Chilime Hydropower Company Reports 5.51% Decline in Net Profit for Q2; Power Sales Revenue Drops by 2.06%
Mon, Feb 5, 2024 11:56 AM on Latest, Financial Analysis, Company Analysis,
Chilime Hydropower Company Limited (CHCL) has released its second-quarter unaudited report, revealing a 5.51% decline in net profit. The company's net profit for the quarter stands at Rs. 37.91 crores, down from Rs. 40.12 crores in the corresponding quarter of the previous year.
In this quarter, CHCL garnered revenue from power sales amounting to Rs. 61.20 Crores, marking a modest decrease of 2.06%. Additionally, the company reported a finance income of Rs. 8.2 crore till Q2, while administrative expenses totaled Rs. 3.02 Crores.
Reflecting on its financial position, CHCL maintains retained earnings amounting to Rs. 2.53 Arba, with a share capital standing at Rs. 7.98 Arba.
Consequently, the annualized earnings per share (EPS) for the company stands at Rs. 9.50, with the net worth per share reported at Rs. 131.80. Notably, the P/E ratio stands at 54.65 times.
| Particulars (In Rs '000) | Chilime Hydropower Company | ||
|---|---|---|---|
| Q2 2080/81 | Q2 2079/80 | Difference | |
| Paid Up Capital | 7,983,997.20 | 7,258,179.28 | 10.00% |
| Retained Earnings | 2,538,646.84 | 3,004,043.16 | -15.49% |
| Property, Plant & Equipment | 1,690,532.85 | 1,656,869.76 | 2.03% |
| Revenue from Power Sales | 612,037.41 | 624,894.16 | -2.06% |
| Finance Income | 82,035.24 | 91,299.21 | -10.15% |
| Administrative Expenses | 30,247.40 | 33,750.59 | -10.38% |
| Net Profit | 379,141.70 | 401,230.53 | -5.51% |
| Annualized EPS (In Rs.) | 9.50 | 11.06 | -14.10% |
| Net Worth per Share (In Rs.) | 131.80 | 141.39 | -6.78% |
| Qtr end PE Ratio (times) | 54.65 | ||
| Qtr End Market Price | 519 | - | - |
