Higher Operating & Interest Cost Led 38.13% Decline in Net Profit of Panchthar Power Company for Q3; Net Worth Per Share at Rs. 114.09
Mon, May 8, 2023 12:44 PM on Latest, Financial Analysis, Stock Market,
Panchthar Power Company Limited (PPCL) has reported a decline in net profit by 38.13% in the third quarter (Q3) of the current FY 2079/80. The profit declined to Rs. 8.60 crores in this quarter from Rs. 13.91 crores in the corresponding quarter of the previous year.
PPCL has sold electricity worth Rs. 29.42 crores which is a decline of 7.54% by the end of Q3.
The company’s financial expenses and other operating costs have also impacted the net profit for this quarter. As per the report, the interest expenses increased by 12.21% to stand at Rs. 9.34 Crore whereas the operating cost increased by 44.61% to Rs. 1.59 Crore.
Its reserve fund stands at Rs. 13.56 crore, which has increased by 44.21%, with share capital at Rs 96.25 crore.
Its annualized earnings per share (EPS) stands at Rs. 11.92. The net worth per share at Rs. 114.09 and the P/E ratio stood at 29.78 times.
Major Financial Highlights
| Particulars (In Rs '000) | Panchthar Power Company Limited | ||
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 962,500.00 | 962,500.00 | 0.00% |
| Reserve & Surplus | 135,629.07 | 94,047.00 | 44.21% |
| Property, Plant & Equipment | 2,116,887.20 | 2,192,996.98 | -3.47% |
| Revenue from Power Sales | 294,233.88 | 318,217.00 | -7.54% |
| Operating Expenses | 15,982.57 | 11,052.00 | 44.61% |
| Finance Expenses | 93,401.42 | 83,237.00 | 12.21% |
| Net Profit | 86,065.00 | 139,111.00 | -38.13% |
| EPS (In Rs.) | 11.92 | 28.91 | -58.75% |
| Net Worth per Share (In Rs.) | 114.09 | 109.77 | 3.94% |
| Qtr end PE Ratio (times) | 29.78 | - | - |
| Qtr End Market Price | 355 | - | - |
