National Hydro clears loan of Rs 4.25 crore, Q2 earning surges by whopping 85.70%; Reserve fund reaches to Rs. 39.52 crore

National Hydropower Company Limited (NHPC) has reported 85.70 percent rise in net profit for the second quarter of the current fiscal year 2072/73. Publishing the unaudited financial report for the first quarter today, the hydropower company has stated that its net income has risen to Rs 5.58 crore in second quarter of fiscal year 2072/73 up from Rs 3.06 crore in the corresponding quarter of the previous fiscal year 2071/72. The company has also paid medium & long term loan of Rs 4.25 crore. However, the commercial and other payables as doubled to Rs 3.06 crore from Rs 1.56 crore from last quarter. NHPC made sales of Rs 10.30 crore, mainly from selling electricity, in the second quarter, up from Rs. 5.52 crore in the corresponding quarter — rise by massive 86.35 %. The company’s operating profit has also surges to Rs 8.05 crore in Q2 from Rs 4.25 crore in the corresponding quarter of previous year. Its reserve fund has increased from Rs 33.94 crore in the corresponding quarter of FY 2071/72 to Rs 39.52 crore in the Q2 of FY 2072/73. The company has made investment in shares of Rs. 21.51 crore. Its paid up share capital remains at Rs. 1.38 arba. It’s annualized Earning per Share (EPS) stand at Rs. 8.05, net worth per share stand is at Rs 126.31 and P/E ratio at 25.60 times. The verdicts have not been issued by the courts in fours cases relating to various issues of the company.