Butwal Power Company net profits fall by more than 30%; HIDCL posts net profit of Rs.27.76 Crore till Ashwin end

Tue, Nov 19, 2019 2:22 PM on Financial Analysis, Latest,

Hydroelectricity Development and Investment Company Limited (HIDCL) has published the unaudited quarterly report for the first quarter of FY 2076/77. The net profit of the company increased by 5.17% to Rs.27.76 Crore from last year’s Rs.26.40 Crore.

The company’s paid up capital stands at Rs.11 Arba with reserve and surplus of Rs.1.65 Arba. The company has Rs.5 Arba as call in advance for upcoming 100% right shares issue.

The company has equity investments worth Rs.34.90 Crore till Q1 and have issued loan to power projects worth Rs.2.52 Arba till Q1. HIDCL has Rs.14.70 Arba in term deposits with different banks.

The basic EPS of the company on the corresponding quarter of the previous year was at Rs.10.56, which fell to Rs.10.10 by the end of the first quarter. The quarter end P/E ratio and net worth per share stand at 13.86 times and Rs.110.03 respectively.

Butwal Power Company Limited (BPCL) has reported profit after tax of Rs.6.93 Crore in the Q1 of FY 2076/77. The profit of the company has decreased from Rs.10.38 Crore posted in the corresponding quarter of last fiscal year.

The revenue has increased to Rs.20.77 Crore in Q1 of FY 2076/77 from Rs.19.99 Crore in the corresponding quarter of last fiscal year. BPCL's finance income has fallen to Rs.84.91 Lakhs from Rs.5.06 Crore in the corresponding quarter of the last fiscal year.

The paid up capital stands at Rs.2.44 Arba by the end of the first quarter.

The EPS of the hydropower company stands at Rs.2.84 while net worth per share at Rs.285.62. Annualized PE ratio of 32.04 times was reported till the first quarter end.