Upper Tamakoshi Hydropower Limited Reports Net Profit For The First Time After Full Operation of Project

Tue, Nov 16, 2021 10:10 AM on Company Analysis, Latest,

Upper Tamakoshi Hydropower Limited (UPPER) has reported a Net Profit of Rs. 86 crores in the first quarter (Q1) of the current FY 2078/79. The company earned Net Profit for the first time since the company has gone into full operation in last 2 months.

The company has finally gone into full operation with a project capacity of 456 MW.  

UPPER has sold electricity worth Rs. 1.72 Arba in this quarter.

Its reserve fund stands at Rs. -20.08 crores with share capital at Rs 10.59 Arba.

The company sits in a liquidity position of 0.59 times. The acceptable ratio is 1.5 times.

Its annualized earnings per share stood at Rs. 32.48. The net worth per share at Rs 98.10 and the P/E ratio stood at 21.52 times.

Click here for the Q1 report

Major Highlights:

Particulars

Upper Tamakoshi Hydropower Limited

Q1 2078/79

Q1 2077/78

Difference

Paid Up Capital

  10,590,000.00

  10,590,000.00

0.00%

Retained Earnings

      (200,891.24)

      (719,353.42)

-72.07%

Property, Plant and Equipment

  86,203,030.04

  78,229,879.07

10.19%

Loans and Advances

  45,000,000.00

  41,333,098.12

8.87%

Cash and Cash Equivalents

        269,605.44

        171,986.08

-

Sale of Electricity

     1,727,751.94

                         -  

-

Other Income

                  69.88

                  16.21

-

Operation and Maintenance Expenses

          28,007.10

          10,226.81

173.86%

Operating Profit

     1,366,366.38

           (7,187.95)

-

Net Profit

        860,019.04

         (17,801.74)

-

EPS (In Rs.) (Not Annualized)

                  32.48

                   (0.67)

-

Net Worth per Share (In Rs.)

                  98.10

                  93.21

5.25%

Qtr End P/E Ratio

                  21.52

                         -  

-