Butwal Power Company Reports 26.04% Incline in Net Profit for Q2; Earns Sales Revenue Worth Rs. 43.15 Crores
Wed, Feb 8, 2023 10:43 AM on Financial Analysis, Stock Market, Latest,
Butwal Power Company Limited (BPCL) has reported an incline in net profit by 26.04% in the second quarter (Q2) of the current FY 2079/80. The profit increased to Rs. 22.87 crores in this quarter from Rs. 18.14 crores in the corresponding quarter of the previous year.
BPCL collected revenue worth Rs. 43.15 Crores which has increased by 2% in Q2.
Its reserve fund stands at Rs. 3.56 Arba with share capital at Rs 3.04 Arba. The company distributed 5% of the paid-up capital as bonus shares for the fiscal year 2078/79. These bonus dividends have been capitalized by the company. The company also endorsed a 7.5% cash dividend (including tax) for the Fiscal Year 2078/79.
Its annualized earnings per share stand at Rs. 13.42. The net worth per share at Rs 204.64 and the P/E ratio stood at 24.74 times.
The Management analytical statement on the possible effect on the company's profitability, stock, and cashflow based on past experience:
The company maintained steady progress on profitability and planned to invest in the projects as per plan. However, as per the PPA signed between Himal Power Limited (HPL) and Nepal Electricity Authority (NEA), 50% of the shares held by HPL is being divested to NEA free of cost effective from FY 2077/78 onwards including revision of PPA rate. Accordingly, this change will have an impact on the dividend income of the Company till for the period supported by the dividend income from other ongoing projects."
Major Financial Highlights
| Particulars (In Rs '000) | Butwal Power Company | ||
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 3,409,065.00 | 3,246,327.00 | 5.01% |
| Reserve Funds & Accumulated Profit | 3,567,168.00 | 3,649,713.00 | -2.26% |
| Property, Plant & Equipment | 276,341.00 | 290,150.00 | -4.76% |
| Revenue from Power Sales | 431,565.00 | 423,122.00 | 2.00% |
| Administrative Expenses | 65,985.00 | 63,989.00 | 3.12% |
| Finance Expenses | 6,416.00 | 6,413.00 | 0.05% |
| Net Profit | 228,717.00 | 181,465.00 | 26.04% |
| Annualized EPS (In Rs.) | 13.42 | 11.18 | |
| Net Worth per Share (In Rs.) | 204.64 | 212.43 | -3.67% |
| Qtr end PE Ratio (times) | 24.74 | - | - |
| Qtr End Market Price | 332 | - | - |
