National Hydropower Logs Profit backed by Write Back

Dec 05, 2021 11:10 AM Merolagani



National Hydropower Company (NHPC) has published its first quarter report of the current FY. As per the report, its net profit has increased compared to the corresponding period of the last FY. 

In the review period, the company has earned a net profit of Rs 587.4 million compared to Rs 23.7 million of the review period of the last FY.

Although its sales decreased during the period, write back provision pulled its net profit up. In the review period, its sales decreased to rs 13.5 million from Rs 66.4 million. The company has total loss of Rs 4.5 million during the period.

The company wrote back rs 617.2 million of its investment after it got approval of Lower Indrawati Hydropower Project (4.5MW).

The company with Rs 1.38 billion in paid-up capital has reserve fund of Rs 232.2 million.

The company has EPS of Rs 41.31, P/E ratio of 10.46 times and net worth per share of Rs 116.76.

 




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