The company has earned a net profit of Rs 1.35 billion during the period, which is 51.84 percent higher Rs 895.1 million of the review period of the previous FY.
The company earned Rs 2.84 billion by selling electricity in the last FY compared to Rs 2.64 billion in the previous FY. The total profit after deducting direct taxes and amortization stood at Rs 1.99 billion while operating profit after deducting administrative expenses stood at Rs 1.97 billion.
The company's financial expense (interest liability) decreased to Rs 577.5 million from Rs 802.1 million in the previous FY, which played a major role in increasing the profit.
The company has further strengthened its financial base and reserves. The company has a paid-up capital of Rs 4.57 billion. The reserve fund of the company increased to Rs 3.68 billion from Rs 3.16 billion in the previous FY.
The company's medium and long-term debt has decreased from Rs 9.17 billion to Rs 8.86 billion. Similarly, the total assets of the company stood at Rs 18.46 billion.
The company has started the 341 MW 'Budhi Gandaki 'A' Hydropower Project through its subsidiary company Times Energy Private Limited. For this, the company has forwarded the necessary work with a proposal to issue right shares.
