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Upper Tamakoshi Hydropower Limited Reports Net Profit For The First Time After Full Operation of Project

Upper Tamakoshi Hydropower Limited (UPPER) has reported a Net Profit of Rs. 86 crores in the first quarter (Q1) of the current FY 2078/79. The company earned Net Profit for the first time since the company has gone into full operation in last 2 months.

The company has finally gone into full operation with a project capacity of 456 MW.

UPPER has sold electricity worth Rs. 1.72 Arba in this quarter.

Its reserve fund stands at Rs. -20.08 crores with share capital at Rs 10.59 Arba.

The company sits in a liquidity position of 0.59 times. The acceptable ratio is 1.5 times.

Its annualized earnings per share stood at Rs. 32.48. The net worth per share at Rs 98.10 and the P/E ratio stood at 21.52 times.

Major Highlights:

Particulars Upper Tamakoshi Hydropower Limited
Q1 2078/79 Q1 2077/78 Difference
Paid Up Capital   10,590,000.00   10,590,000.00 0.00%
Retained Earnings       (200,891.24)       (719,353.42) -72.07%
Property, Plant and Equipment   86,203,030.04   78,229,879.07 10.19%
Loans and Advances   45,000,000.00   41,333,098.12 8.87%
Cash and Cash Equivalents         269,605.44         171,986.08
Sale of Electricity      1,727,751.94                          –
Other Income                   69.88                   16.21
Operation and Maintenance Expenses           28,007.10           10,226.81 173.86%
Operating Profit      1,366,366.38            (7,187.95)
Net Profit         860,019.04          (17,801.74)
EPS (In Rs.) (Not Annualized)                   32.48                    (0.67)
Net Worth per Share (In Rs.)                   98.10                   93.21 5.25%
Qtr End P/E Ratio                   21.52                          –

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