Panchthar power company reports net profit of 13.9 crores; EPS at Rs. 14.45 for Q3 of FY 2078/79
Thu, May 5, 2022 12:20 PM on Financial Analysis, Stock Market, Latest,
Panchthar Power Company Limited has reported an incline in net profit by a huge margin of 370.81% in the third quarter (Q3) of the current FY 2078/79 as compared to the corresponding quarter of the previous year. The profit increased to Rs.13.9 crores in this quarter from Rs. 2.9 crores in the preceding previous year quarter.
The unaudited balance sheet of the company also mentions - “Due to the fact that the flow of river water is less in this quarter than the electricity generated by this project, hence the income has not increased significantly. The company is hopeful that the project will produce as expected in the coming days as the flow of water in the river will increase satisfactorily”
PPCL has collected a total other income of Rs.26 lakhs till the end of Q3. Its reserve fund stands at Rs. 9.4 crores with share capital at Rs 96.2 crores. At this capital, Its annualized earning per share stands at Rs. 14.45. The net worth per share at Rs. 109.77 and the P/E ratio stood at 36.67 times.
Financial Highlights
| Particulars in '000 | Panchthar Power Company Limited | ||
|---|---|---|---|
| Q3 2078/79 | Q3 2077/78 | Difference | |
| Share Capital | 962,500 | 962,500 | |
| Reserve & Surplus | 94,047 | -110,597 | |
| Deposits | 922 | 922 | |
| Loans and advances | 49,842 | 48,633 | 2.49% |
| Other Income | 2,601 | 448 | 480.58% |
| Financial Costs | 83,237 | 99,319 | |
| Net Profit | 139,111 | 29,547 | 370.81% |
| P/E Ratio | 36.678 | 31.74 | 15.56% |
| EPS (In Rs.) | 14.45 | 9.48 | 52.43% |
| Net Worth per Share (In Rs.) | 109.77 | 88.51 | 24.02% |
