Ridi Hydropower's Profitability Gets a Boost From Its Other Income In First Quarter; Look At The Major Highlights
Tue, Nov 16, 2021 9:56 AM on Company Analysis, Latest,
Ridi Hydropower Development Company Limited (RHPC) has reported an increment in net profit by a huge margin in the first quarter (Q1) of the current FY 2078/79. The profit increased to Rs. 45.54 crores in this quarter from Rs. 78.62 lakhs in the corresponding quarter of the previous year.
As per the financial report, the company earned a little over Rs. 60 crores from other sources which led to massive growth in the operating profit. The other income includes the sold-off shares of Rairang hydropower company Limited (RRHP) in the secondary market.
RHPC has sold electricity worth Rs. 3.60 crores; includes 1.4 crores from Ridi Khola and Rs. 2.20 crores from Butwal Solar.
Its reserve fund stands at Rs. 45.57 crores with share capital at Rs 58.55 crores.
The company sits in a fair liquidity position of 1.64 times. The acceptable ratio is 1.5 times.
Its earning per share stands at Rs.77.79. The net worth per share at Rs 177.84 and the P/E ratio stood at 8.10 times.
Major Highlights:
|
Particulars |
Ridi Hydropower Development Company Limited |
||
|---|---|---|---|
|
Q1 2078/79 |
Q1 2077/78 |
Difference |
|
|
Paid Up Capital |
585,558.00 |
557,674.30 |
5.00% |
|
Retained Earnings |
455,784.61 |
38,182.98 |
1093.69% |
|
Property, Plant and Equipment |
1,114,455.43 |
1,115,962.73 |
-0.14% |
|
Cash and Cash Equivalents |
279,532.52 |
213.04 |
- |
|
Sale of Electricity |
36,016.78 |
13,765.68 |
161.64% |
|
Other Income |
600,812.61 |
518.78 |
- |
|
Operation and Maintenance Expenses |
7,109.94 |
2,735.93 |
159.87% |
|
Operating Profit |
629,379.17 |
11,213.22 |
5512.83% |
|
Net Profit |
455,489.06 |
7,862.57 |
5693.13% |
|
EPS (In Rs.) (Not Annualized) |
77.79 |
1.41 |
5417.27% |
|
Net Worth per Share (In Rs.) |
177.84 |
106.85 |
66.44% |
|
Qtr End P/E Ratio |
8.10 |
- |
- |
.png)
