Bhagawati Hydropower Limited (BGWT) has announced a net profit of Rs. 3.77 Crores in the second quarter (Q2) of the current fiscal year 2080/81, marking a 23.26% increase from the same quarter last year when it was Rs. 3.06 crores.
Notably, the company has successfully paid off its long-term loans, resulting in no long-term debt burden. This move is expected to significantly reduce finance costs, as the company’s financial obligations will now primarily focus on short-term liabilities. As a result, a substantial portion of the sales revenue is expected to be channeled towards strengthening reserves.
Highlights:
- Mandu Hydropower Q2 Earnings Surge by 11.78% Amidst Revenue Dip; Impressive 22.76% Reduction in Debt
- Sikles Hydropower’s Q2 Earnings Show Slight Growth; Debt Decreases
- Soaltee Hotel Limited Q2 FY 2080/2081: Net Profit Rs. 26.31 Crores, 9.44% Revenue Growth
- Sanima Mai Hydropower Company Reports 6.02% Increase in Q1 Net Profit and Strategic Investments
- NMB Bank and HIDCL to Invest 7.40 Arba Rupees in Upper Modi A Hydropower Project