Look at why net profit of Butwal power company declined by huge margin in Q2? Also look at BPCL's upcoming projects
Wed, Feb 10, 2021 8:24 AM on Latest, Company Analysis,
Butwal Power Company Limited (BPCL) has reported huge decline in net profit by 83.89% in the second quarter (Q2) of the current FY 2077/78. The profit decreased to Rs. 13.83 crores in this quarter from Rs. 85.86 crores in the corresponding quarter of previous year.
BPCL has sold electricity of worth Rs. 39.03 crores and collected revenue from other sources worth Rs. 4.10 crores by the end of Q2.
Its reserve fund stands at Rs. 3.92 Arba with share capital at Rs 2.95 Arba.
As per management, the dividend income from HPL was delayed due to delay in AGM of HPL which resulted in transfer of dividend to third quarter instead of second quarter. However, the dividend income from HPL will be impacted since the government holds 50% stake of HPL as per agreement. Nyadi Hydropower project (NHP) 30 MW is 95% completed. The company has received generation license for Lower Manang Marsyangdi Hydroelectric Project (LMMHEP) at a capacity of 140 MW, however, the capacity is revised to 139.2 MW. BPCL has acquired MMHEP to develop with Chinese JV partners for which generation license has been received for 282 MW capacity which is re-optimized at 135 MW. The company has also acquired 327 MW Upper Marsyandgi-2 Hydroelectric project (UM2HEP).
The company sits in a fair liquidity position of 2.44 times. The acceptable ratio is 1.5 times.
Its annualized earning per share stands at Rs. 9.38. The net worth per share at Rs 233.09 and P/E ratio stood at 43.82 times.
Major Highlights:
|
Particulars |
Butwal Power Company Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
2,951,361.00 |
2,683,882.00 |
- |
|
Reserve & Surplus |
3,927,852.00 |
4,299,779.00 |
-8.65% |
|
Plant, Property and Equipment |
306,459.00 |
325,882.00 |
-5.96% |
|
Financial Assets |
4,223,141.00 |
4,081,894.00 |
3.46% |
|
Total Income |
431,346.00 |
1,164,949.00 |
-62.97% |
|
Administrative Expenses |
57,621.00 |
74,079.00 |
-22.22% |
|
Financial Expenses |
10,913.00 |
17,020.00 |
-35.88% |
|
Net Profit |
138,398.00 |
858,867.00 |
-83.89% |
|
Earnings per share (Rs.) |
9.38 |
64.00 |
- |
|
Net worth per share (Rs.) |
233.09 |
260.21 |
- |
|
P/E Ratio (times) |
43.82 |
- |
- |
|
Current Ratio (times) |
2.44 |
- |
- |
