Ankhukhola Hydropower Company Faces 42.85% Dip in Q2 Net Profit, Revenue Decline, and Increased Expenses
Sun, Jan 28, 2024 7:57 AM on Financial Analysis, Company Analysis, Latest,
Ankhukhola Hydropower Company Limited (AKJCL) witnessed a dip in net profit, reporting a -42.85% decline in the second quarter (Q2) of FY 2080/81. The profit went from Rs. 2.66 crores in the same quarter last year to Rs. 1.52 crores in the current quarter.
The company's revenue from power sales for this quarter amounted to Rs. 10.76 crores, showing a 12.04% decrease compared to the corresponding quarter of the previous year due to the production cutdown imposed by NEA during the first quarter. The compensation claim, which has not been reported in this report, has been processed with NEA and when the compensation amount is received from NEA, it shall be adjusted accordingly in the next quarterly report.
Administrative & Other Operating Expenses have been increased by 33.05% due to the right issue processing cost.
AKJCL's financial highlights include negative retained earnings of Rs. 23.18 Crores and share capital standing at Rs. 80 Crores. The annualized earnings per share (EPS) is reported at Rs. 3.81, and the net worth per share stands at Rs. 71.02.
| Particulars (In Rs '000) | Ankhukhola Hydropower Company | ||
|---|---|---|---|
| Q2 2080/81 | Q2 2079/80 | Difference | |
| Paid Up Capital | 800,000.00 | 800,000.00 | 0.00% |
| Retained Earnings | -231,842.96 | -212,031.27 | 9.34% |
| Property, Plant & Equipment | 1,779,793.50 | 1,807,568.37 | -1.54% |
| Trade Receivables | 100,122.34 | 100,510.25 | -0.39% |
| Cash and cash equivalents | 56.71 | 6,577.94 | -99.14% |
| Revenue | 107,601.39 | 122,326.87 | -12.04% |
| Administrative & Other Operating Expenses | 6,788.59 | 5,102.39 | 33.05% |
| Finance Expenses | 57,222.05 | 53,064.97 | 7.83% |
| Net Profit | 15,235.17 | 26,658.63 | -42.85% |
| Annualized EPS (In Rs.) | 3.81 | 6.66 | -42.85% |
| Net Worth per Share (In Rs.) | 71.02 | 73.50 | -3.37% |
| PE ratio | 56.19 | ||
| Qtr End Market Price | 214 | - | - |
