HIDCL posts 36.13% rise in net profits for Q2 of 2075/76; EPS stands at Rs 10.31 with PE ratio of 14.54 times

Tue, Feb 12, 2019 3:28 PM on Financial Analysis, Latest, Stock Market,
HIDCL post...

Jalvidhyut Lagani Tatha Bikas Company Limited (HIDCL) has published the unaudited quarterly report for the second quarter of FY 75/76. The company’s paid up capital has increased to Rs.11 arba from Rs 10 arba in the corresponding quarter of the previous year.

The reserves of the company shrunk by 6.40% from Rs.90.67 crore to Rs. 84.85 crore till the end of the second quarter. The company has investments worth Rs. 25.5 Crore, similar to the corresponding quarter of the previous year.

The net profit of the company stands at Rs. 56.72 Crore which was previously at Rs.41.67 Crore. The net profits have showed an increase of 36.13%.

EPS posted by the company on the corresponding quarter of the previous year was at Rs. 8.33, which grew by 23.7% to Rs. 10.31 by the end of the second quarter.

The P/E ratio of the company fell by 27% to stand at 14.54 times. Net worth per share currently stands at Rs.105.3 against net worth of Rs. 109.07 posted previously, marking a fall of 3.46%.

Highlight:

 

Particulars (In Lakhs) Q2 75/76 Q2 74/75 Difference
Paid Up Capital 11,000,000,000 10,000,000,000 10%
Reserve & Surplus 848,593,604 906,663,467 -6.40%
Investments 255,000,000 255,000,000  
Net Profit 567,221,412 416,670,302 36.13%
EPS (In Rs.) 10.31 8.33 23.77%
P/E Ratio (In Times) 14.54 20.16 -27.88%
Net Worth Per Share (In Rs.) 105.3 109.07 -3.46%