Radhi Bidyut posts a fall in revenue and profit for the first quarter; EPS at Rs.17.24

Mon, Nov 12, 2018 10:38 AM on Financial Analysis, Latest, Stock Market,

Radhi Bidyut Company Limited has published the unaudited first quarter report for the year 75/76. The company currently has a paid up capital of Rs.45.10 Crore which grew by 10% compared to a paid up capital of Rs.41 Crore posted on the corresponding quarter of the previous year. Compared to the same period, the reserves of the company have fallen by more than 13% and currently stand at Rs.11.28 Crore.

The profits of the company have seen a considerable fall compared to the corresponding quarter of the previous year. The profit after tax, that was Rs.4.23 Crore, have fallen to Rs.1.94 Crore marking a decrease of 54%. Similarly the revenue of the company has fallen from Rs.11.25 Crore to Rs.4.46 Crore, falling by more than 60%.

The borrowings of the company have fallen by 5.4% and currently stand at Rs.30.69 Crore while the investment have grown by more than 52% and currently stand at Rs.34.98 Crore. The company posted EPS of Rs.17.24 and net worth per share stands at Rs.125.02.

Highlights

Particulars (In Rs '000)

Q1 75/76

Q1 74/75

Difference

Paid Up Capital

451,004.00

410,000.00

10.00%

Reserves and Surplus

112,850.18

130,043.63

-13.22%

Borrowings

306,999.92

324,499.92

-5.39%

Investment

349,805.50

228,917.70

52.81%

Total Revenue

44,626.08

112,583.91

-60.36%

Profit After Tax

19,443.35

42,338.98

-54.08%

EPS (In Rs)

17.24

-

-

Net Worth Per Share (In Rs)

125.02

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-