National Hydro Power Company Reports Decreased Q3 Net Loss at Rs. 1.15 Crores, Highlights Surge in Hydro Project Investments
Fri, Apr 26, 2024 11:27 AM on Latest, Financial Analysis, Company Analysis,
National Hydro Power Company Limited (NHPC) has released its unaudited third-quarter report for FY 2080/2081, revealing a net loss of Rs. 1.15 Crores for Q3. This marks an improvement from the net loss of Rs. 2.29 Crores reported in the same quarter of the previous year.
NHPC's paid-up capital remains stable at Rs. 2.46 Arba, accompanied by a share premium of Rs. 1.93 crores and reserves and surplus totaling Rs. 1.5 crores.
The company's electricity sales amounted to Rs. 2.91 Crores, registering a slight increase of 0.08% compared to Q3 of FY 80/81. Additionally, NHPC reported a significant surge of 618.72% in investments in hydro projects, totaling Rs. 76.92 Crores for the quarter. Moreover, loans increased by 45.94% to reach Rs. 35.26 crores.
Administrative expenses witnessed a 10.71% increase during this period, reaching Rs. 92.15 lakhs, while finance expenses amounted to Rs. 72.34 lakhs.
NHPC reported an earnings per share (EPS) of Rs. 0.37 and a net worth per share of Rs. 101.40.
*Note that the profit statement provided pertains solely to the third quarter and does not represent cumulative figures. Consequently, although a net loss was reported for Q3, the published earnings per share (EPS) reflects the cumulative data available in the report. Therefore, despite the loss incurred in Q3, the EPS figure remains positive as it incorporates the cumulative performance data rather than being solely indicative of Q3 results.
Major Financial Highlights
| Particulars (In Rs '000) | National Hydro Power Company | ||
|---|---|---|---|
| Q3 2080/81 | Q3 2079/80 | Difference | |
| Paid Up Capital | 2,467,162.92 | 1,645,016.94 | 49.98% |
| Share Premium | 19,381.82 | 0.00 | - |
| Reserves and Surplus | 15,077.25 | 8,303.71 | 81.57% |
| Loan and Borrowings | 352,623.16 | 241,616.48 | 45.94% |
| Property, Plant & Equipment | 1,037,471.75 | 1,004,825.20 | 3.25% |
| Investment in Hydro Projects | 769,250.00 | 107,030.50 | 618.72% |
| Income from Power Sales | 29,163.73 | 29,141.47 | 0.08% |
| Administrative Expenses | 9,215.38 | 8,323.95 | 10.71% |
| Financial Cost | 7,234.98 | 11,291.09 | -35.92% |
| Other Income | 16.78 | 345.00 | -95.14% |
| Net Profit | -11,497.51 | -22,904.81 | - |
| EPS (In Rs.) | 0.37* | - | - |
| Net Worth per Share (In Rs.) | 101.40 | 100.50 | 0.89% |
| Qtr end PE Ratio (times) | 409.46 | - | - |
| Qtr End Market Price | 151.5 | - | - |
