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,
HIDCL prof...

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.

100% right shares of Hydroelectricity Investment & Development Company receive below average grade from ICRA; right shares worth Rs.11 Arba to be issued at par

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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