Sikles Hydropower Reports Sales Revenue Worth Rs 19.33 Crores for Q2; EPS at Rs 14.77 & Net Worth Per Share at Rs 119.90
Mon, Feb 13, 2023 1:15 PM on Latest, Financial Analysis, Stock Market,
Sikles Hydropower Limited (SIKLES) has posted a net profit of Rs. 6.27 Crores in the second quarter (Q2) of the current FY 2079/80.
The company reported a total income from power sales amounting to Rs. 19.33 crores in this quarter, and income from other sources amounting to Rs 5.26 Lakhs for the second quarter (Q2) for the Fiscal Year 2079/2080.
SIKLES reported administrative expenses and interest expenses amounting to Rs. 1.10 Crores and Rs 7.35 Crores, respectively for this period.
Also, Sikles Hydropower has signed for Power Purchase Agreement (PPA) with the Nepal Electricity Authority with an installed capacity of 13 MW on the basis of design discharge at a 43% probability of exceedance flow.
Its reserve fund stands at Rs. 16.91 crores with share capital at Rs 85 Crores.Its annualized earning per share stands at Rs 14.77, net worth per share at Rs 119.90 and P/E ratio stood at 29.24 times.
Major Financial Highlights
| Particulars (In Rs '000) | Sikles Hydropower |
|---|---|
| Q2 2079/80 | |
| Paid Up Capital | 850,000.00 |
| Reserve Funds & Accumulated Profit | 169,137.31 |
| Long Term Loan | 1,356,708.70 |
| Revenue from Power Sales | 193,330.66 |
| Income from Other Sources | 526.83 |
| Administrative Expenses | 11,072.69 |
| Finance Expenses | 73,506.48 |
| Net Profit | 62,792.92 |
| EPS (In Rs.) | 14.77 |
| Net Worth per Share (In Rs.) | 119.90 |
| Qtr end PE Ratio (times) | 29.24 |
| Qtr End Market Price | 432 |
