Right-Share Issued NHPC Unveils Q4 Report With Overall Improvements Across Financial Indicators; EPS and Net worth Per Share Still Low

National Hydro Power Company Limited (NHPC) has published its fourth-quarter report for the recently concluded financial year 2079-80 with significant improvement in its Net Profits as it has managed to earn Rs. 48.32 lakh until the same period. Until the corresponding quarter of FY 2078-79, the company had lost Rs. 1.74 crores.

The revenue from power sales—which is considered the core business revenue stream for hydropower companies—has declined slightly by 4.57 percent, totaling Rs 4.69 crores as of FY 2079-80’s end.

The Finance Expenses of the company have declined sharply by 56.23 percent summing to only Rs. 25.16 lakhs, as of FY 2079-80. Meanwhile, up to the same period, the administrative expenses of the company have declined considerably as well by 26.87 percent totaling Rs. 90.33 lakhs.

With an improvement in Net profits, the Earnings per Share (EPS) of the company has improved as well to stand at Rs. 0.29, which although an improvement is still very low, alongside a Net worth per Share of Rs. 100.80 only.

The company maintains Rs. 1.64 Arba in paid-up capital and has Rs. 1.31 crores in the form of reserve and surplus.

The PPA agreement for the Lower Indrawati Hydropower Project (4.5 MW) has been successfully completed, and the approval letter has been received. The repairs to the damaged tunnel of the hydropower project, along with the reconstruction of other structures, have been finished. The tender process for the civil works and the purchase of electronic equipment for the project is currently underway. In terms of financial management, procedures have been advanced in collaboration with various organizations.

Following the acquisition of Sunkoshi Hydropower Company Limited, all investments made by the company in the Indrawati Hydropower Project have been transferred to the Work in Progress (WIP) category of the project.

Recently, National Hydro Power Company Limited (NHPC) has closed the issue of its ongoing 10: 5 ratio right shares on 18th Shrawan, 2080. This issue was open from 29th Ashad. The current paid-up capital of the company is Rs. 1.64 Arba. Hence, after the issue of the 50% right shares or 82,21,459.7178 units of right shares, the paid-up capital of the company will be increased to Rs. 2.46 Arba.

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Major Financial Highlights: