HIDCL Records 11.47% Increase In Net Profit To Rs. 75.27 Crore in Q2 FY 2080/81; EPS at Rs. 6.61
Mon, Jan 29, 2024 10:59 AM on Financial Analysis, Company Analysis, Latest,
Hydroelectricity Investment and Development Company Limited (HIDCL) recently released its unaudited quarterly report for the second quarter of the fiscal year 2080/81. During this period, the company achieved an 11.47% increase in net profit, reaching Rs. 75.27 Crore compared to the previous year's Rs. 67.52 Crore.
As of the second quarter, HIDCL's paid-up capital stands at Rs. 22.77 Arba, complemented by a reserve and surplus of Rs. 1.89 Arba. The company has an investment in equity amounting to Rs. 3.23 Arba, generating revenue of Rs. 1.23 Crores in the same period. Notably, HIDCL also recorded a finance income of Rs. 1.07 Arba during this quarter.
Furthermore, HIDCL has extended loans to power projects totaling Rs. 7.36 Arba up to Q2. Additionally, the company holds term deposits amounting to Rs. 14.76 Arba across various banks.
The financial metrics of HIDCL portray with an annualized Earnings Per Share (EPS) of Rs. 6.61. The quarter-end Price/Earnings (P/E) ratio stands at 28.03 times, while the net worth per share is reported at Rs. 108.30.
| Particulars (Rs in 000) | HIDCL | ||
|---|---|---|---|
| Q2 2080/81 | Q2 2079/80 | Difference | |
| Paid Up Capital | 22,775,799 | 21,276,268 | 7.05% |
| Reserve and Surplus | 1,890,760 | 2,327,928 | -18.78% |
| Property, Plant and Equipment | 6,747 | 7,857 | -14.13% |
| Investment in Equity | 3,232,813 | 1,754,225 | 84.29% |
| Loan to Power Projects (Net) | 7,369,759 | 7,359,324 | 0.14% |
| Deposits with Banks | 14,760,000 | 13,000,000 | 13.54% |
| Revenue from contract with Customers | 12,349 | 4,385 | 181.62% |
| Finance Income | 1,077,545 | 1,029,969 | 4.62% |
| Administration Expenses | 12,039 | 12,635 | -4.72% |
| Net Profit | 752,730 | 675,261 | 11.47% |
| Annualized EPS (In Rs.) | 6.61 | 6.35 | |
| Net Worth per Share (In Rs.) | 108.30 | 110.94 | |
| Qtr End P/E Ratio | 28.03 | ||
| Current Ratio | 11.25 | ||
