Rairang Hydropower reports annualized of EPS of Rs 0.20 fro Q3 of FY 2075/76; Net worth stands at Rs 101.28, just a notch above par

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Wed, May 15, 2019 1:13 PM on Financial Analysis, Latest, Stock Market,
Rairang Hy...

Rairang Hydropower Development Company Limited (RRHP) has published the unaudited Q3 report for the fiscal year 2075/76.

The company’s paid-up capital remains at Rs. 56 Crore. The reserves of the company are at Rs. 71.7 lakh from negative of Rs. 54.8 lakh in the corresponding quarter of FY 2074/75.

The investments of the company remain unchanged at Rs. 70 lakhs as compared to the same quarter of last fiscal year. The total revenue of the company has decreased from Rs 42 lakh in corresponding quarter to Rs 18.66 lakh this Q3, which is primarily because of the Insurance Claim the company received last year. Similarly, the income from sale of electricity has also fallen from Rs 12.5 lakh to Rs 10.9 lakh by 12%.

The profit after tax of the company has also fallen by 60% as of Q3 to stand at Rs. 11.07 lakhs from previous Rs. 27.8 lakhs in the Q3 of FY 2074/75. However, after adjusting the reserves and surplus from previous year the net profit stands as Rs 71.7 lakh.

The annualized EPS of the company stands at Rs 0.20 and the net worth per share stands at Rs. 101.28 compared with PE ratio of 456.16 times.

Q3 report