Higher Operating & Interest Cost Affects Profitability Indicators of Panchthar Power (PPCL) for Q2; Net Profit Declines by 34.22%, Earns Sales Revenue Worth Rs. 23.77 Crores
Wed, Feb 8, 2023 12:19 PM on Latest, Experts Speak, Stock Market,
Panchthar Power Company Limited (PPCL) has reported a decline in net profit by 34.22% in the second quarter (Q2) of the current FY 2079/80. The profit declined to Rs. 9.72 crores in this quarter from Rs. 14.78 crores in the corresponding quarter of the previous year.
PPCL has sold electricity worth Rs. 23.77 crores which is a decline of 9.77% by the end of Q2.
The company’s financial expenses and other operating costs have also impacted the net profit for this quarter. As per the report, the interest expenses increased by 12.80% to stand at Rs, 6.26 Crore whereas the operating cost increased by 67.06% to Rs. 1.48 Crore.
Its reserve fund stands at Rs. 14.67 crore, which has increased by 42.87%, with share capital at Rs 96.25 crore. PPCL proposed a 7% cash dividend (including tax) worth Rs 67,375,000 for the Fiscal Year 2078/79.
Its annualized earnings per share (EPS) stands at Rs. 20.20. The net worth per share at Rs. 115.25 and the P/E ratio stood at 16.88 times.
Major Financial Highlights
| Particulars (In Rs '000) | Panchthar Power Company | ||
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 962,500.00 | 962,500.00 | 0.00% |
| Reserve Funds & Accumulated Profit | 146,790.97 | 102,746.27 | 42.87% |
| Property, Plant & Equipment | 2,138,245.00 | 2,201,849.93 | -2.89% |
| Other Loans and Advances | 31,726.61 | 48,371.10 | -34.41% |
| Revenue from Operations | 237,784.72 | 263,527.47 | -9.77% |
| Operating Costs | 14,851.77 | 8,889.99 | 67.06% |
| Financial Costs | 62,620.68 | 55,516.62 | 12.80% |
| Net Profit | 97,227.00 | 147,810.57 | -34.22% |
| EPS (In Rs.) | 20.20 | 30.71 | -34.22% |
| Net Worth per Share (In Rs.) | 115.25 | 110.67 | 4.13% |
| Qtr end PE Ratio (times) | 16.88 | - | - |
| Qtr End Market Price | 341 | - | - |
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