Sikles Hydropower Reports Q2 Earnings with Slight 0.27% Growth; Debt Decline By 6.76%
Thu, Feb 8, 2024 6:02 AM on Financial Analysis, Company Analysis, Latest,
Sikles Hydropower Limited (SIKLES) has reported a net profit of Rs. 6.29 Crores in the second quarter (Q2) of the current fiscal year 2080/81, showing a slight increase of 0.27% from the same quarter last year when it was Rs. 6.27 crores.
During this period, the company's long-term loan decreased by 6.76%, reaching Rs. 1.26 Arba.
The total income from power sales for Q2 was Rs. 19.58 crores and income from other sources amounted to Rs. 4.05 Lakhs.
Administrative expenses and finance expenses for the quarter were Rs. 1 Crore and Rs. 6.68 Crores, reflecting declines of 8.87% and 9.05% respectively.
The company's retained earnings stand at Rs. 8.35 crores, with a share capital of Rs. 85 Crores. The annualized earnings per share is Rs. 14.82, the net worth per share at Rs. 109.83, and the P/E ratio stands at 36.65 times.
Major Highlights:
| Particulars (In Rs '000) | Sikles Hydropower | ||
|---|---|---|---|
| Q2 2080/81 | Q2 2079/80 | Difference | |
| Paid Up Capital | 850,000.00 | 850,000.00 | 0.00% |
| Retained Earnings | 83,537.89 | 169,137.31 | -50.61% |
| Long Term Loan | 1,265,060.70 | 1,356,708.70 | -6.76% |
| Property, Plant & Equipment | 2,101,794.07 | 2,181,456.25 | -3.65% |
| Revenue from Power Sales | 195,841.52 | 193,330.66 | 1.30% |
| Other Income | 405.46 | 526.83 | -23.04% |
| Administrative Expenses | 10,090.46 | 11,072.69 | -8.87% |
| Finance Expenses | 66,853.96 | 73,506.48 | -9.05% |
| Net Profit | 62,964.42 | 62,792.92 | 0.27% |
| EPS (In Rs.) | 14.82 | 14.77 | 0.27% |
| Net Worth per Share (In Rs.) | 109.83 | 119.90 | -8.40% |
| Qtr End PE Ratio (Times) | 36.65 | ||
| Qtr End Market Price | 543 | - | - |
