Mountain Hydro Nepal reports net profit of Rs 11.4 crores for Q3 of 2078/79; Net worth per share stands below par at Rs 97.94
Wed, May 11, 2022 3:17 PM on Latest, Financial Analysis, Stock Market,
Mountain Hydro Nepal Limited (MHNL) has reported an incline in net profit by a huge margin of 593.12% in the Q3 of FY -78/79. The net profit increased from Rs. 1.6 crores to Rs. 11.4 crores in this quarter as compared to the corresponding quarter of the previous year.
MHNL's income from the sale of electricity also increased by 13.84% coming up to Rs. 46.7 crores in this quarter. However, the other incomes have decreased by 81.87% coming down to Rs. 8.3 lakhs. In the previous quarter, other incomes were Rs. 46.3 Lakhs.
The paid-up capital of MHNL stands at Rs 1.25 arba with a negative reserve of Rs 2.5 crore. It has Rs 5 crore as an investment in subsidiaries.
As of Q3 of FY 2078/79, the company's EPS is Rs. 9.18, net worth per share stands at Rs 97.94 and the P/E stands at 40.41 times.
Major financial highlights
| Particulars (Rs in 000) | Mountain Hydro Nepal Limited | ||
|---|---|---|---|
| Q3 2078/79 | Q3 2077/78 | Difference | |
| Equity Share Capital | 1,250,000.00 | 1,250,000.00 | 0.00% |
| Reserves and Surplus | (25,758.09) | (142,591.07) | |
| Property, Plant and Equipment | 6,411.83 | 15,302.53 | -58.10% |
| Investment in Subsidiaries | 50,000.00 | 500,000.00 | -90.00% |
| Cash and Cash Equivalents | 1,129.84 | 12,537.76 | -90.99% |
| Income From Sale of Electricity | 467,588.67 | 410,748.78 | 13.84% |
| Administrative Expenses | 20,085.19 | 19,853.52 | 1.17% |
| Other Income | 839.73 | 4,632.16 | -81.87% |
| Finance Costs | 195,663.22 | 241,854.44 | -19.10% |
| Net Profit | 114,780.90 | 16,560.05 | 593.12% |
| EPS (In Rs.) | 9.18 | ||
| Net Worth per Share (In Rs.) | 97.94 | 88.59 | 10.55% |
| Qtr End P/E Ratio | 40.41 | - | |
| Qtr End Market Price | 371.00 | ||
