Arun Valley Hydropower's Net Profit Surges Over 720% in Q1 2081/82 with Strong Revenue Growth; Annualized EPS Reached to Rs. 12.12
Mon, Nov 11, 2024 8:48 AM on Financial Analysis, Company Analysis, Latest,
Arun Valley Hydropower Development Company Limited (AHPC) has delivered a significant financial performance in the first quarter of fiscal year 2081/82, showing significant growth across various metrics.
The company’s paid-up capital doubled, reaching Rs. 3.73 Arba compared to Rs. 1.87 arba in Q1 2080/81. Reserve and surplus saw a remarkable growth of 231.59%, rising from Rs. 7.70 crores to Rs. 25.53 crores, reflecting strengthened financial resilience.
Arun Valley’s property, plant, and equipment assets increased by 3.83%, totaling Rs. 2.61 Arba this quarter, up from Rs. 2.52 Arba a year earlier, indicating ongoing investments in infrastructure. The company’s investment portfolio also showed substantial growth, increasing by 64.94% to reach Rs. 1.23 Arba from Rs. 74.83 crores in Q1 2080/81.
A key highlight was the surge in revenue from power sales, which rose by 485.57% to Rs. 7.74 crores, a significant increase from Rs. 1.32 crores in the previous year’s first quarter. This strong revenue growth contributed to a significant rise in net profit, which jumped by 720.51% to Rs. 11.32 crores, up from Rs. 1.38 crores last year.
The company's administrative expenses increased by 40.37% to Rs. 11.10 lakhs, while finance expenses dropped sharply by 70.72%, decreasing from Rs. 4.21 crores to Rs. 1.23 crores. This reduction in finance expenses likely played a role in boosting the bottom line.
Annualized Earnings per share (EPS) rose significantly, reaching Rs. 12.12, a 310.26% increase from last year’s Rs. 2.96. The company’s net worth per share also improved slightly, standing at Rs. 106.83 compared to Rs. 104.12 in the same period last year, marking a 2.60% increase.
At the end of the quarter, Arun Valley Hydropower’s price-to-earnings (PE) ratio was recorded at 23.84 times, with a quarter-end market price of Rs. 289 per share.
Major Highlights:
| Particulars (In Rs '000) | Arun Valley Hydropower Development Company | ||
|---|---|---|---|
| Q1 2081/82 | Q1 2080/81 | Difference | |
| Paid Up Capital | 3,735,925.20 | 1,867,962.60 | 100.00% |
| Reserve and Surplus | 255,285.34 | 76,987.48 | 231.59% |
| Property, Plant & Equipment | 2,617,184.34 | 2,520,631.27 | 3.83% |
| Investment | 1,234,340.33 | 748,340.93 | 64.94% |
| Revenue from Power Sales | 77,441.96 | 13,225.04 | 485.57% |
| Administrative Expenses | 1,110.38 | 791.02 | 40.37% |
| Finance Expenses | 12,314.71 | 42,052.11 | -70.72% |
| Net Profit | 113,233.82 | 13,800.36 | 720.51% |
| EPS (In Rs.) | 12.12 | 2.96 | 310.26% |
| Net Worth per Share (In Rs.) | 106.83 | 104.12 | 2.60% |
| Qtr end PE Ratio (times) | 23.84 | - | - |
| Qtr End Market Price | 289 | - | - |
