United Modi Logs Impressive Growth

Aug 17, 2023 11:35 AM Merolagani



United Modi Hydropower (UMHL) has published fourth quarter report of the last FY. As per the report, its net profit and sales increased tremendously compared to the corresponding period of the previous FY.

During the period, it earned net profit of Rs 31.2 million which is 114.54 percent growth compared to Rs 14.5 million of the review period of  the previous FY.

Decrease in sales can be attributed to the increase in net profit.

In the review period, its sales declined by 16.09 percent to Rs 294.8 million compared to Rs 253.9 million of the previous FY. similarly, its total profit increased by 17.22 percent and other income by 61.59 percent. During the period, its final expenses increased by 24.13 percent.

Along with its net profit, its EPS increased by Rs 1.27 to Rs 2.54. The company maintained net worth per share of Rs 103.09 and P/E ratio of 83.85 times.

The company with Rs 1.23 billion in paid-up capital has reserve fund of Rs 38 million.




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