HIDCL Improves Net Profit

Aug 15, 2022 10:29 AM Merolagani

Hydro Electricity Investment and Development Company (HIDCL) has published its fourth quarter report of the last FY. As per the company’s report, the net profit of the company has recorded a nominal growth during the period compared to the corresponding period of the previous FY.

In the review period, the company earned a net profit of Rs 976.2 million. The net profit increased by 22.08 percent compared to Rs 799.6 million of the review period of the previous FY.

Increase in income can be attributed to the increase in its net profit.

During the period, its revenue from contract increased by 249.39 percent, while its financial income increased by 18.77 percent, dividend income increased by 31.33 percent and other income increased by 241.12 percent.

The company with a paid-up capital of Rs 20.71 billion has decreased its reserve fund by 5.08 percent.

The company logged EPS of Rs 4.71, P/E ratio of 52.41 times, P/E ratio of 42.44 times and net worth per share of Rs 108.08.

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