Radhi Bidyut earns Rs 4.23 crore profit in the third quarter; Paid up capital reaches 41 crore after issuance of IPO

Tue, May 22, 2018 2:10 AM on Financial Analysis, Latest, Stock Market,

Radhi Bidyut Company Limited (RADHI) has reported Rs 4.23 crore profit in the third quarter of the current fiscal year 2074/75.

As per its Q3 report published today; the hydropower company has been able to earn Rs 10.80 crore as income from selling electricity and Rs 45.21 lakh as income from other sources.

The hydropower company has paid up capital of Rs 41 crore with Rs 13 crore as reserve and surplus. The paid up capital has increased after issuance of 7,64,550 unit shares in initial public offerings.

The earning per share (EPS) of the company stood at Rs 13.77 and net worth per share at Rs 131.72. The P/E ratio of RADHI is 14.45 times.

Radhi Bidyut Company Limited operates a 4.40 MW Radhi Small Hydropower Project in Lamjung district that has been generating electricity since Jestha 31, 2071 and is connected to the national grid.