Chilime & Ridi Hydropower earns Rs 92.99 crore & Rs 1.85 crore respectively in Q4

Chilime Hydropower Company Limited (CHCL) has posted meager growth in net profit by 9.02% in the fourth quarter of the last fiscal year 2072/73. According to the unaudited balance sheet of the hydropower published today, its profit after tax increased to Rs. 92.99 crore this quarter from Rs. 85.30 crore in the corresponding period of the previous fiscal year 2071/72. The company made an income of Rs. 1.16 arba, mainly from selling electricity, in the fourth quarter, up from Rs. 1.04 arba in the corresponding quarter, increased by 11.18%. Its interest income declined to Rs. 7.17 crore from Rs. 10.35 crore in fourth which is decrease of Rs. 3.17 crore. Chilime’s reserve fund has slightly declined to Rs. 4.21 arba in the fourth quarter, up from Rs. 4.52 arba in the corresponding quarter. Its paid up capital is Rs. 3.13 arba. It’s annualized earning per Share (EPS) stands at Rs 29.67, P/E ratio at 48.53 times and net worth stands at Rs. 234.36. Meanwhile, Ridi Hydropower Development Company Limited (RHPC) has reported net profit decrease by 5.53 percent in the fourth quarter of the last fiscal year 2072/73. Publishing the unaudited financial report for the fourth quarter today, the subsidiary of Ridi Hydropower Development Company Limited (RHPC)  and Arun Valley Hydropower Development Committee (AHPC) has stated that its profit after income tax (net profit) has declined to Rs 1.85 crore in Q4 from Rs 1.95 crore in the corresponding quarter of the previous fiscal year. Ridi’s income from power sales increased from 1.04 crore in the previous year report to Rs 4.27 crore in the fourth quarter of the fiscal year 2072/73, surging  by 309.57 percent. Meanwhile, its income from other sources decline to Rs 1.87 lakh from Rs 1.55 crore. The company’s operating profit has risen to Rs 3.37 crore in Q4 up from Rs 2.30 crore in the corresponding quarter of previous fiscal year. RHPC share capital stands at Rs 33 crore with reserve fund of Rs 3.24 crore in Q4. The hydropower company has made investment of Rs 3.16 crore. Its annualized earning per share (EPS) stands at Rs 5.61, net worth per share is at  Rs 109.85 and P/E ratio at 62.57  times.