Api Power reports impressive increment in profitability indicators in Q3; Look at the major highlights
Thu, May 13, 2021 8:01 AM on Latest, Financial Analysis,
Api Power Company Limited (API) has posted net profit growth of a massive 108.16% in the third quarter (Q3) of the current FY 2077/78. The profit increased to Rs. 12.62 crores in this quarter from Rs. 6.06 crores in the corresponding quarter of the previous year.
The company reported a total income of Rs. 35.11 crores in this quarter; an increment of 43.96% compared to the corresponding quarter of the previous year.
As per the management, 8.5 MW Naugad Gad Small Hydropower project has successfully commenced its commercial operation and the company has also completed the construction of 8 MW Upper Naugadh Gad Hydropower Project which had already started its commercial operation from 13th Kartik, 2076. The company is also constructing 40 MW and 4 MW projects namely Upper Chameliya HPP and chandranigahpur Solar Project respectively.
Its reserve fund stands at Rs. 28.01 crores with share capital at Rs 1.92 Arba. The borrowings of the company stand at Rs 2.09 Arba by the end of the third quarter.
The company sits in a liquidity position of 0.77 times; however, the acceptable liquidity ratio is 1.5 times.
Its annualized earning per share stands at Rs 8.72, net worth per share at Rs 114.52 and P/E ratio stood at 39.43 times.
Major Highlights:
|
Particulars |
Api Power Company Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
1,929,756.15 |
1,190,700.00 |
62.07% |
|
Reserve & Surplus |
280,136.29 |
134,889.78 |
107.68% |
|
Plant and Property |
3,207,552.02 |
3,268,735.33 |
-1.87% |
|
Capital Work in Progress |
1,067,007.15 |
31,750.48 |
3260.60% |
|
Borrowings |
2,098,011.89 |
1,710,721.23 |
22.64% |
|
Total Income |
351,106.96 |
243,897.77 |
43.96% |
|
Administrative Expenses |
12,071.61 |
11,951.52 |
1.00% |
|
Financial Expenses |
132,935.39 |
130,315.05 |
2.01% |
|
Net Profit |
126,267.67 |
60,658.72 |
108.16% |
|
Earnings per share (Rs.) |
8.72 |
6.79 |
- |
|
Net worth per share (Rs.) |
114.52 |
111.33 |
2.86% |
|
P/E Ratio (times) |
39.43 |
- |
- |
|
Current Ratio (times) |
0.77 |
- |
- |
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