Himalayan Urja Reports Huge Decline in Its Net Profit in Q3; Look at the Major Highlights of This Quarter

Tue, Jun 8, 2021 9:52 AM on Company Analysis, Latest,

Himalayan Urja reported its third-quarter report of FY 2077/2078 with a decline in Net Profit by 78.54%. The net profit stood at Rs. 9.11 Lakhs which was Rs. 42.46 Lakhs in the corresponding quarter of the previous year.

The paid-up capital of the company stood at Rs. 99.00 crores whereas its reserve and surplus stood at Rs. -75.55 lakhs in this quarter.

In this quarter the company didn't report any revenue from the sale of energy whereas its other income stood at Rs. 10.28 lakhs. This is a decline of 81.32% compared to the corresponding quarter of the previous year.

The company's liquidity position stood at 1.09 times. The acceptable ratio is 1.5 times.

The EPS of the company stood at Rs. 0.12 whereas its net worth per share stood at Rs. 99.24. The company traded at a PE multiple of 2688.69 times.

Click here for the Q3 report

Major highlights:

Particulars Himalayan Urja Bikas Company Limited
Q3, 2077/2078 Q3, 2076/2077 Difference
Paid-Up Capital 990,000.00 990,000.00 -
Reserve & Surplus -7,555.66 -8,579.26 -
Plant and Property 65,854.77 69,144.65 -4.76%
Capital WIP 3,131,966.04 2,682,154.37 16.77%
Borrowings 2,281,014.74 1,905,651.84 19.70%
Revenue 1,028.52 5,506.83 -81.32%
Administrative Expenses 117.20 1,260.25 -90.70%
Financial Expenses 0.00 0.00 -
Net Profit  911.32 4,246.58 -78.54%
Earnings per share (Rs.) 0.12 0.57 -
Net worth per share (Rs.) 99.24 99.13 0.10%
P/E Ratio (times) 2688.69 - -
Current Ratio (times) 1.09 - -