Ridi Hydropower Development Company reports rose in net profit of 35.25% in the first quarter of fiscal year 2075/76.
As per the published report, net profit after tax rose to Rs.96.70 lakh in this Q1 of Fy 2075/76 from Rs.71.49 lakh in the same period of last fiscal year 2074/75.
Major income of hydropower is from power sales. Income from power sales is increased to Rs.1.53 crore from Rs.1.33 crore in the comparing period. It is rose by 15.58%.
It has administrative expanses of 11 lakh, project expanses of Rs.16.61 lakh and interest expanses of Rs.15.02 lakh in Q1.
Its paid up capital is Rs.50.10 crore with reserve fund of Rs.4.26 crore.
Annualized earning per share is Rs.7.72 & net worth per share is Rs.109. PE ratio stands at 223.84 times.
