Ngadi Group Power net profit decline by 23% in Q2; Earns Rs 3.11 crore from sale of electricity

Thu, Feb 14, 2019 7:12 AM on Financial Analysis, Latest, Stock Market,

Ngadi Group Power Limited (NGPL) has reported a 23.05% fall in net profit in the second quarter of the FY 2075/76.

According to the unaudited financial report published today, its net profit has decreased to Rs 1.08 crore from Rs 1.40 crore in the corresponding quarter of the previous fiscal year 2074/75.

NGPL has made an income of Rs 3.11 crore from power sale by the end of the second quarter of current fiscal year. Its reserve fund amounts to Rs 4.20 crore in Q2 of FY 2075/76 and its share capital stands at Rs 53.55 crore.

Its annualized earnings per share (EPS) stands at Rs 4.04, net worth per share is Rs 107.85 and P/E ratio is at 32.67 times.

The LTP of NGPL stock is Rs 126.

Major Highlights:

Particulars (Rs in 000)

Ngadi Group Power Limited

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

           535,554.80

      535,554.80

0.00%

Reserve Fund

              42,022.16

        40,667.07

3.33%

Secured Loan Consortium

           334,503.08

      384,003.08

-12.89%

Investment

           153,250.91

        90,526.91

69.29%

Cash and Bank Balance

              12,372.74

          8,346.20

48.24%

Sale of Electricity

              31,120.82

        34,350.61

-9.40%

Other Income

                      58.14

                56.60

2.72%

Profit After Tax

              10,809.82

        14,047.61

-23.05%

Annualized EPS (In Rs.)

                        4.04

                   5.25

-23.05%

Net Worth per Share (In Rs.)

                    107.85

              179.30

-39.85%

P/E Ratio

                      32.67

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