Higher Operating Cost Leads to Net Loss of Rs. 1.85 Crores for Madhya Bhotekoshi Jalavidyut in Q1 ; Net Worth Per Share at Rs.93.91
Thu, Nov 10, 2022 3:47 PM on Latest, Financial Analysis, Stock Market,
Madhya Bhotekoshi Jalavidyut Company Limited (MBJC) has reported a net loss for the first quarter (Q1) of FY 2079/80. The company reported a loss of Rs. 1.85 Crores for this period.
As per the report, there have been no actions by the company management to increase or decrease the market price of shares in an extraordinary manner. Currently, the various works of the Madhya Bhotekoshi hydropower project under this company are progressing satisfactorily, so its positive effect has also been seen in the stock market.
The shares of this company were listed in NEPSE on 2078/09/09. The first trading date of this company's shares started at Rs.100 and reached Rs.232.80 at the beginning of the review period and Rs.204.20 at the end. The management side is confident that after the completion of all the construction works of the Madhya Bhotekoshi hydropower project under the company after project is put into operation, there will be a positive impact on the share transactions due to the attractive returns that the company can give.
For this period, the increase in administrative expenses has vastly affected the profitability of the company. The administrative expenses increased by 142.81% to stand at Rs. 1.83 Crores.
MBJC has a share capital of Rs 6 Arba, whereas, it has negative retained earnings of Rs 36.5 Crores. At this capital, the annualized EPS stands at Rs. -1.24 and the net worth per share at Rs 93.91.
Major Financial Highlights:
| Particulars (Rs in 000) | Madhya Bhotekoshi Jalavidyut Company | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 6,000,000.00 | 5,100,000.00 | 17.65% |
| Retained Earnings | (365,300.95) | (280,116.24) | |
| Property, Plant and Equipment | 474,180.76 | 481,438.00 | -1.51% |
| Advances, Deposits & Other Receivables | 183,529.33 | 434,233.06 | -57.73% |
| Investment in Term Deposits | 220,000.00 | 670,000.00 | -67.16% |
| Cash and Cash Equivalents | 58,252.47 | 176,660.73 | -67.03% |
| Administrative Expenses | 18,380.62 | 7,569.99 | 142.81% |
| Operating Profit | 18,552.18 | 7,748.75 | 139.42% |
| Net Profit | (18,552.18) | (7,269.69) | |
| EPS (In Rs.) | (1.24) | (0.57) | |
| Net Worth per Share (In Rs.) | 93.91 | 94.51 | -0.63% |
| Qtr End P/E Ratio | (165.10) | - | |
| Qtr End Market Price | 204.2 | ||
