HIDCL reports 2.39% fall in net profit till Q2 of 2076/77; Net profit at Rs 55.36 crore

Hydroelectricity Development and Investment Company Limited (HIDCL) has published the unaudited quarterly report for the second quarter of FY 2076/77. The net profit of the company decreased by 2.39% to Rs.55.36 Crore from last year’s Rs.56.72 Crore.

The company’s paid-up capital stands at Rs.11 Arba with reserve and surplus of Rs.60.68 crore. The company has Rs.5.5 Arba as call in advance is the amount received from GoN and is considered for diluted EPS, net worth per share and total assets per share calculation.

The company has equity investments worth Rs.34.90 Crore till Q2 and has issued loans to power projects worth Rs.2.86 Arba till Q2. HIDCL has Rs.13.68 Arba in term-deposits with different banks.

The basic EPS of the company on the corresponding quarter of the previous year was at Rs.10.31, which fell to Rs.10.07 by the end of the second quarter. The quarter-end P/E ratio and net worth per share stand at 13.91 times and Rs.103.68 respectively.

Second Quarter Report