Hydroelectricity Investment and Development reports decline in major profitability indicators in Q3; Look at the major highlights

Mon, May 10, 2021 9:34 AM on Latest, Financial Analysis,

Hydroelectricity Development and Investment Company Limited (HIDCL) has published the unaudited quarterly report for the third quarter of FY 2077/78. The net profit of the company decreased by 20.94% to Rs. 63.89 Crore from last year’s Rs. 80.82 Crore.

The company’s paid-up capital stands at Rs. 11.00 Arba with reserve and surplus of Rs. 1.57 Arba. The company has Rs. 5.50 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. 35.65 Crore till Q3 and has issued loans to power projects worth Rs. 3.91 Arba till Q3. HIDCL has Rs. 11.65 Arba in term deposits with different banks.

The basic EPS of the company on the corresponding quarter of the previous year was at Rs. 5.16. The quarter-end P/E ratio and net worth per share stand at 81.73 times and Rs. 109.55 respectively.

Click here for the Q3 report

Major Highlights:

Particulars

Hydroelectricity Investment and Development Company Limited

Q2, 2077/2078

Q2, 2076/2077

Difference

Paid-ip Capital

11,000,000.00

11,000,000.00

-

Calls in Advance

5,500,000.00

5,500,000.00

-

Reserves

1,574,978.88

861,521.61

82.81%

Deposit with Banks

11,650,000.00

12,910,000.00

-9.76%

Investments

1,142,820.00

784,050.00

45.76%

Loan to power projects

3,915,168.37

3,256,116.84

20.24%

Borrowings

1,246,734.11

1,232,306.35

1.17%

Revenue from customers

999,062.56

1,266,711.06

-21.13%

Administrative Costs

18,253.96

21,906.19

-16.67%

Net Profit

638,990.04

808,270.28

-20.94%

Earnings per share (Rs.)

5.16

6.53

 

Net worth per share (Rs.)

109.55

105.22

 

Price to Earnings ratio (times)

81.73

19.75

 

Current Ratio (times)

4.58

6.05