Chilime Hydropower net profit fell by 13.63% in Q2 due to increased tax liability; earns Rs 45.31 crore
Tue, Feb 12, 2019 10:19 AM on Financial Analysis, Latest, Stock Market,
Chilime Hydropower Company Limited (CHCL) has published the unaudited second-quarter report for FY 75/76. The company’s paid-up capital remains at Rs 4.75 arba. Similarly, the reserves of the company have decreased from Rs 4.56 arba to Rs 4.42 arba showing a minimal decrease of 3.26%.
Investment in term deposits which were previously worth Rs 38.01 crore have increased by almost 205.36% to Rs 1.16 arba by the end of the second quarter.
The revenue from the sale of electricity fell by 1.25% and currently stand at Rs 62.42 crore. The profits of the company have also fallen compared to the corresponding quarter of the previous year.
The operating profits have fallen from Rs 51.60 crore to Rs 48.30 crore, marking a fall of 6.40% while the net profits of the company have fallen from Rs 52.46 Crore to Rs 45.31 crore, marking a fall of 13.63%. The decrease in net profit is mainly due to increased tax liability.
The company’s annualized EPS stands at Rs 19.05 and net worth per share at Rs 192.90. The company P/E ratio stands at 28.56 times for the end of the second quarter.
Highlights
|
Particulars (Rs '000) |
Q2 75/76 |
Q2 74/75 |
Difference |
|---|---|---|---|
|
Paid Up Capital |
4,758,136.00 |
3,965,113.00 |
20.00% |
|
Reserves and Surplus |
4,420,182.00 |
4,568,930.00 |
-3.26% |
|
Investment in Associates |
7,863,640.00 |
7,811,310.00 |
0.67% |
|
Investment in Term Deposits |
1,160,774.00 |
380,139.00 |
205.36% |
|
Revenue from Sale of Electricity |
624,252.00 |
632,181.00 |
-1.25% |
|
Operating Profit |
483,027.00 |
516,031.00 |
-6.40% |
|
Tax |
75,000.00 |
6,429.00 |
1066.59% |
|
Profit After Tax |
453,154.00 |
524,696.00 |
-13.63% |
|
EPS (In Rs) |
19.05 |
26.47 |
-28.03% |
|
Net Worth Per Share (In Rs) |
192.90 |
215.23 |
-10.38% |
|
P/E Ratio (In Times) |
28.56 |
- |
- |
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