Upper Syange Hydropower Improved Q3 Performance with Reduced Net Loss of Rs. 34.17 Lakhs, Electricity Sales Surge by 116.09%
Sun, Apr 28, 2024 10:01 AM on Latest, Financial Analysis, Company Analysis,
Upper Syange Hydropower Limited (USHL) has unveiled its unaudited third-quarter report for FY 2080/2081, disclosing a net loss of Rs. 34.17 lakhs for Q3, representing a notable improvement from the net loss of Rs. 3.92 Crores reported in the corresponding quarter of the previous year.
USHL maintains its paid-up capital at Rs. 22 Crores while revealing negative reserves and surplus amounting to Rs. 7.75 crores.
The company's electricity sales surged by 116.09% to Rs. 5.06 Crores in Q3 of FY 80/81. Additionally, USHL reported investments worth Rs. 1.02 Crores, while loans decreased marginally by 0.87% to Rs. 34.32 Crores.
Administrative expenses witnessed a 6.76% decrease during this period, totaling Rs. 37.67 lakhs, with finance expenses amounting to Rs. 4.09 crores.
USHL reported a negative earnings per share (EPS) of Rs. 2.07 and a net worth per share of Rs. 64.73.
Major Highlights:
| Particulars (In Rs '000) | Upper Syange Hydropower Limited | ||
|---|---|---|---|
| Q3 2080/81 | Q3 2079/80 | Difference | |
| Paid Up Capital | 220,000.00 | 220,000.00 | 0.00% |
| Share Premium | 0.00 | 0.00 | - |
| Reserves and Surplus | -77,589.30 | -71,878.59 | - |
| Loan and Borrowings | 343,200.00 | 346,200.00 | -0.87% |
| Property, Plant & Equipment | 1,287.97 | 1,515.82 | -15.03% |
| Investments | 10,200.00 | 0.00 | - |
| Income from Power Sales | 50,607.55 | 23,419.82 | 116.09% |
| Administrative Expenses | 3,767.63 | 4,040.64 | -6.76% |
| Financial Cost | 40,914.72 | 40,869.50 | 0.11% |
| Other Income | 11,705.56 | 15.20 | 76930.52% |
| Net Profit | -3,417.87 | -39,265.84 | - |
| EPS (In Rs.) | -2.07 | -23.80 | - |
| Net Worth per Share (In Rs.) | 64.73 | 67.33 | -3.86% |
| Qtr end PE Ratio (times) | - | - | - |
| Qtr End Market Price | 514 | - | - |
