Green Ventures Profits Rs. 30.16 Crores Upto Q3 of FY 079/80; Seeking Approval For Likhu IV A Cascade Hydropower Project Construction
Tue, Jun 13, 2023 10:30 AM on Latest,
Green Ventures Limited (GVL) has published its third-quarter report for the ongoing fiscal year 079/80 with a Net Profit of Rs. 30.16 crores. Up to the corresponding quarter of the past fiscal year, the company earned Rs. 6.78 crores.
The company has Rs. 5.29 crores in property, plant, and equipment. The company has increased its Revenue from Operations by 101.11 percent amounting to Rs. 1.21 Arba up to Q3 of FY 079/80.
On the other hand, the financial cost of the company has increased by 66.11 percent and totals to Rs. 47.64 crores up to Chaitra, 2079 as opposed to Rs.28.68 crores that the company had incurred as financial cost up to the corresponding quarter of FY 078/79.
GVL has a paid-up capital of Rs. 3.12 Arba while has been able to retain Rs. 20.80 crores.
The hydropower company has an Earnings per Share (EPS) of Rs. 12.87 and a Net Worth per Share of Rs. 106.66.
According to the management analysis of the company, inventories have been kept at optimum level to ensure normal operation of project. Likhu IV Project under the company began commercial operation from 2078-07-21. Revenue from sale of electricity from COD to end of Chaitra 2078 was Rs. 60.65 crores and from Shrawan 2079 to end of Chaitra 2079 stood Rs. 1.21 Arba.
Meanwhile, the company claims that the liquidity has been maintained at sufficient level to meet the current operations.
In addition, the company informed that it is in the process of acquiring approval/permissions from government departments for construction of Likhu IV A Cascade Hydropower Project of 12.5 MW capacity.
Major Financial Highlights:
| Particulars (In Rs '000) | Green Ventures Limited | ||
|---|---|---|---|
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 3,125,000.00 | 3,125,000.00 | 0.00% |
| Retained Earnings | 208,085.51 | -136,261.41 | 252.71% |
| Property, Plant & Equipment | 52,965.39 | 77,363.42 | -31.54% |
| Revenue from Operations | 1,219,874.43 | 606,560.48 | 101.11% |
| Administrative Expenses | 17,287.99 | 51,199.26 | -66.23% |
| Finance Expenses | 476,453.80 | 286,828.61 | 66.11% |
| Net Profit | 301,617.61 | 67,817.70 | 344.75% |
| Annualized EPS (In Rs.) | 12.87 | 2.89 | 344.75% |
| Net Worth per Share (In Rs.) | 106.66 | 95.64 | 11.52% |
| Qtr end PE Ratio (times) | 32.50 | - | - |
| Qtr End Market Price | 418.3 | - | - |
