Arun Valley Hydropower Q3 earning surges by 31.47%; Investment rises to Rs 46.77 crore; AHPC backed up 25 MW Arun Kabeli IPO in pipeline too

Arun Valley Hydropower Development Company Limited (AHPC) has posted a net profit rise of 31.47 percent in the third quarter of the current fiscal year 2072/73. According to the unaudited financial report published today, its net profit after income tax has risen to Rs 4.94 crore in third quarter of fiscal year 2072/73 up from Rs 3.76 crore in the third quarter of the previous fiscal year 2071/72. AHPC made an income of Rs 5.22 crore, mainly from selling electricity, by the end of the third quarter, slightly decline from Rs 5.24 crore in the corresponding quarter — drop by negligible 0.40%. Meanwhile, its income from other sources rose to Rs 2.40 crore in the Q3 from Rs 1.02 crore in corresponding. The company’s operating profit has surged to Rs 6.56 crore in Q3 up from Rs 5.20 crore in the corresponding quarter of previous year. Its reserve fund has decreased from Rs 8.32 crore in the corresponding quarter of FY 2071/72 to Rs 6.94 crore in the third quarter. The Hydropower Company has made investment of Rs 46.77 crore. Its share Capital remains at Rs 77.05 crore. Its earning per share (EPS) stands at Rs 9.01, its net worth per share at Rs 109.01  and P/E ratio stands at 33.87 times. AHPC is  3 MW hydropower project. The projects under AHPC are Piluwakhola Hydropower Project (3MW), Ridikhola hydropower (2.4 MW), Kabeli-B1 Hydropower (25MW), Upper Piluwakhola Hydropower - (11MW), Lower Phemekhola Small Hydropower (3.5 MW), Upper Khimtikhola Small Hydropower Project (12MW) and Arun Kabeli Hydropower Project (25 MW). Arun Kabeli hydropower project which is of 25 MW is in final stage of its completion. AHPC has 51% stake in the company. So once the Kabeli project comes in to operation and in revenue generation than AHPC revenue will increase massively too. The company has no debt so far. AHPC last trading price in NEPSE stood at Rs 314 as on May 5, 2016. Earlier, The Company had distributed 11 percent cash dividend from the profit it made in 2071/72 FY to its shareholders. This year there is high chance the company may propose 10% bonus share to its shareholders.