Butwal Power Company reports decline in net profit by huge margin in Q3; What are the project status?
Tue, May 11, 2021 7:38 AM on Latest, Financial Analysis,
Butwal Power Company Limited (BPCL) has reported a decline in net profit by 48.81% in the third quarter (Q3) of the current FY 2077/78. The profit decreased to Rs. 45.86 crores in this quarter from Rs. 89.59 crores in the corresponding quarter of the previous year.
BPCL has sold electricity worth Rs. 51.11 crores and collected revenue from other sources worth Rs. 34.15 crores by the end of Q3.
Its reserve fund stands at Rs. 3.99 Arba with share capital at Rs 2.95 Arba.
One of its promising investments was taken over by NEA as per the agreement, the dividend income from Khimti Hydropower was cut in half i.e. 8.44%. As per the management, Nyadi Hydropower project (NHP) 30 MW is 97% completed. The generation license for Lower Manang Marsyangdi Hydroelectric Project (LMMHEP) at a capacity of 140 MW has been reoptimized, however, the capacity is revised to 139.2 MW. BPCL has acquired MMHEP to develop with Chinese JV partners for which generation license has been received for 282 MW capacity which is re-optimized at 135 MW. The company has also acquired 327 MW Upper Marsyandgi-2 Hydroelectric project (UM2HEP).
The company sits in a fair liquidity position of 27.08 times. The acceptable ratio is 1.5 times.
Its annualized earning per share stands at Rs. 20.72. The net worth per share at Rs 235.50 and the P/E ratio stood at 20.51 times.
Major Highlights:
|
Particulars |
Butwal Power Company Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
2,951,361.00 |
2,683,882.00 |
9.97% |
|
Reserve & Surplus |
3,999,181.00 |
4,518,088.00 |
-11.49% |
|
Plant, Property and Equipment |
304,640.00 |
320,482.00 |
-4.94% |
|
Borrowings |
199,839.00 |
352,644.00 |
-43.33% |
|
Total Income |
511,164.00 |
557,732.00 |
-8.35% |
|
Administrative Expenses |
93,233.00 |
101,482.00 |
-8.13% |
|
Financial Expenses |
15,350.00 |
24,978.00 |
-38.55% |
|
Net Profit |
458,653.00 |
895,901.00 |
-48.81% |
|
Earnings per share (Rs.) |
20.72 |
44.51 |
-53.45% |
|
Net worth per share (Rs.) |
235.50 |
268.34 |
-12.24% |
|
P/E Ratio (times) |
20.51 |
- |
- |
|
Current Ratio (times) |
7.08 |
- |
- |
