Hydroelectricity Investment and Development Reports Incline in Net Profit By 8.94% in Q3; Look At The Major Highlights
Tue, May 10, 2022 12:09 PM on Latest, Financial Analysis, Stock Market,
Hydroelectricity Investment and Development Company Limited (HIDCL) has published the unaudited quarterly report for the third quarter of FY 2078/79. The net profit of the company increased by 8.94% to Rs. 69.6 Crore from last year’s Rs. 63.8 Crore.
The company’s paid-up capital stands at Rs. 18.70 Arba with reserve and surplus of Rs. 2.95 Arba. The company has equity investments worth Rs. 1.29 Arba till Q3 and has issued loans to power projects worth Rs. 6.39 Arba till Q3. HIDCL has Rs. 2.35 Arba in term deposits with different banks.
The basic EPS of the company stands at Rs. 4.96. The quarter-end P/E ratio and net worth per share stand at 52.38 times and Rs. 115.81 respectively.
Major Financial Highlights
| Particulars (Rs in 000) | Hydroelectricity Investment And Development Company Limited | ||
|---|---|---|---|
| Q3 2078/78 | Q3 2076/77 | Difference | |
| Paid Up Capital | 18,700,000.00 | 16,500,000.00 | 13.33% |
| Reserves | 2,956,309.15 | 1,574,978.88 | 87.70% |
| Property, Plant and Equipment | 5,953.97 | 7,924.09 | -24.86% |
| Investment in Equity | 1,294,225.00 | 356,550.00 | 262.99% |
| Investment in Subsidiary | 836,270.00 | 706,270.00 | 18.41% |
| Cash and Cash Equivalents | 505,716.08 | 801,639.82 | -36.91% |
| Deposits with Banks | 2,350,000.00 | 1,650,000.00 | 42.42% |
| Loans to Power Projects (Net) | 6,398,706.46 | 3,915,168.37 | 63.43% |
| Finance Income | 1,082,629.29 | 987,844.43 | 9.60% |
| Operation and Maintenance Expenses | 13,658.75 | 18,253.96 | -25.17% |
| Impairments | 23,129.25 | 2,863.15 | 707.83% |
| Profit Before Tax | 988,432.94 | 908,225.92 | 8.83% |
| Current Tax | 292,285.48 | 269,235.88 | 8.56% |
| Net Profit | 696,147.46 | 638,990.04 | 8.94% |
| EPS (In Rs.) | 4.96 | 5.16 | -3.87% |
| Net Worth per Share (In Rs.) | 115.81 | 109.55 | 5.72% |
| Price Earning Ratio | 52.38 | ||
| Current Ratio | 24.33 | 26.68 | -8.81% |
| ROA (%) | 4.18 | 4.58 | -8.73% |
| Total Assets Per Share | 110.00 | 112.63 | -2.34% |
