Panchakanya Mai reports net loss of Rs 7.23 crore in the fourth quarter; Will the shares get listed in the secondary market after the report?

Recently allotted Panchakanya Mai Hydropower has published its fourth quarter report for the FY 2074/75.

In the fourth quarter, the hydropower company reported net loss of Rs 7.23 crore which was net profit of Rs 1.67 crore in the fourth quarter of the FY 2073/74.

The company earned Rs 36.48 crore as electricity sale to NEA.

Its share capital stands at Rs 99.55 crore with negative reserve of Rs 5.03 crore.

The hydropower company had issued IPO for the general public worth Rs 11 crore which have not been listed in the secondary market. The cause of the delay was reported to be amendments in the financial statements.

As, the company has published its financial statements, it can be assumed that the shares will be listed quickly.