Chilime Hydropower net profit fell by 17.44% in Q3 due to increased hydroelectric plant operating expenses and tax liability; invested Rs 5.93 arba in associates companies
Sun, May 5, 2019 5:55 AM on Financial Analysis, Stock Market, Latest,
Chilime Hydropower Company Limited (CHCL) has published the unaudited third-quarter report for FY 75/76. The net profit of the company had decline by 17.44% to Rs 54.36 crore from Rs 63.54 crore in the corresponding quarter of last fiscal year.
The company’s paid-up capital remains at Rs 4.75 arba. Similarly, the company has Rs 4.51 arba as retained earnings.
The investment in term deposits which were previously worth Rs 38.01 crore have increased by almost 213.25% to Rs 1.19 arba by the end of the third quarter and the company has invested Rs 5.93 arba in its associates companies.
The revenue from the sale of electricity rises meagerly by 0.37% and currently stand at Rs 80.75 crore.
The operating profits have fallen from Rs 63.54 crore to Rs 58.89 crore, marking a fall of 7.31% due to increase in hydroelectric plant operating expenses. The profits of the company have also fallen compared to the corresponding quarter of the previous year mainly due to increased tax liability.
The company’s annualized EPS stands at Rs 15.23 and net worth per share at Rs 194.80. The company P/E ratio stands at 33.15 times for the end of the third quarter.
Major Highlights:
|
Particulars (Rs in 000) |
Chilime Hydropower |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital |
4,758,135.78 |
3,965,113.15 |
20.00% |
|
Retained Earnings |
4,510,698.09 |
4,702,750.83 |
-4.08% |
|
Property, Plant and Equipment |
1,834,270.43 |
1,901,588.97 |
-3.54% |
|
Investment in associates |
5,930,532.40 |
5,924,236.63 |
0.11% |
|
Investment in Term Deposits |
1,190,774.12 |
380,139.08 |
213.25% |
|
Cash and Cash Equivalents |
63,150.00 |
90,706.17 |
-30.38% |
|
Sale of Electricity |
807,555.44 |
804,592.98 |
0.37% |
|
Hydro Electric Plant Operating Exp. |
136,333.91 |
91,086.82 |
49.67% |
|
Operating Profit |
588,983.23 |
635,418.62 |
-7.31% |
|
Tax |
118,718.66 |
12,170.91 |
875.43% |
|
Net Profit |
543,669.82 |
658,517.58 |
-17.44% |
|
Annualized EPS (In Rs.) |
15.23 |
22.14 |
-31.20% |
|
Net Worth per Share (In Rs.) |
194.80 |
218.60 |
-10.89% |
|
P/E Ratio |
33.15 |
34.86 |
-4.91% |
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