HIDCL Raises Net Profit by 45.16%

May 11, 2023 09:52 AM Merolagani



Hydro Electricity Investment and Development Company (HIDCL) has published its thrid quarter report of the current FY.

As per the company’s report, the net profit of the company has increased by 45.16 percent during the period compared to the corresponding period of the previous FY.

In the review period, the company earned a net profit of Rs 1.01 billion. The net profit increased by 45.16 percent compared to Rs 696.1 million of the review period of the last FY.

Increase in financial income due to increase in bank interest rates can be attributed to the increase in its net profit.

During the period, its revenue from contract increased by 257.33 percent, while its financial income increased by 44.70 percent. However, its dividend income decreased by 5.57 percent.

The company with a paid-up capital of Rs 21.71 billion has reserve fund of Rs 2.66 billion.

The company logged EPS of Rs 6.21, P/E ratio of 31.42 times and net worth per share of Rs 107.02.

 

 




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