Increase in Interest Expenses Led Net Loss of Rs. 2.29 Crores of National Hydro Power for Q3; Company to Issue 50% Right Shares Soon
Sun, Apr 30, 2023 11:03 AM on Latest, Financial Analysis, Stock Market,
National Hydro Power Company Limited (NHPC) has reported a loss in net profit by in the third quarter (Q3) of the current FY 2079/80. The company reported net loss of Rs. 2.29 Crores in this quarter from profit of Rs.3.27 Crores in the corresponding quarter of previous year.
NHPC has collected total revenue of Rs. 2.91 crores till the end of Q3. On the other hand, the company reports a decline in administrative expenses by 6.97% and the financial expenses has increased by massive 125.40%, which has also affected the profitability of NHPC for this quarter.
The reserves and surplus of the company stands at at Rs. 83.03 Lakhs with share capital at Rs 1.64 Arba. Also, the hydropower company is set to issue 50% right shares worth Rs. 82.21 Crores through issue of 8,221,459.7178 (10: 5) units right shares to its existing shareholders. Hence, the paid-up capital will increase to Rs. 2.46 Arba after the proposed issue. The issue is yet to approve by SEBON.
NHPC is also a major promoter of the 14.15 MW Lower Erkhuwa Hydropower Project in Bhojpur District, Province 1. The project is presently under construction and is expected to start generation within 2023. This project will generate about 80 GWh of energy annually which will generate about N. Rs. 450 million in revenue.
This company is also taking the lead in the study of about 42 megawatts of Likhu hydropower project which is being promoted by the company after concluding the agreement regarding holding of 75 percent shares in Bright Energy Solutions.
Its annualized earning per share stands at Rs. -1.86. The net worth per share at Rs. 100.50.
| Particulars (In Rs '000) | National Hydropower Company | ||
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 1,645,016.94 | 1,642,516.94 | 0.15% |
| Reserve and Surplus | 8,303.71 | 34,456.50 | -75.90% |
| Property, Plant & Equipment (NET) | 1,004,825.20 | 999,720.66 | 0.51% |
| Total Income (Power Sales) | 29,141.47 | 36,160.13 | -19.41% |
| Administrative Expenses | 8,323.95 | 8,947.57 | -6.97% |
| Financial Cost | 11,291.09 | 5,009.37 | 125.40% |
| Net Profit | -22,904.81 | 32,722.38 | -170.00% |
| EPS (In Rs.) | -1.86 | 2.66 | -169.89% |
| Net Worth per Share (In Rs.) | 100.50 | 102.10 | -1.56% |
| Qtr End Market Price | 239 | - | - |
