Arun Valley Hydropower posts remarkable 150% growth in the net profits; income from sale of electricity stands at Rs.5.47 Crore

Tue, Aug 13, 2019 12:52 PM on Financial Analysis, Latest,
Arun Valle...

Arun Valley Hydropower Development Company Limited (AHPC) has posted a net profit growth of 149.42% in the fourth quarter (Q4) of the current FY 2075/76.

According to the unaudited financial report published today, its net profit after income has surged to Rs 5.32 crore from Rs 2.13 crore in the same quarter of FY 2074/75. AHPC has sold electricity of worth Rs 5.47 crore, by the end of Q4.

The company’s operating profit increased to Rs 8.12 crore in Q4 of the current fiscal year from Rs 3.94 crore in the corresponding quarter of the previous year.

Its reserve fund stands at Rs 7.78 crore with share capital remains at Rs 93.30 crore. The short term borrowings of the company fell to Rs 5.07 crore by the end of the fourth quarter.

Its earning per share stands at Rs 5.74; net worth per share at Rs 108.34 and P/E ratio stood at 18.82 times, as per the fourth quarter report.