Hydroelectricity Investment and Development (HIDCL) Net Profit Rises by 48.85% in Q2; Has Deposits Worth Rs 13 Arba in Different Banks
Sun, Feb 12, 2023 10:01 AM on Latest, Financial Analysis, Stock Market,
Hydroelectricity Investment and Development Company Limited (HIDCL) has published the unaudited quarterly report for the second quarter of FY 2079/80. The net profit of the company increased by 48.85% to Rs. 67.52 Crore from last year’s Rs. 45.36 Crore.
The company’s paid-up capital stands at Rs. 21.27 Arba with reserve and surplus of Rs. 2.32 Arba. HIDCL also distributed 5% bonus shares and 0.263% cash dividend for the FY 2078/79. These bonus dividends have been capitalized by the company.
The company has equity investments worth Rs. 1.75 Arba till Q2 and has issued loans to power projects worth Rs. 7.35 Arba till Q2. HIDCL has Rs. 13 Arba in term deposits with different banks.
The basic EPS of the company stands at Rs. 6.35. The quarter-end P/E ratio and net worth per share stand at 34.03 times and Rs. 110.94 respectively.
Major Financial Highlights
| Particulars (Rs in 000) | HIDCL | ||
|---|---|---|---|
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 21,276,268 | 18,700,000 | 13.78% |
| Other Equity (Retained Earnings) | 2,327,928 | 2,713,844 | -14.22% |
| Property, Plant and Equipment | 7,857 | 6,673 | 17.74% |
| Investment in Equity | 1,754,225 | 1,056,550 | 66.03% |
| Loan to Power Projects (Net) | 7,359,324 | 4,816,998 | 52.78% |
| Deposits with Banks | 13,000,000 | 14,020,000 | -7.28% |
| Revenue from contract with Customers | 4,385 | 440 | 896.89% |
| Finance Income | 1,029,969 | 694,723 | 48.26% |
| Administration Expenses | 12,635 | 8,089 | 56.21% |
| Net Profit | 675,261 | 453,645 | 48.85% |
| Annualized EPS (In Rs.) | 6.35 | 4.85 | |
| Net Worth per Share (In Rs.) | 110.94 | 114.51 | |
| Qtr End P/E Ratio | 34.03 | ||
| Current Ratio | 20.25 | ||
