
Arun Valley Hydropower (AHPC) delivered a remarkable turnaround in FY 2024/25 Q4, with net income surging to Rs. 448 million and EPS climbing to Rs. 11.65, compared to nearly breakeven levels last year. Strong revenue growth, record profit margins, and improved ROA/ROE highlight operational efficiency and financial stability. With a market value of Rs. 291.69 per share and dividend payout of Rs. 3.16, AHPC has re-established itself as a robust performer in Nepal’s hydropower sector.

Arun Valley Hydropower Development Company (AHPC) has released its audited Q4 results for FY 2024/25, reporting a dramatic surge in profitability driven by strong revenue growth, higher efficiency, and improved returns compared to last year’s weak performance.
The company posted total revenue of Rs. 274.75 million, up 48.32% year-over-year from Rs. 112.27 million in Q4 2023/24. Revenue growth was consistent across quarters, with a near fivefold rise from Q1 levels, underscoring strong operational recovery and power generation momentum.
Gross profit stood at Rs. 223.58 million, yielding a robust margin of 81.38%, significantly higher than last year’s 64.24%. Net income skyrocketed to Rs. 448.14 million, compared to just Rs. 5.88 million in Q4 last year, reflecting an extraordinary net margin of 163.11%.
For shareholders, EPS (annualized) improved sharply to Rs. 11.65, compared to only Rs. 0.16 last year, while the PE ratio normalized to 25.05, down from an unrealistic 1,129x valuation in Q4 2023/24. Book Value per Share climbed to Rs. 112.25, up from Rs. 103.95 last year, while the market price per share surged to Rs. 291.69, significantly higher than last year’s Rs. 177.90. The company has declared a cash dividend of Rs. 3.16 per share.
Return on Assets (ROA TTM) rose strongly to 10.17%, from just 0.17% a year ago, showing efficient use of assets.
Return on Equity (ROE TTM) increased to 10.94%, compared to only 0.25% last year, signaling significant improvement in shareholder value creation.
Margins remained exceptionally high throughout FY 2024/25, ranging above 80%, supported by stable cost structures and higher energy sales.
Written by
Sandeep Chaudhary