Barun Hydro reports net loss of Rs 1.25 crore as it generated no revenue with 25 times increment in short term loans in Q2

Barun Hydropower Company Limited (BARUN) has reported net loss of 1.25 crore in the second quarter of the current fiscal year 2072/73.

Publishing the unaudited financial report for the second quarter today, the hydropower company has stated that it has net loss of  Rs. 1.25 crore in the current quarter from net profit of Rs. 40.82 lakh in the corresponding quarter of the previous fiscal year.

BARUN did not generate any revenue in this quarter while it had generated revenue of Rs 1.78 crore in Q2 of last fiscal year. The short term loan has also increased by 25 times to Rs 7.55 crore from 29.97 lakhs in corresponding quarter of last fiscal year.

The total expenses increases to Rs 25.19 lakh in Q2 compare to Rs. 17.62 lakh in the corresponding quarter.

The company’s non-operating expenses have slightly declined to Rs 1.008 crore in Q2 from Rs. 1.20 crore in the corresponding quarter of the previous year.

BARUN has made investment of Rs.8 lakh. It’s paid up capital remains at Rs.24.30 crore. Its reserve fund is negative by Rs 3.18 crore in the second quarter report as compared to Rs 28.62 Lakhs (positive) in the corresponding quarter of last fiscal year

Its net worth per share stands at Rs. 86.88.