Ridi Hydropower earns Rs 2.93 crore from electricity sales till Q2; Net profit at Rs 2.19 crore

Ridi Hydropower Development Company Limited (RHPC) has stated a rise in net profit by 151.68% in the second quarter (Q2) of the FY 2076/77.

According to the unaudited financial report published today, its net profit after income tax has increased to Rs 2.19 crore in the Q2 of FY 2076/77 from Rs 87.17 lakh in the corresponding quarter of the previous fiscal year.

RHPC made the regular income of Rs 2.93 crore from the sale of electricity by the end of the second quarter, which was Rs 1.33 crore in the corresponding quarter. It has also made Rs 24,982 from other sources in the Q2 of FY 2076/77.

Its paid-up capital stands at Rs 53.11 crore with the reserve of Rs 5.14 crore.

Its annualized EPS stands at Rs 8.26 and net worth per share is at Rs 109.70. Similarly, the P/E ratio stands at 17.43 times.

Second Quarter Report