Hydroelectricity Investment and Development (HIDCL) Profitable by Rs.1.01 Arba in Q3; Has Deposits Worth Rs 12.40 Arba in Different Banks
Thu, May 11, 2023 11:25 AM on Latest, Financial Analysis, Stock Market,
Hydroelectricity Investment and Development Company Limited (HIDCL) has published the unaudited quarterly report for the third quarter of FY 2079/80. The net profit of the company increased by 45.16% to Rs. 1.01 Arba from last year’s Rs. 69.61 Crore.
The company’s paid-up capital stands at Rs. 21.27 Arba with reserve and surplus of Rs. 2.66 Arba.
The company has investments in subsidiaries worth Rs. 1.01 Arba till Q3 and has revenue worth Rs.77.47 Lakhs till Q3. HIDCL has Rs. 1.56 Arba as finance income in this quarter.
HIDCL has issued loans to power projects worth Rs. 8.64 Arba till Q3 and the company has Rs. 12.40 Arba in term deposits with different banks.
The basic EPS of the company stands at Rs. 6.21. The quarter-end P/E ratio and net worth per share stand at 31.42 times and Rs. 112.26 respectively.
Major Financial Highlights
| Particulars (In Rs '000) | Hydroelecticity Investment and Development | ||
|---|---|---|---|
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 21,711,986.00 | 18,700,000.00 | 16.11% |
| Reserve Funds | 2,662,620.75 | 2,956,309.15 | -9.93% |
| Property, Plant & Equipment | 7,419.16 | 5,953.97 | 24.61% |
| Loan to Power Projects | 8,640,620.57 | 6,398,706.46 | 35.04% |
| Term Deposits With Bank | 12,400,000.00 | 12,350,000.00 | 0.40% |
| Investment in Subsidiary | 1,010,000.00 | 836,270.00 | 20.77% |
| Revenue | 7,747.02 | 2,168.33 | 257.28% |
| Finance Income | 1,566,568.79 | 1,082,629.29 | 44.70% |
| Administrative Expenses | 21,841.38 | 13,658.75 | 59.91% |
| Impairments | 22,751.35 | 23,129.25 | -1.63% |
| Net Profit | 1,010,528.48 | 696,147.46 | 45.16% |
| EPS (In Rs.) | 6.21 | 4.96 | 25.02% |
| Net Worth per Share (In Rs.) | 112.26 | 115.81 | -3.06% |
| Qtr end PE Ratio (times) | 31.42 | - | - |
| Qtr End Market Price | 195 | - | - |
