Bindhyabasini Hydropower (BHDC) Reports Fall in Net Profit by 48.18%; Management Analysis Claims Machinery Breakdown for Losses
Tue, May 9, 2023 3:53 PM on Latest,
Bindhyabasini Hydropower Development Company Limited (BHDC) has reported a loss in net profit by 48.81 %in the third quarter (Q3) of the current FY 2079/80. The company’s net profit has reached Rs. 6.41 crores in this quarter from profit of Rs.12.53 crores in the corresponding quarter of previous year.
BHDC has collected total revenue of Rs. 21.02 crores till the end of Q3. On the other hand, the company reports an increase in administrative expenses by 53.78 % while financial expenses have decreased slightly by 3.21 %, which has also affected the profitability of NHPC for this quarter.
The paid-up capital of the Hydropower company stood at Rs. 1.05 Arba which is an increase of 40% compared to corresponding quarter of the previous fiscal year.
One of the companies among two in operation under BHDC, Rudi Khola B Hydropwer Project had reported damages in the pipeline due to landslides experienced on Shrawan 18, 2079. Similarly, on Falgun 01, 2079 issues in the Power transformer of the project had been reported.
According to the management analysis of the company, a loss in net profits have been reported in this quarter due to Machinery breakdown.
Its annualized earning per share stands at Rs. 8.15. The net worth per share at Rs. 113.69.
Major Financial Highlights:
| Particulars (In Rs '000) | Bindhyabasini Hydropower | ||
|---|---|---|---|
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 1,050,000.00 | 750,000.00 | 40.00% |
| Accumulated Profit | 143,762.75 | 135,373.43 | 6.20% |
| Property, Plant and Equipment | 1,408,544.07 | 1,461,318.97 | -3.61% |
| Revenue from Power Sales | 210,280.20 | 316,864.11 | -33.64% |
| Administrative Expenses | 63,150.79 | 41,065.22 | 53.78% |
| Finance Expenses | 104,421.17 | 107,885.49 | -3.21% |
| Net Profit | 64,159.80 | 125,340.58 | -48.81% |
| EPS (In Rs.) | 8.15 | 33.42 | -75.62% |
| Net Worth per Share (In Rs.) | 113.69 | 118.05 | -3.69% |
| Qtr end PE Ratio (times) | 53.64 | - | |
| Qtr End Market Price | 437 | - | |
