Arun Valley Hydropower reports profit rise of Rs.3.31 crore; Investment increases to Rs. 45.02 crore

Arun Valley Hydropower Development Company Limited (AHPC) has posted negligible profit growth of 0.04 percent in the second quarter (Q2) of the current fiscal year 2072/73. According to the unaudited financial report published today, its net profit after income tax has increase to Rs 3.13 crore in second quarter of fiscal year 2072/73 from Rs 3.12 crore in the corresponding quarter of the previous fiscal year 2071/72. AHPC made an income of Rs 4.07 crore, mainly from selling electricity, in the second quarter, its income from other sources rose to Rs 91.66 lakhs in the Q2 from Rs 77.33 lakh. The company’s operating profit has also increases to Rs 4.23 crore in Q2 up from Rs 4.08 crore in the corresponding quarter of previous year. Its reserve fund has decreased from Rs 7.68 crore in the corresponding quarter of FY 2071/72 to Rs 5.14 crore in the Q2 of FY 2072/73. The Hydropower Company has increased its investment to Rs 45.02 crore in Q2 compare to Rs 23.27 crore in the corresponding quarter. Its share capital remains at Rs 77.05 crore. Its EPS stands at Rs 8.14 , its net worth per share at Rs 106.68  and P/E ratio stands at 31.93 times. AHPC is the 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 ArunKabeli Hydropower Project ( 25 MW) .