API power shows outstanding performance in Q2 75/76; Profit grows by 62.91%; EPS stands at Rs 9.01
Mon, Feb 11, 2019 10:05 AM on Financial Analysis, Latest, Stock Market,
API Power Company Limited ( API ) has earned a net profit of Rs 5.11 crore in the Q2 of FY 2075/2076. The profit of the company has increased massively by 62.91% in this quarter compared to the corresponding quarter of the last fiscal year.
As per the unaudited report published today, the income from sales of electricity has increased by 33.71% to Rs 10.63 crore in Q2 of FY 2075/2076 from Rs 7.95 crore in the corresponding quarter of last fiscal year.
The company's project operating expenses and other financial expenses are Rs 50 lakhs and Rs 3.82 crore respectively in Q2 of FY 2075/2076.
Major Highlight of Q2 75/76;
| Particulars in (000) | API | ||
|---|---|---|---|
| Q2 of FY 2075/2076 | Q2 of FY 2074/2075 | Change | |
| Paid up Capital | 1134000 | 1,050,000 | 8.00% |
| Reserve & Surplus | 112,343 | 121,465 | -7.51% |
| Income from the sale of electricity | 106295.61 | 79496.92 | 33.71% |
| Generation and distribution expense | 5008.28 | 3284.82 | 52.47% |
| Finance expenses | 38156.78 | 33508.91 | 13.87% |
| Net Profit | 51099.90 | 31367.44 | 62.91% |
| Return on Asset | 6.76 | 4.10 | 64.88% |
| EPS | 9.01 | 5.97 | 50.84% |
| Net Worth Per Share | 109.91 | 111.57 | -1.49% |
| P/E | 16.53 |
The Hydropower Company has a paid-up capital of Rs 1.13 arba with a reserve of Rs 11.23 crore in Q2 of FY 2075/2076.
Its annualized EPS stands at Rs 9.01, net worth per share at Rs 109.91 and P/E ratio at 16.53 times.
The LTP of the stock of the company stands at Rs 149.
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