Bindhyabasini Hydropower Posts Rs. 6.39 Crores Net Profit in Q1 2081/82 on Revenue Growth and Reduced Expenses
Tue, Nov 12, 2024 9:27 AM on Financial Analysis, Company Analysis, Latest,
Bindhyabasini Hydropower Development Company (BHDC) has reported a net profit of Rs. 6.39 crores for the first quarter (Q1) of fiscal year 2081/82, marking a 3.89% increase from Rs. 6.15 crores in the same period of the previous fiscal year. This growth in profit is primarily attributed to a 2.55% increase in revenue, which reached Rs. 15.06 crores.
The company’s administrative expenses decreased by 14.25% to Rs. 1.30 crores, and finance expenses also declined by 5.55% to Rs. 3.43 crores, contributing to cost efficiency. However, other equity fell by 4.54% to Rs. 19.61 crores, and property, plant & equipment reduced by 16.02% to Rs. 96.08 lakhs, reflecting depreciation or potential asset adjustments.
The company’s borrowings decreased by 9.10% to Rs. 156.45 crores, indicating a reduction in debt levels. The annualized Earnings per share (EPS) improved to Rs. 24.36, up from Rs. 23.44 in Q1 2080/81. Meanwhile, net worth per share slightly declined to Rs. 118.67 from Rs. 119.56.
At the quarter-end, the company’s PE ratio stood at 24.64 times, with the market price per share recorded at Rs. 600.
Major Highlights:
| Particulars (In Rs '000) | Bindhyabasini Hydropower Development Company | ||
|---|---|---|---|
| Q1 2081/82 | Q1 2080/81 | Difference | |
| Paid Up Capital | 1,050,000.00 | 1,050,000.00 | 0.00% |
| Other Equity | 196,085.92 | 205,416.54 | -4.54% |
| Property, Plant & Equipment | 9,608.21 | 11,441.61 | -16.02% |
| Borrowings | 1,564,540.60 | 1,721,151.60 | -9.10% |
| Revenue | 150,643.80 | 146,892.38 | 2.55% |
| Administrative Expenses | 13,043.36 | 15,211.70 | -14.25% |
| Finance Expenses | 34,339.65 | 36,357.75 | -5.55% |
| Net Profit | 63,932.20 | 61,539.91 | 3.89% |
| Annualized EPS (In Rs.) | 24.36 | 23.44 | 3.89% |
| Net Worth per Share (In Rs.) | 118.67 | 119.56 | -0.74% |
| Qtr end PE Ratio (times) | 24.64 | - | - |
| Qtr End Market Price | 600 | - | - |
