Mountain Energy Nepal profit rises by massive 754.05% in Q3; NetWorth Stands Rs 142.12
Fri, May 6, 2022 12:35 PM on Financial Analysis, Stock Market, Latest,
Mountain Energy Nepal Ltd in its third-quarter reports a profit (after tax) of Rs. 42.6 crores. In this quarter, the profit has been increased by an outstanding margin of 754.05%. In the previous corresponding quarter, the profit was Rs. 4.9 crores.
The increase in profit for Mountain Energy is also accumulated towards the fact that the company sold electricity worth Rs 12.2 crores (Tadi Khola Project) and Rs. 72.9 crores (Mistri Khola Project) to Nepal Electricity Authority as per the terms of PPA.
Similarly, in this quarter the operating profit has increased by 782.20% to Rs. 60.2 crores from Rs. 6.8 crores of the corresponding quarter of the previous year.
The paid-up capital of the company stood at Rs. 1.96 Arba and its retained earnings stood increased from Rs. 34.4 Crores to Rs. 82.8 Crores in this quarter. At this capital, the annualised EPS of the company stands at Rs. 28.96. The net worth per share is Rs. 142.12. The current P/E ratio of the company is Rs. 36.47.
Major Financial Highlights
| Particulars (Rs in 000) | Mountain Energy Nepal Ltd | ||
|---|---|---|---|
| Q3 2078/79 | Q3 2077/78 | Difference | |
| Paid Up Capital | 1,968,027.00 | 1,968,027.00 | 0.00% |
| Retained Earnings | 828,967.00 | 344,416.47 | 140.69% |
| Total Non Current Assets | 6,323,155.28 | 5,496,482.90 | 15.04% |
| Total Current Assets | 762,465.30 | 853,243.43 | -10.64% |
| Gross Profit | 612,980.36 | 61,897.24 | 890.32% |
| Operating Profit | 602,485.69 | 68,293.53 | 782.20% |
| Profit Before Tax | 427,512.62 | 49,996.90 | 755.08% |
| Profit For The Period | 426,997.54 | 49,996.90 | 754.05% |
| EPS (In Rs.) Quarterly | 21.70 | 2.83 | 666.78% |
| Net Worth per Share (In Rs.) | 142.12 | 117.50 | 20.95% |
| P/E Ratio (Rs) | 36.47 | ||
