Net Profit of Radhi Bidhyut Company Increases by 18.47% in Q1; 95.35 Crore Right Shares Issued to Invest in Kasuwal Khola Hydropower
Wed, Nov 16, 2022 10:30 AM on Latest, Financial Analysis, Stock Market,
Radhi Bidhyut Company Limited (RADHI) has published the unaudited first-quarter report for FY 2079/2080. As per the report, the net profit of the company inclined by 18.47%; stood at Rs. 2.05 crore from Rs. 1.73 crore in the corresponding quarter of the previous year.
The company’s investment in associates and investment in subsidiaries stands at Rs. 13.30 Crores and Rs. 3.11 Crores respectively.
The revenue from the sale of electricity has declined by 2.23%. The revenue stood at Rs. 4 crores in the first quarter. On the other hand, the finance income has increased by 86.30% and Finance cost has decreased by 32.21% in Q1.
The company’s paid-up capital remains at Rs. 64.64 Crores. Similarly, the company’s reserve fund declined by 107.08% reaching to 18.26 crores in Q1 of the fiscal year 2079/2080.
The annualized company’s EPS stands at Rs. 12.73 and Net worth per share at Rs. 128.25. The Qtr End P/E ratio of the company stands at 16.66 times for the end of the first quarter.
Management Analysis: This company has made an investment of Rs 3.11 Crores for promoter shares in Kasuwa Khola Hydropower Limited under construction (Kasuwa Khola Hydropower Project - 45 MW) as per the commitment. Also, right shares of Rs 95.35 Crores have been issued for investing in promoters shares of the same company and the right shares that remain to be sold are in the auction process.
Major Highlights:
| Particulars (Rs in 000) | Radhi Bidyut Company | ||
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 646,404.62 | 646,404.62 | 0.00% |
| Other Equity | 182,630.33 | 88,194.51 | 107.08% |
| Property, Plant and Equipment | 455,482.53 | 475,192.25 | -4.15% |
| Investment in associates | 133,305.37 | 305,278.80 | -56.33% |
| Investment in Subsidiary | 31,143.80 | 31,143.80 | 0.00% |
| Cash and Cash Equivalents | 15,382.36 | 13,382.54 | 14.94% |
| Sale of Electricity | 40,092.62 | 41,099.03 | -2.45% |
| Finance Income | 1,046.06 | 561.50 | 86.30% |
| Finance Cost | 3,201.36 | 4,722.57 | -32.21% |
| Operation and Maintenance Expenses | 6,582.16 | 7,172.17 | -8.23% |
| Current Tax | 2,275.64 | 2,630.67 | -13.50% |
| Net Profit | 20,565.11 | 17,359.58 | 18.47% |
| Annualized EPS (In Rs.) | 12.73 | 3.58 | 255.40% |
| Net Worth per Share (In Rs.) | 128.25 | 113.64 | 12.86% |
| Qtr End P/E Ratio | 16.66 | - | 0.00% |
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