Menchhiyam Hydropower Incurs Loss of Rs 40 Mn

Aug 21, 2023 12:28 PM Merolagani

Menchhiyam Hydropower (MCHL) has incurred net loss of Rs 43.8 million in the last FY.

Such loss was Rs 10.1 million in the corresponding period of the previous FY.

Meanwhile, its electricity sales increased to Rs 13.9 million during the period.

During the period, its interest expenses increased to Rs 31.9 million, operating expenses to Rs 10.8 million and depreciation to Rs 12.5 million.

The company with Rs 539.8 million in paid-up capital has reserve loss of Rs 129.5 million.

The company logged EPS of Rs 8.13 and net worth per share of Rs 76.

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