Green Ventures Reports Net Profit of Rs. 19.45 Crores for Q1; Company to construct 12.5 MW Likhu IV A Cascade Hydropower Project
Tue, Dec 6, 2022 11:03 AM on Latest, Financial Analysis, Stock Market,
Green Ventures Limited (GVL) has published its first-quarter report for the FY 2079/2080 with a Net Profit of Rs. 19.45 Crore in the first quarter of FY 2079/2080. During the relevant quarter of the previous year, the company was operating at a net loss of Rs. 53.72 Lakhs.
As per the reported financial statement, the company made a huge investment in property, plant, and equipment which stands at Rs. 10.94 Arba. In the same vein, the company also made an investment worth Rs. 10.85 Crores.
The revenue from the operation of Green Ventures Limited stands at Rs. 52.05 Crores, whereas the finance income stands at Rs. 16.46 Lakhs. Likewise, the finance expenses of the company stand at Rs. 16.76 Crores in the Q1 of FY 2079/2080.
The company’s paid-up capital stands at Rs. 3.12 Arba with Rs. 8.31 Crores in Reserve and surplus.
The annualized earnings per share (EPS) stood at Rs. 24.91 and the Net worth per share stood at Rs. 102.66. The company traded at a P/E multiple of 12.08 times.
The Company is in the process to acquire permission from government departments for the construction of Likhu IV A Cascade Hydropower Project 12.5 MW.
Major Financial Highlights
| Particulars (Rs in 000) | Green Ventures Limited | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 3,125,000 | 2,500,000 | 25.00% |
| Other Equity (Retained Earnings) | 83,162 | (208,764) | |
| Property, Plant and Equipment | 10,940,481 | 450 | 2430011.04% |
| Investment | 108,583 | 46 | 238522.02% |
| Trade Receivables | 676,864 | 1,098,472 | -38.38% |
| Cash and Cash Equivalents | 28,594 | 13,936 | 105.18% |
| Inventories | 14,743 | 1,901 | 675.37% |
| Revenue from Operation | 520,517 | ||
| Finance Income | 1,646 | 113 | 1351.63% |
| Finance Costs | 167,612 | 80 | 208304.65% |
| Net Profit | 194,590 | (5,372) | |
| Annualized EPS (In Rs.) | 24.91 | ||
| Net Worth per Share (In Rs.) | 102.66 | 91.65 | 12.02% |
| Qtr End P/E Ratio | 12.08 | - | 0.00% |
| Qte End Price | 300.8 | - | 0.00% |
