Higher Operating & Finance Cost Led to Net Loss of Rs 82.48 Crores for Upper Tamakoshi Hydropower in Q2; Net Worth At Rs 62.38
Sun, Feb 12, 2023 10:52 AM on Latest, Financial Analysis, Stock Market,
Upper Tamakoshi Hydropower Limited (UPPER) has published the unaudited second-quarter report for FY 2079/2080. As per the report, the company has reported a Net loss of Rs. 82.48 Crores for Q2. The company was operating in net loss of Rs. 33.05 Crores for the previous year Q2.
The company’s paid-up capital remains at Rs. 10.59 Arba. Similarly, the company has a negative reserve of Rs 3.98 arba.
The company made a sale of electricity worth Rs. 4.98 Arba, which has inclined by 36.71% for the Q2 of FY 79/80, whereas the company reported finance income of Rs. 3.48 Crores which has increased by 5995.90% in Q2.
The administrative expenses has also increased by 137.60% for this period. The company reported Administrative Expenses of Rs. 20.53 Crores whereas the finance expenses of Rs. 3.64 Arba, both of which have affected the net profit of the company for Q2.
The EPS of the company stood at Rs. -7.79 and Net worth per share stood at Rs. 62.38.
Major Financial Highlights
| Particulars (In Rs '000) | Upper Tamakoshi Hydropower | ||
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 10,590,000.00 | 10,590,000.00 | 0.00% |
| Retained Earnings | -3,983,956.71 | -1,391,486.41 | 186.31% |
| Property, Plant & Equipment | 84,359,185.86 | 85,740,211.18 | -1.61% |
| Revenue from Power Sales | 4,985,186.66 | 3,646,525.86 | 36.71% |
| Finance Income | 34,859.54 | 571.85 | 5995.90% |
| Administrative Expenses | 205,392.61 | 86,444.50 | 137.60% |
| Finance Expenses | 3,646,467.96 | 2,203,103.91 | 65.52% |
| Net Profit | -824,846.62 | -330,517.84 | |
| EPS (In Rs.) | -7.79 | -3.12 | |
| Net Worth per Share (In Rs.) | 62.38 | 86.86 | -28.18% |
| Qtr End Market Price | 543 | - | - |
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