Barun Hydropower Sees Improvement in Net Profits; Core Revenue Decreases; Net Worth per Share Just Above Par at Rs. 103.90
Fri, Aug 11, 2023 6:50 AM on Financial Analysis, Latest,
Barun Hydropower Company Limited (BARUN) has published its fourth quarter report for the recently concluded financial year 2079-80, with a Net Profit of 1.1 crores up to the last quarter of the FY. Until the corresponding quarter of the fiscal year 2078-79, the company had earned only Rs. 25.63 lakhs.
However, the revenue from the sale of power has declined by 15.19 percent totaling Rs. 7.97 crores as of the last quarter of FY 2079-80, as opposed to Rs. 9.39 crore that it had accumulated via core business revenue up to the corresponding quarter of FY 2078-79.
The financial cost of the hydropower company has increased as well summing up to Rs. 3.17 crores as of FY 2-79-80’s end. On the contrary, the administrative expenses of the company in the same period have decreased to stand at Rs. 1.19 crores.
The Earnings per Share (EPS) ratio of the company has improved to reach Rs. 2.09 at the end of the financial year 2079-80, alongside a just-above-par Net worth per Share of Rs. 103.90.
The PE ratio of the company is 119.12 times as its closing price at the end of the fourth-quarter of the fiscal year was Rs. 249.
The Hewa Khola Sana Hydropower Project, under Barun Hydropower Company Limited, was damaged by flooding that occurred during the fourth quarter on Ashad 02, 2080.
The current paid-up capital of the company is Rs. 53.58 crores.
The company has proposed a 1: 1 ratio rights offering (100%) on the paid-up capital of Rs. 53.58 Crores which will be issued only after approval by regulatory bodies. After the issuance of 100% right shares, the paid-up capital will increase to Rs. 1.07 Arba.
Major Financial Highlights:
| Particulars (In Rs '000) | Barun Hydropower | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 535,815.00 | 267,907.50 | 100.00% |
| Share Premium (Right Share) | 43,743.07 | - | - |
| Retained Earnings | 20,888.37 | 10,742.65 | 94.44% |
| Investment in Subsidiaries | 103,788.00 | - | - |
| Trade and Other Payables | 40,740.71 | 28,298.75 | 43.97% |
| Revenue from Power Sales | 79,708.95 | 93,988.64 | -15.19% |
| Administrative Expenses | 11,959.80 | 29,792.19 | -59.86% |
| Finance Expenses | 31,794.18 | 20,300.64 | 56.62% |
| Net Profit | 11,200.27 | 2,563.85 | - |
| EPS (In Rs.) | 2.09 | 0.96 | 118.43% |
| Net Worth per Share (In Rs.) | 103.90 | 104.01 | -0.11% |
| PE Ratio (times) | 119.12 | - | - |
| Qtr end Price (Rs.) | 249.00 | - | - |
