
5.40 |
- |
- |
|
Current Ratio (times) |
0.4 |
0.13 |
- |
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