Bindhyabasini Hydropower Reports Q2 Profit Dip of 21.95% Despite Strong Revenue Growth in Power Sales
Thu, Feb 1, 2024 2:15 PM on Latest, Financial Analysis, Company Analysis,
Bindhyabasini Hydropower Development Company Limited (BHDC) saw a bit of a dip in earnings during the second quarter of the fiscal year 2080/81, with a 21.95% decline in net profit. This quarter's profit landed at Rs. 8.79 crores, down from Rs. 11.26 crores in the same quarter last year.
On the brighter side, BHDC managed its finances well. Long-term loans decreased by 4.67%, reaching Rs. 1.71 Arba compared to the previous year's quarter. The company's power sales revenue, a key highlight, went up by an impressive 53.03%, hitting Rs. 24.73 crores. However, there was a significant 99.69% decrease in other income during this period.
BHDC records retained earnings of Rs. 17.68 Crores and a share capital of Rs. 1.05 Arba. The annualized earnings per share (EPS) is Rs. 16.75, and the net worth per share is Rs. 116.84.
Major Highlights:
| Particulars (In Rs '000) | Bindhyabasini Hydropower Development Company | ||
|---|---|---|---|
| Q2 2080/81 | Q2 2079/80 | Difference | |
| Paid Up Capital | 1,050,000.00 | 1,050,000.00 | 0.00% |
| Retained Earnings | 176,807.58 | 192,264.62 | -8.04% |
| Long Term Loan | 1,718,210.38 | 1,802,455.71 | -4.67% |
| Revenue from Power Sales | 247,346.16 | 161,630.31 | 53.03% |
| Other Income | 252.97 | 81,035.01 | -99.69% |
| Finance Expenses | 70,843.40 | 69,435.76 | 2.03% |
| Net Profit | 87,933.85 | 112,661.67 | -21.95% |
| EPS (In Rs.) | 16.75 | 21.46 | -21.95% |
| Net Worth per Share (In Rs.) | 116.84 | 118.31 | -1.24% |
| Qtr end PE Ratio (times) | 30.21 | ||
| Qtr End Market Price | 506 | - | - |
