Increased Operating Expenses Caused a 13.89% Drop in National Hydro Power’s Net Profit for Q2; Company to Issue 50% Right Shares Soon

Increased Operating Expenses Caused a 13.89% Drop in National Hydro Power’s Net Profit for Q2; Company to Issue 50% Right Shares Soon

 

National Hydro Power Company Limited (NHPC) reported a 13.89% decrease in net profit in the second quarter (Q2) of the current fiscal year 2079/80. Profit decreased to Rs.73.61 Lakhs in this quarter from Rs.85.49 Lakhs in the previous year’s corresponding quarter.

NHPC has collected a total of Rs. 5.58 crores in revenue as of the end of Q2. On the other hand, the company reports an increase in administrative expenses of 80.30% and interest expenses of 32.42%, both of which have impacted NHPC’s profitability for this quarter.

Click here for Q2 report

Particulars (In Rs ‘000) National Hydro Power
Q2 2079/80 Q2 2078/79 Difference
Paid Up Capital 1,645,016.94 1,385,911.20 18.70%
Reserve & Surplus 31,208.52 260,869.69 -88.04%
Property, Plant & Equipment 1,019,246.10 944,175.30 7.95%
Advances & Receivables 121,077.76 415,807.48 -70.88%
Provisions 15,826.10 5,306.75 198.23%
Revenue 55,893.70 55,513.74 0.68%
Administrative Expenses 9,373.60 5,198.92 80.30%
Finance Expenses 8,123.08 6,134.55 32.42%
Net Profit 7,361.97 8,549.26 -13.89%
EPS (In Rs.) 0.90 1.23 -27.45%
Net Worth per Share (In Rs.) 101.90 118.82 -14.24%
Qtr end PE Ratio (times) 280.43
Qtr End Market Price 251

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