HIDCL Profitable by Rs. 67.93 Crore in Q4; Equity Investment Rises to Rs. 4.46 Arba
Summary
Hydroelectricity Investment and Development Company Limited (HIDCL) posted a net profit of Rs. 67.93 crore in the fourth quarter of FY 2082/83, down 27.29% from a year earlier. Its equity investment rose to Rs. 4.46 arba, while loans to power projects increased and finance income declined.
Key Points
- HIDCL reported a net profit of Rs. 67.93 crore in Q4 FY 2082/83, marking a 27.29% year-on-year decline.
- Its equity investment rose 5.46% to Rs. 4.46 arba and loans to power projects increased 14.94% to Rs. 8.45 arba.
- Finance income fell 28.96% to Rs. 99.10 crore, while administration expenses rose 37.33%.
- The company’s annualized EPS dropped to Rs. 2.73 and its net worth per share slipped to Rs. 112.65.
