Hydroelectricity Investment and Development Company's Q3 Net Profit Rises by 7.92% to Rs. 1.09 Arba, EPS at Rs. 6.38
Wed, May 8, 2024 11:30 AM on Latest, Financial Analysis, Company Analysis,
Hydroelectricity Investment and Development Company Limited (HIDCL) has unveiled its unaudited quarterly report for the third quarter of fiscal year 2080/81, showcasing a notable 7.92% increase in net profit. The company achieved a net profit of Rs. 1.09 Arba during this period, compared to Rs. 1.01 Arba reported in the previous year.
As of the third quarter, HIDCL's paid-up capital stands at Rs. 22.77 Arba, accompanied by a reserve and surplus of Rs. 2.79 Arba. The company's investment in equity amounts to Rs. 4.04 Arba, yielding revenue of Rs. 1.26 Crores in the same period. Additionally, HIDCL recorded a finance income of Rs. 1.58 Arba during this quarter.
Moreover, HIDCL has extended loans to power projects totaling Rs. 7.36 Arba up to Q3. The company also holds term deposits amounting to Rs. 14.76 Arba across various banks.
The company has an annualized Earnings Per Share (EPS) of Rs. 6.38. The quarter-end Price/Earnings (P/E) ratio stands at 26.22 times, while the net worth per share is reported at Rs. 112.29.
Major Highlights:
| Particulars (Rs in 000) | HIDCL | ||
|---|---|---|---|
| Q3 2080/81 | Q3 2079/80 | Difference | |
| Paid Up Capital | 22,775,799 | 21,711,986 | 4.90% |
| Reserves | 2,798,347 | 2,662,621 | 5.10% |
| Property, Plant and Equipment | 6,511 | 7,419 | -12.24% |
| Investment in Equity | 4,046,813 | 2,120,210 | 90.87% |
| 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 | 12,603 | 7,747 | 62.68% |
| Finance Income | 1,581,174 | 1,566,569 | 0.93% |
| Administration Expenses | 19,729 | 21,841 | -9.67% |
| Net Profit | 1,090,517 | 1,010,528 | 7.92% |
| Annualized EPS (In Rs.) | 6.38 | 6.21 | 2.88% |
| Net Worth per Share (In Rs.) | 112.29 | 112.26 | 0.02% |
| Qtr End P/E Ratio | 26.22 | ||
| Current Ratio | 31.05 | ||
