Net Profit decreases for Himalayan Urja in Q1; Company planning to construct new hydro power projects

Wed, Nov 11, 2020 10:00 AM on Latest, Company Analysis,

Himalayan Urja Bikas Company Limited (HURJA) has published the unaudited first-quarter report for FY 2077/2078. As per the report, the net profit of the company decreased to Rs. 93.10 thousand from Rs. 10.06 Lakhs in the corresponding quarter of the previous year.

The company’s paid-up capital stood at Rs. 99.00 crores. Similarly, the company has a negative reserve of Rs. 81.55 crores. The company is planning to construct new hydropower projects.

The company has a total debt of Rs. 2.13 Arba which was Rs. 1.69 Arba in the corresponding quarter of the previous year.

The company sits at a liquidity position of 1.09 times.

The annualized EPS of the company stood at Rs. 0.04 and Net worth per share stood at Rs. 99.18. The company traded at a P/E multiple of 4093.81 times.

Click here for the Q1 report

Financial Highlights:

Particulars

Himalayan Urja Bikas Company Limited

Q1, 2077/2078

Q1, 2076/2077

Difference

Paid-Up Capital

990,000.00

990,000.00

-

Reserves and Surplus

-8,155.99

-11,624.42

-

Plant, Property, and Equipment

64,769.25

67,034.85

-3.38%

Capital Work in Progress

2,945,138.56

2,344,722.52

25.61%

Borrowings

2139443.03

1693798.46

26.31%

Income from Sale of Electricity

-

-

-

Other Income

191.52

1,859.81

-89.70%

Administrative Expenses

98.41

799.76

-87.69%

Finance Costs

-

-

-

Operating Profit/(Loss)

93.10

1,060.05

-91.22%

Net Profit/(Loss)

93.10

1,060.05

-91.22%

EPS (Rs.)

0.04

0.43

-91.22%

Net Worth per share (Rs.)

99.18

98.83

0.35%

Qtr End Price (Rs.)

154.00

-

-

Qtr End P/E Ratio (Times)

4093.81

-

-

Current Ratio (times)

1.09

1.87

-