Dibyashwori Hydropower Faces Financial Dilemma as Q2 Report Reveals Increased Net Loss and Strained Capital Structure
Wed, Jan 31, 2024 1:19 PM on Financial Analysis, Company Analysis, Latest,
Dibyashwori Hydropower Limited (DHPL) unveiled its second-quarter fiscal report for FY 2080/81 today, revealing significant financial challenges. The unaudited figures depict a concerning net loss of Rs. 1.43 Crores up to the month of Poush, marking a notable increase from the Rs. 76.86 lakhs loss reported in the same quarter of the preceding fiscal year 2079/80.
Of particular concern is the company's current financial position relative to its capital structure. With a paid-up capital of Rs. 26.40 crore and a negative reserve fund amounting to Rs. 27.3 crore, the net loss has surpassed the entirety of its capital base.
Despite these setbacks, DHPL managed to generate a regular income from power sales amounting to Rs. 5.07 crore by the close of Q2 in the current fiscal year. However, the company's performance metrics paint a stark picture, with negative earnings per share recorded at Rs. 5.43 and a negative net worth per share standing at Rs. 3.42.
| Particulars (In Rs '000) | Dibyashwari Hydropower Limited | ||
|---|---|---|---|
| Q2 2080/81 | Q2 2079/80 | Difference | |
| Paid Up Capital | 264,000.00 | 264,000.00 | - |
| Retained Earnings | -273,022.00 | -230,507.00 | - |
| Long Term Loan | 570,326.00 | 581,988.00 | -2.00% |
| Revenue from Power Sales | 50,777.00 | 52,349.00 | -3.00% |
| Other Income | 497.00 | 100.00 | 397.00% |
| Finance Expenses | 36,853.00 | 37,731.00 | -2.33% |
| Net Profit | -14,340.00 | -7,686.00 | - |
| EPS (In Rs.) | -5.43 | -2.91 | - |
| Net Worth per Share (In Rs.) | -3.42 | 12.69 | -126.94% |
| Qtr End Market Price | 208.3 | - | - |
