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Increased Operating Expenses Caused a 13.89% Drop in National Hydro Power’s Net Profit for Q2; Company to Issue 50% Right Shares Soon

National Hydro Power Company Limited (NHPC) reported a 13.89% decrease in net profit in the second quarter (Q2) of the current fiscal year 2079/80. Profit decreased to Rs.73.61 Lakhs in this quarter from Rs.85.49 Lakhs in the previous year’s corresponding quarter.

NHPC has collected a total of Rs. 5.58 crores in revenue as of the end of Q2. On the other hand, the company reports an increase in administrative expenses of 80.30% and interest expenses of 32.42%, both of which have impacted NHPC’s profitability for this quarter.

Click here for Q2 report

Particulars (In Rs ‘000)National Hydro Power
Q2 2079/80Q2 2078/79Difference
Paid Up Capital1,645,016.941,385,911.2018.70%
Reserve & Surplus31,208.52260,869.69-88.04%
Property, Plant & Equipment1,019,246.10944,175.307.95%
Advances & Receivables121,077.76415,807.48-70.88%
Provisions15,826.105,306.75198.23%
Revenue55,893.7055,513.740.68%
Administrative Expenses9,373.605,198.9280.30%
Finance Expenses8,123.086,134.5532.42%
Net Profit7,361.978,549.26-13.89%
EPS (In Rs.)0.901.23-27.45%
Net Worth per Share (In Rs.)101.90118.82-14.24%
Qtr end PE Ratio (times)280.43
Qtr End Market Price251

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