Upper Tamakoshi Hydropower’s Income Declines

Nov 15, 2024 12:48 PM Merolagani



Upper Tamakoshi Hydropower (UPPER) has published the first quarter report of the current FY.

As per the report, its sales income decreased in the review period compared to the corresponding period of the last FY.

During the period, its sales income decreased by 21.12 percent to Rs 2.93 billion compared to Rs 3.71 billion in the last FY.

According to the report, due to destruction caused by the landslide on September 28, electricity generation has been stalled resulting in a decline in it's income.

Along with its income, its net profit decreased by 37.26 percent to Rs 631.9 million. In the review period of the last FY, it earned net profit of Rs 1 billion.

Similarly, its operating profit declined by 29.85 percent. Meanwhile, its financial income increased by 114.46 percent and financial expenses by 24.88 percent.

The company maintained EPS of Rs 11.94, net worth per share of Rs 61.42 and P/E ratio of 19.05 times.

The company with Rs 21.18 billion in paid-up capital has retained losses of Rs 9.29 billion.

 




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