Green Ventures Makes Public Q4 Report with Overall Improvements Across Financial Indicators
Wed, Aug 23, 2023 11:04 AM on Financial Analysis, Latest,
Green Ventures Limited (GVL) has published its fourth-quarter report for the recently concluded financial year 2079-80 with an impressive spike in its Net profit. As of FY 2079-80’s end, the hydropower company has made Rs. 31.90 crores as opposed to only Rs. 10.98 crores until the corresponding quarter of the previous FY 2078-79.
Meanwhile, the financial expenses of the company have increased by 41.83 percent, totaling Rs. 64.33 crores as of FY 2079-80’s end. Until the same period, however, the administrative expenses of the company have decreased to amount to only Rs. 2.31 crores.
With an increase in Net profits, the company's Earnings per Share (EPS) has also increased to stand at Rs. 10.21, alongside a Net worth per Share of Rs. 107.22, until FY 2079-80.
GVL maintains a paid-up capital of Rs. 3.12 Arba and has Rs. 22.55 crores in the form of Retained Earnings.
Likhu IV Project started commercial operation from 2078-7-21. Revenue from sale of electricity from COD to end Ashad 2079 is Rs. 942,558,931 and from Shrawan 2079 to end of Ashad 2080 is Rs. 1,544,515,040. The company is in process to acquire approvals/permissions from government departments for construction of Likhu IV A cascade Hydropower Project (12.5 MW).
Major Financial Highlights:
| Particulars (In Rs '000) | Green Ventures Limited | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 3,125,000.00 | 3,125,000.00 | 0.00% |
| Retained Earnings | 225,525.69 | -93,529.60 | - |
| Property, Plant & Equipment | 50,273.71 | 61,210.45 | -17.87% |
| Revenue from Operation | 1,544,515.04 | 942,558.93 | 63.86% |
| Finance Income | 22,198.04 | 1,142.17 | - |
| Administrative Expenses | 23,158.83 | 38,157.13 | -39.31% |
| Finance Expenses | 643,389.99 | 453,636.99 | 41.83% |
| Net Profit | 319,059.63 | 109,876.52 | 190.38% |
| EPS (In Rs.) | 10.21 | 3.52 | 190.38% |
| Net Worth per Share (In Rs.) | 107.22 | 97.01 | 10.52% |
| Qtr End Market Price | 385 | - | - |
