Ridi Hydropower registered a profit of Rs 46.65 lakhs

Ridi Hydropower Development Company Limited (RHPC) has stated a rise in net profit by 231.55% in the fourth quarter (Q4) of the FY 2075/76.

According to the unaudited financial report published today, its net profit after income tax reached Rs 46.65 lakh in the Q4 of FY 2075/76 from Rs 14.07 lakh in the corresponding quarter of the previous fiscal year.

RHPC made the regular income of Rs 85.04 lakhs from sale of electricity by the end of the fourth quarter, which was Rs 75.93 lakhs in the corresponding quarter. It has also made Rs 16.28 lakhs from other sources in the Q4 of FY 2075/76.

Its paid-up capital stands at Rs 53.11 crore with the reserve of Rs 3.55 crore.

Its annualized EPS stands at Rs 3.51 and net worth per share is at Rs 106.70. Similarly, the P/E ratio stands at 24.78 times.