Ankhukhola Hydropower Published Fourth Quarter Report with Net Loss of Rs. 44.61 Lakhs; Net worth per Share Below par at Rs. 69. 61
Sun, Jul 23, 2023 8:21 AM on Financial Analysis, Latest,
Ankhukhola Hydropower Company Limited (AKJCL) has published its fourth quarter report for the recently concluded financial year 2079-80 with a Net Loss of Rs. 44.61 lakhs compared to Rs. 2.48 crores that the company had (net) profited up to Q4 of FY 2078-79.
The revenue from power sales, which is considered the core income stream for hydropower companies, has witnessed a decrease of 13.80 percent that totals to Rs. 19.22 crores up to Q4 of financial year 2079-80.
The administrative and general expenses of the company have increased by Rs. 9.13 percent 96.78 lakhs which has been attributed by the company to increased staff cost.
The annualized Earnings per Share (EPS) of the company stands at a negative Rs. 0.56 while it has a below par Net worth per Share of Rs. 69.61.
The hydropower company maintains a paid-up capital of Rs. 80 crores.
AKJCL incurred a financial cost of Rs. 11.02 crores in the fourth quarter which although is a slight comparative decrease of 6.02 percent, the amount itself is significant and as such the same has negatively affected the profitability of the company. The company claims the cost occurred due to refinance loan till Magh 2079 and an increase in payment of principal portion.
The company claims that the total revenue up to the fourth quarter has decreased by Rs. 30.76 million as compared to total revenue up to the corresponding quarter of 2078-79 due to a decrease in hydrology and the production restriction imposed by NEA during the fourth quarter. The compensation claim has been processed with Nepal Electricity Authority (NEA) and the compensation amount to be received shall be adjusted in the annual report accordingly, which has not been reported in this report.
Major Financial Highlights:
| Particulars (In Rs '000) | Ankhukhola Jalvidhyut Company | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 800,000.00 | 800,000.00 | 0.00% |
| Other Equity | -243,151.16 | -238,592.61 | 1.91% |
| Property, Plant & Equipment | 1,793,580.39 | 1,819,358.09 | -1.42% |
| Income from Power Sales | 192,216.99 | 222,982.09 | -13.80% |
| Finance Costs | 110,216.23 | 117,278.45 | -6.02% |
| Administrative & General Expenses | 9,678.94 | 8,869.04 | 9.13% |
| Net Profit/Loss | -4,461.26 | 24,813.80 | - |
| EPS (In Rs.) | -0.56 | 3.10 | - |
| Net Worth per Share (In Rs.) | 69.61 | 70.18 | -0.81% |
| Qtr End Market Price | 192.5 | - | - |
