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HIDCL Records Impressive Increase in Q3 Net Profit

Hydroelectricity Investment and Development Company Limited (HIDCL) has revealed its unaudited quarterly report for the third quarter of fiscal year 2080/81, highlighting a remarkable 7.92% surge in net profit compared to the previous year. The company achieved a net profit of Rs. 1.09 Arba during this period, showcasing its robust financial performance.

As of the third quarter, HIDCL’s paid-up capital stands strong at Rs. 22.77 Arba, complemented by a reserve and surplus of Rs. 2.79 Arba. The company’s strategic investment in equity amounts to Rs. 4.04 Arba, generating substantial revenue of Rs. 1.26 Crores in the same period. Moreover, HIDCL recorded a significant finance income of Rs. 1.58 Arba during this quarter, reflecting its prudent financial management.

Furthermore, HIDCL has extended loans to power projects totaling Rs. 7.36 Arba up to Q3, indicating its active involvement in the development of the energy sector. Additionally, the company holds term deposits amounting to Rs. 14.76 Arba across various banks, underscoring its diversified investment portfolio.

The company boasts an annualized Earnings Per Share (EPS) of Rs. 6.38, demonstrating its profitability and shareholder value. The quarter-end Price/Earnings (P/E) ratio stands at 26.22 times, reflecting investor confidence in HIDCL’s growth prospects. Moreover, the net worth per share is reported at Rs. 112.29, showcasing the company’s strong financial foundation.

In summary, HIDCL’s unaudited quarterly report underscores its resilience and positive trajectory amidst challenging economic conditions, positioning it as a key player in the energy sector.


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