HIDCL profit rises by 38.77% to Rs 1.12 arba in Q4 and company to issue 100% right shares soon
Sun, Aug 11, 2019 6:28 AM on Financial Analysis, Stock Market,
Hydroelectricity Development and Investment Company Limited (HIDCL) has published the unaudited quarterly report for the fourth quarter of FY 75/76. The net profit of the company increased by 38.77% to Rs 1.12 arba from last year’s Rs 80.81 crore.
The company’s paid up capital stands at Rs 11 arba with reserve and surplus of Rs 1.42 arba. The company has Rs 5 arba as call in advance for upcoming 100% right shares issue.
The company has equity investments worth Rs 34.90 crore till Q4 and have issued loan to power projects worth Rs 2.33 arba till Q4.
HIDCL has Rs 14.60 arba in term deposits with different banks.
The EPS of the company on the corresponding quarter of the previous year was at Rs 8.08, which grew by 26.16% to Rs 10.19 by the end of the fourth quarter.
The quarter end P/E ratio and net worth per share stand at 15.79 times and Rs 108.50 respectively.
Major Highlights:
|
Particulars (In 000) |
Q4 75/76 |
Q4 74/75 |
Difference |
|---|---|---|---|
|
Paid Up Capital |
11,000,000 |
10,000,000 |
10.00% |
|
Call in advance (Right issue) |
5,500,000 |
5,000,000 |
10.00% |
|
Reserve & Surplus |
1,402,800 |
1,302,425 |
7.71% |
|
Investment in Equity |
349,050 |
212,250 |
64.45% |
|
Investment in Corporate Bond |
80,000 |
80,000 |
0.00% |
|
Loan to Power Projects |
2,337,685 |
1,371,462 |
70.45% |
|
Term Deposits with Banks |
14,600,000 |
9,230,000 |
58.18% |
|
Finance Income |
173,460 |
1,300,957 |
-86.67% |
|
Net Profit |
1,121,428.29 |
808,100.61 |
38.77% |
|
EPS (Rs.) |
10.19 |
8.08 |
26.16% |
|
Networth Per share (Rs.) |
108.50 |
108.68 |
-0.17% |
|
P/E Ratio (In Times) |
15.79 |
- |
- |
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