Terhathum Power Company's Q2 Report: Surge in Net Profit to Rs. 64.62 Lakhs Accompanied by Increase in Revenue

Terhathum Power Company Limited (TPC) witnessed a remarkable 875.71% surge in net profit during the second quarter (Q2) of FY 2080/81, marking a substantial increase from Rs. 6.62 lakhs in the corresponding quarter of the previous year to Rs. 64.62 lakhs in the current quarter.

The company's revenue from power sales for this quarter reached Rs. 9.01 crores, reflecting an impressive 8.85% growth compared to the same quarter last year. Meanwhile, long-term loans and borrowings of the company stands at Rs. 96.81 Crores.

Notably, TPC has successfully initiated the commercial operation of the 7.5 MW Upper Khorunga Khola Small Hydropower Project, contributing to its enhanced performance. The completion of the transmission line has enabled the sale of produced energy to NEA on a take-and-pay basis since 10 Bhadra 2078. Furthermore, the power purchase agreement with NEA for the 2 MW cascade project - Khorunga Tangmaya Small Hydropower, has been successfully concluded.

However, the company faces challenges, as a decrease in water flow, coupled with reduced energy production, has impacted its performance compared to the previous quarter. Despite this, as of the quarter-end, no adverse incidents or situations affecting the financial affairs of the company have been observed.

TPC's financial landscape includes negative reserves and a surplus of Rs. 13.89 Crores, with share capital standing at Rs. 40 Crores. The annualized earnings per share (EPS) is reported at Rs. 3.23, and the net worth per share stands at Rs. 65.25.