Chilime hydropower profit hikes by 7.16 %; Butwal Power’s profit plunged by 13.28%

Profit of Chilime Hydropower Company Limited (CHCL) has increased by 7.16% in the first quarter of the current fiscal year 2072/73. According to the unaudited balance sheet of the hydropower published today, its profit after tax surged to Rs.31.78 crore this quarter from Rs.29.65 in the corresponding period of the previous fiscal year 2071/72. The company made an income of Rs.36.62 crore, mainly from selling electricity, in the first quarter, up from Rs.32.35 crore in the corresponding quarter, rising by 13.19%. Its interest income declined to Rs.81.06 lakh from Rs.2.86 crore while the depreciation amount stands at Rs.2.65 crore. Chilime’s reserve fund has risen to Rs.4.83 arba in the first quarter, up from Rs.4.76 arba in the FY 2071/72. Its paid up capital is Rs.2.72 arba. Its annualized Earning per Share (EPS) stands at Rs.46.64, P/E ratio at 30.02 times and net worth stands at Rs.277.26. Butwal Power Company Limited (BPCL) has posted 13.28% decline in net profit for the first quarter of the current fiscal year 2072/73. Publishing the unaudited financial report for the first quarter today, the hydropower company has stated that its net profit has drop to Rs.5.30 crore in the current quarter from Rs.6.11 crore in the corresponding quarter of the previous fiscal year. Butwal’s operating income from Electricity sales and services increased to Rs.18.72 crore in Q1 report from Rs.14.56 crore in the corresponding quarter of the previous fiscal year. Meanwhile, its other incomes decreased to Rs.3.56 lakh from Rs.3.94 crore. The company’s operating expenditure has declined to Rs.5.84 crore in Q1from Rs.7.65 crore in the corresponding quarter of the previous year. A positive aspect of the financial report is that its reserve fund has risen to Rs.1.80 arba in the first quarter report up from Rs.1.74 arba in the FY 2071/72. The company has made investment in shares of Rs.1.34 arba. Its paid up share capital remains at Rs.1.67 arba. Its quarterly Earning Per Share (EPS) also decreased to Rs.3.17 in Q1 from Rs.3.66 in previous year , net worth per share stand at Rs 208.07 and P/E ratio at 164 times. BPC was established with an aim to enhance capacity development in the hydropower sector.