Hydroelectricity Investment and Development Company Limited (HIDCL) reveals a robust financial performance in its recently released unaudited quarterly report for the second quarter of fiscal year 2080/81. Demonstrating an impressive 11.47% increase in net profit, the company achieved a milestone of Rs. 75.27 Crore compared to the previous year’s Rs. 67.52 Crore. With a solid foundation, HIDCL boasts a paid-up capital of Rs. 22.77 Arba and a substantial reserve and surplus of Rs. 1.89 Arba. The company’s strategic investment in equity, amounting to Rs. 3.23 Arba, resulted in a noteworthy revenue of Rs. 1.23 Crores during the same period. Additionally, HIDCL’s finance income of Rs. 1.07 Arba further accentuates its financial prowess, making it a promising entity in the realm of hydroelectric investment and development.
Highlights:
- Mountain Energy Nepal Limited (MEN) Records Marginal 1.63% Dip in Q2 Net Profit, Power Sales Revenue Slightly Decreases by 1.18%
- Jeevan Bikas Laghubitta Reports 32.87% Q2 Net Profit Decline, Core Revenue Slump, and Slight Deposit Rise
- SuryaJyoti Life Insurance Shines with 62.93% Net Profit Surge in Q2; EPS Reaches Rs. 10.41
- Sanima Reliance Life Insurance’s Q2 Net Profit Surges 96.48%; Life Insurance Fund at Rs. 12.69 Cr
- Salt Trading Corporation’s net profit increased by 47.39% in the second quarter, to Rs 14.86 per share.