Api Power reports net profit of Rs 4.14 crore; Annualized EPS down to Rs 6.96
Wed, Feb 12, 2020 4:26 PM on Financial Analysis, Latest, Stock Market,
Api Power Limited (API) has earned Rs 4.14 crore in net profit by the second quarter of the fiscal year 2076/77.
As per the unaudited financial report, the hydropower company has earned Rs 13.50 crore by selling electricity alone and Rs 14.05 lakh from other sources.
The paid-up capital of the company stands at Rs.1.19 Arba while the reserves stand at Rs.11.56 Crore. The long term borrowings of the company increased to Rs.1.71 Arba by the end of the second quarter.
Api Power has reported annualized EPS of Rs 6.96 and net worth per share of Rs 109.71. The P/E ratio was reported at 17.83 times.
The company currently operates 8.5 MW Naugad Ghat project and is soon linking 8 more MW of power to the national grid. It is also undertaking the construction of 40 MW Upper Chameliya project.
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