Mountain Energy Nepal Reports Net Profit of Rs 35.55 Crores for Q2; EPS at Rs 36.17 & Net Worth Per Share at Rs 158.76
Fri, Feb 10, 2023 3:07 PM on Latest, Financial Analysis, Stock Market,
Mountain Energy Nepal Ltd in its second-quarter reports a profit (after tax) of Rs. 35.55 Crores. In this quarter, the profit has decreased by 16.52%. In the previous corresponding quarter, the profit was Rs. 42.63 crores.
Revenue from sale of electricity is generated by Tadi Khola Project (5 MW) and Mistri Khola Project (42 MW) invoiced up to Poush end 2079, to Nepal Electricity Authority as per the terms of PPA.
The administrative expenses of the company increased by 84.43% to stand at Rs. 1.94 Crores whereas the interest expenses increased by 61.17%, both of these factors impacted the profitability of the company for this period.
The paid-up capital of the company stood at Rs. 1.96 Arba and its retained earnings stood increased from Rs. 83.15 Crores to Rs. 1.15 Arba in this quarter. At this capital, the annualized EPS of the company stands at Rs. 36.17. The net worth per share is Rs. 158.76. The current P/E ratio of the company is Rs. 22.49
Major Financial Highlights
| Particulars (Rs in 000) | Mountain Energy Nepal | ||
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 1,968,027 | 1,968,027 | 0.00% |
| Other Equity (Retained Earnings) | 1,156,336 | 831,541 | 39.06% |
| Property, Plant and Equipment | 29,905 | 34,050 | -12.17% |
| Trade Receivables | 424,421 | 387,569 | 9.51% |
| Revenue from Operation | 744,053 | 682,199 | 9.07% |
| Administrative Expenses | 19,499 | 10,572 | 84.43% |
| Finance Cost | 149,073 | 92,492 | 61.17% |
| Net Profit | 355,880 | 426,302 | -16.52% |
| Annualized EPS (In Rs.) | 36.17 | 43.32 | -16.52% |
| Net Worth per Share (In Rs.) | 158.76 | 142.25 | 11.60% |
| Qtr End P/E Ratio | 22.49 | - | 0.00% |
| Qte End Price | 813.4 | - | 0.00% |
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