No revenue for Upper Tamakoshi Hydropower in Q3; Total project cost at Rs. 83.45 Arba
Tue, May 11, 2021 8:29 AM on Latest, Financial Analysis,
Upper Tamakoshi Hydropower Limited (UPPER) has reported negative net profit in the third quarter (Q3) of the current FY 2077/78. The company reported a net profit of -3.50 crores.
Its reserve fund stands at Rs. -82.56 cores with share capital at Rs 10.59 Arba.
As per the report, the total cost of the project till this quarter is Rs. 83.45 Arba.
The borrowings increased by 10.31% to Rs. 43.13 Arba. (This includes short term and long term borrowings)
As per the management, the company is planning to generate electricity from its first unit from the second week of Jestha and generate electricity from all 6 units 3 months after that. The company currently involved in 456 MW hydropower.
The company sits in a fair liquidity position of 20.30 times. The acceptable ratio is 1.5 times.
The EPS stands at Rs. -0.44. The net worth per share at Rs 92.20.
Major Highlights:
|
Particulars |
Upper Tamakoshi Hydropower Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
10,590,000.00 |
10,590,000.00 |
0.00% |
|
Reserve & Surplus |
-825,622.26 |
-683,011.87 |
- |
|
Capital WIP |
83,453,285.98 |
73,070,697.27 |
14.21% |
|
Borrowings |
43,133,098.12 |
39,100,000.00 |
10.31% |
|
Total Income |
0.00 |
0.00 |
- |
|
Administrative Expenses |
39,685.19 |
37,250.16 |
6.54% |
|
Financial Expenses |
0.00 |
0.00 |
- |
|
Net Profit |
-35,028.68 |
44,496.42 |
-178.72% |
|
Earnings per share (Rs.) |
-0.44 |
0.56 |
-178.72% |
|
Net worth per share (Rs.) |
92.20 |
93.55 |
-1.44% |
|
P/E Ratio (times) |
- |
- |
- |
|
Current Ratio (times) |
0.30 |
- |
- |
