Incline in Operating & Interest Cost Affects the Profitability of Arun Kabeli Power Limited for Q3; Net Profit Falls by 35.35%
Wed, May 10, 2023 11:25 AM on Latest, Financial Analysis, Stock Market,
Arun Kabeli Power Limited (AKPL) has reported a fall in net profit by 35.35% in the third quarter (Q3) of the current FY 2079/80. The profit decreased to Rs. 14.35 crores in this quarter from Rs. 22.20 crores in the corresponding quarter of the previous year.
AKPL has sold electricity worth Rs. 56.50 crores in Q3 which is a decline of 4.64%. As per the report published by company, the administrative expenses has increased by 184.36% in this quarter, which has also impacted the overall profitability of the company for Q3. The finance expenses of the company also increased by 14.82%.
Its reserve fund stands at Rs. 35.42 crores with share capital at Rs 1.85 Arba. With this capital, the annualized earning per share stands of AKPL stands at Rs. 10.32. The net worth per share at Rs 119.09 and the P/E ratio stood at 39.15 times.
Major Financial Highlights
| Particulars (In Rs '000) | Arun Kabeli Power | ||
|---|---|---|---|
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 1,855,210.50 | 1,855,210.50 | 0.00% |
| Reserve Funds | 354,239.62 | 230,566.76 | 53.64% |
| Property, Plant & Equipment | 5,114,315.03 | 5,295,936.41 | -3.43% |
| Revenue from Power Sales | 565,073.07 | 592,560.65 | -4.64% |
| Administrative Expenses | 15,678.45 | 5,513.56 | 184.36% |
| Finance Expenses | 206,152.24 | 179,549.73 | 14.82% |
| Net Profit | 143,572.25 | 222,064.98 | -35.35% |
| EPS (In Rs.) | 10.32 | 15.96 | -35.35% |
| Net Worth per Share (In Rs.) | 119.09 | 112.43 | 5.93% |
| Qtr end PE Ratio (times) | 39.15 | - | - |
| Qtr End Market Price | 404 | - | - |
