Api Power Company earns Rs 8.08 cr from net loss of Rs 66.67 lakh in Q4; income from power sales Rs 10.58 cr

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    Api Power Company Limited (API) has posted net profit of Rs 8.08 crore in the fourth quarter of the last fiscal year 2072/73.

    According to the unaudited quarterly report published by the company today, it stated that its net profit after income tax has increased to Rs 8.08 crore in fourth quarter from net loss of Rs 66.67 lakh in the corresponding quarter of the previous fiscal year.

    API made an income of Rs 10.58 crore, from selling electricity (Naugarh Gad Hydro), in Q4.Meanwhile, its income from other sources advanced to Rs 1.61 crore from Rs 10.81 lakh in the current quarter.

    The company’s total operating expenses has surged to Rs 1.21 crore in Q4 from Rs 58.93 lakh in the corresponding quarter of the previous fiscal year.

    Its reserve fund increased to Rs 6.71 crore in Q4 of the current quarter from negative of Rs 1.36 crore in the corresponding quarter of FY 2071/72.

    Investment of the hydropower company increased to Rs 14.54 crore in this quarter from Rs 1.01 crore of investment in the previous year corresponding quarter. Its share capital remains at Rs 1 arba.

    Its earning per share (EPS) stands at Rs 8.08, net worth per share at Rs 106.72 and P/E ratio remains at 104.3 times.

    Source : Share Sansar