Kathmandu. Chilime Hydropower Company Limited has published its unaudited financial statements up to the third quarter of the current fiscal year. According to the report, although income from electricity sales saw a slight decline, the company’s overall financial position remained balanced due to earnings from investments.
By the Mid of April, the company earned Rs 823.6 million from electricity sales, compared to Rs 824.9 million during the same period last year, reflecting a marginal decline of around 0.15 percent. The company stated that lower power generation affected revenue.
Despite the slight drop in income, the company’s profit came under notable pressure. Net profit declined from Rs 514.8 million last year to Rs 456.9 million in the current year. Higher administrative and employee-related expenses, particularly increased bonus provisions, were cited as the main reasons behind the decline in profit.
Meanwhile, the company earned Rs 102.8 million from bank deposits and other financial investments, which is 14.23 percent higher than the previous year. This helped partially offset the fall in electricity sales revenue.
According to the company, reduced river water flow during the winter season affected electricity generation, which directly impacted revenue. On the other hand, rising employee and administrative costs compressed profits.
On the long-term expansion front, the company stated that several major projects are under development, including Seti River-3 Hydropower Project, Budhigandaki Prok Hydropower Project, and Syarkhola Hydropower Project. Once completed, these projects are expected to significantly increase the company’s production capacity and revenue.
Overall, Chilime Hydropower Company Limited appears financially stable at present, but dependence on generation output, rising costs, and seasonal factors indicate that challenges may continue in the future.
Jalasarokar