Incline in Operating & Interest Cost Affects the Profitability of Arun Kabeli Power Limited for Q2; Net Profit Falls by 26.09%
Fri, Feb 10, 2023 1:11 PM on Latest, Financial Analysis, Stock Market,
Arun Kabeli Power Limited (AKPL) has reported a fall in net profit by 26.09% in the second quarter (Q2) of the current FY 2079/80. The profit decreased to Rs. 15.13 crores in this quarter from Rs. 20.47 crores in the corresponding quarter of the previous year.
AKPL has sold electricity worth Rs. 43.63 crores in Q2 which is a decline of 3.92%. As per the report published by company, the administrative expenses has increased by 24.25% in this quarter, which has also impacted the overall profitability of the company for Q2. The finance expenses of the company also increased by 15.01%.
Its reserve fund stands at Rs. 36.20 crores with share capital at Rs 1.85 Arba. With this capital, the annualized earning per share stands of AKPL stands at Rs. 16.32. The net worth per share at Rs 119.51 and the P/E ratio stood at 25 times.
Major Financial Highlights
| Particulars (In Rs '000) | Arun Kabeli Hydropower | ||
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 1,855,210.50 | 1,855,210.00 | 0.00% |
| Reserve Funds | 362,035.42 | 210,748.55 | 71.79% |
| Loan Fund | 3,162,122.67 | 3,410,471.13 | -7.28% |
| Property, Plant & Equipment | 5,180,501.89 | 5,341,591.80 | -3.02% |
| Investments | 155,741.67 | 144,314.47 | 7.92% |
| Revenue from Power Sales | 436,368.73 | 454,169.52 | -3.92% |
| Administrative Expenses | 7,317.94 | 5,889.88 | 24.25% |
| Finance Expenses | 140,222.28 | 121,917.24 | 15.01% |
| Net Profit | 151,368.05 | 204,792.31 | -26.09% |
| EPS (In Rs.) | 16.32 | 22.08 | -26.09% |
| Net Worth per Share (In Rs.) | 119.51 | 111.36 | 7.32% |
| Qtr end PE Ratio (times) | 25.00 | - | - |
| Qtr End Market Price | 408 | - | - |
