Kalika Power Increases Net Profit by 69.85%

Feb 11, 2019 Merolagani

Kalikas Power Company (KPCL) has increased its net profit by 69.85 percent to Rs 20.3 million in the second quarter of the current FY compared to Rs 11.9 million of the corresponding period of the last FY.

The company increased it's earning from electricity by 5.34 percent to Rs 100 million which was Rs 94.9 million in the review period of the last FY.

During the period, the company raised its paid-up capital to Rs 600 million from earlier Rs 420 million through IPO issuance.

In the review period, the company brought its reserve loss of Rs 5.4 million of the review period to a reserve fund to Rs 5.1 million.

In the meantime, its cost of electricity increased to Rs 9.5 million from earlier Rs 6.6 million. The operating expenses of the company, however, decreased by Rs 2.2 million during the period.

The company has EPS of Rs 6.78, net worth per share of Rs 100.86 and P/E ratio of 14.60.

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