Rairang Hydropower Logs Impressive Growth

Nov 17, 2019 12:50 PM Merolagani

Rairang Hydropower (RRHP) has earned a net profit of Rs 7.9 million in the first quarter of the current FY. The net profit increased by 569.18 percent compared to Rs 1.1 million of the review period of the last FY.

According to the company, the sale of electricity produced by Ewa Khola attributed to the impressive growth in the net profit. The company earned Rs 11.6 million through Ewa Khola during the period.  

Similarly, the company earned Rs 1.5 million from sale of electricity of Rairang Khola which was Rs 318,000 in the last FY.

The company with Rs 560 million in paid-up capital has reserve fund of Rs 8.1 million.

In the review period, the company logged EPS of Rs 5.69 and net worth per share of Rs 101.45.

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