Dibyashwari Hydropower Achieves Turnaround in Q1 FY 2081/82, Reports Significant Net Profit Increase and Surge in Power Sales
Wed, Nov 6, 2024 11:14 AM on Financial Analysis, Company Analysis, Latest,
Dibyashwari Hydropower Company Limited (DHPL) has made a notable financial comeback in the first quarter of Fiscal Year 2081/82, reporting a profit of Rs. 69.81 lakhs, a significant reversal from the Rs. 4.95 lakh loss during the same quarter last year. This positive shift underscores the company's impressive growth trajectory.
The company’s long-term loans have declined by 1.93%, bringing the total down to Rs. 56.10 Crores. This reduction aligns with DHPL’s efforts to streamline its financial obligations, marking progress in managing debt.
DHPL’s revenue surged to Rs. 3.46 Crores through power sales, a notable increase compared to the previous year. Administrative costs reached Rs. 24.81 lakh, with staff expenses climbing to Rs. 14.45 lakh, reflecting operational adjustments.
Despite its growth, DHPL faces challenges with negative Reserves and Surplus of Rs. 29.08 Crores and a negative net worth of Rs. 10.18 Crores. With a paid-up capital of Rs. 26.4 Crores, the company’s Annualized Earnings Per Share (EPS) now stands at Rs. 10.58, illustrating a complex yet improving financial profile.
Major Highlights:
| Particulars (In Rs '000) | Dibyashwari Hydropower | ||
|---|---|---|---|
| Q1 2081/82 | Q1 2080/81 | Difference | |
| Paid Up Capital | 264,000.00 | 264,000.00 | 0.00% |
| Retained Earnings | -290,872.00 | -259,177.00 | - |
| Long- Term Loans | 561,077.00 | 572,127.00 | -1.93% |
| Property, Plant & Equipment | 728,413.00 | 759,767.00 | -4.13% |
| Revenue from Power Sales | 34,659.00 | 33,193.00 | 4.42% |
| Staff Cost | 1,445.00 | 1,356.00 | 6.56% |
| Administrative Expenses | 2,481.00 | 2,097.00 | 18.31% |
| Finance Expenses | 14,333.00 | 18,743.00 | -23.53% |
| Net Profit | 6,981.00 | -495.00 | - |
| Annualized EPS (In Rs.) | 10.58 | -0.75 | - |
| Net Worth per Share (In Rs.) | -10.18 | 1.83 | - |
| Qtr end PE Ratio (times) | 26.01 | ||
| Qtr End Market Price | 275.1 | - | - |
