UPPER1 min readUpper Tamakoshi Hydropower Ltd. (UPPER) Struggles with Heavy Losses Despite Strong RevenuesUpper Tamakoshi Hydropower Ltd. (UPPER) closed FY 2024/25 Q4 with Rs. 6.92 billion in revenue but a net loss of Rs. 2.57 billion, marking its continued struggle to translate strong generation capacity into sustainable profits. While operational margins remain high at 97%, excessive debt and financial costs are eroding profitability. EPS remains negative, book value per share continues to fall, but investor confidence is still reflected in a higher market price of Rs. 198.56. UPPER’s turnaround will depend on restructuring debt and improving financial discipline.Sandeep Chaudhary·23 Aug, 2025
RFPL1 min readRiver Falls Power Limited (RFPL) Q4 Results: Revenue Up but Profitability Almost Wiped OutRiver Falls Power Limited (RFPL) ended FY 2024/25 Q4 with Rs. 232.94 million revenue and only Rs. 1.08 million profit, down from Rs. 61.63 million last year. While revenues grew nearly 20% and gross margins stayed above 93%, profits collapsed, leading to negligible EPS (0.15) and an extremely high PE multiple. With a strong market price of Rs. 616.50, RFPL’s valuation appears speculative, relying heavily on future growth expectations rather than current profitability.Sandeep Chaudhary·23 Aug, 2025
UNHPL1 min readUnion Hydropower Limited (UNHPL) Posts Steady Growth with Improved Profitability in Q4Union Hydropower Limited (UNHPL) ended FY 2024/25 Q4 with Rs. 75.10 million in revenue and Rs. 26.22 million net profit, marking a more than 2.5x jump in earnings from last year. With EPS at Rs. 3.50, strong gross margins above 97%, and rising ROA/ROE, UNHPL has consolidated its financial stability. However, its high PE ratio (119x) suggests the stock is trading at expensive valuations relative to earnings. With a market price of Rs. 417.81, investors appear bullish on UNHPL’s long-term growth potential.Sandeep Chaudhary·23 Aug, 2025
GUFL1 min readGurkhas Finance Ltd. (GUFL) Reports Heavy Loss in Q4 Amid Rising NPL PressureGurkhas Finance Ltd. (GUFL) ended FY 2024/25 Q4 with Rs. 838.09 million revenue but a net loss of Rs. 127.39 million, dragged down by rising NPLs and weak income growth. EPS turned negative (-Rs. 14.68), book value fell, and NPLs hit a concerning 16.10% level. On the positive side, GUFL managed to improve liquidity and maintain spreads while lowering cost of funds. However, restoring asset quality and profitability will be critical for investor confidence going forward.Sandeep Chaudhary·23 Aug, 2025
TSHL1 min readThree Star Hydropower Limited (TSHL) Ends Q4 Nearly Breakeven After Heavy Past LossesThree Star Hydropower Limited (TSHL) ended Q4 FY 2024/25 with Rs. 150.62 million revenue and near breakeven profit of Rs. 0.25 million, marking a recovery from deep losses in the previous year. While gross margins remain strong, net income is minimal, EPS is negligible, and valuations are overstretched. With a high market price of Rs. 731.70, investor confidence in TSHL reflects optimism about future growth in Nepal’s hydropower sector, but sustained profitability will be crucial for long-term stability.Sandeep Chaudhary·23 Aug, 2025
AKPL1 min readArun Kabeli Power Ltd. (AKPL) Swings Back to Strong Profitability in Q4Arun Kabeli Power Ltd. (AKPL) posted a remarkable turnaround in FY 2024/25 Q4 with Rs. 632.29 million in revenue and Rs. 170.16 million in profit, reversing a heavy loss in the same quarter last year. EPS climbed to Rs. 4.37, margins strengthened above 87%, and both ROA and ROE turned positive. With a market price of Rs. 262.97 per share, AKPL has regained investor confidence and reestablished itself as a stable performer in Nepal’s hydropower sector. Sustaining this profitability will be key as the company scales further.Sandeep Chaudhary·23 Aug, 2025
JBLB1 min readJyoti Bikas Bank Limited (JBBL) Struggles in Q4 with Sharp Drop in ProfitabilityJyoti Bikas Bank (JBBL) ended FY 2024/25 Q4 with Rs. 5.73 billion revenue but only Rs. 12.38 million net profit, a sharp fall from last year’s Rs. 246 million. Earnings collapsed as EPS fell to Rs. 0.28, while asset quality worsened with NPLs rising to 7.98%. On the positive side, gross margins improved, cost of funds decreased, and capital adequacy strengthened slightly. Despite weak fundamentals, JBBL’s share price rose to Rs. 351.54, indicating investor optimism. To sustain growth, JBBL must improve loan quality and restore profitability.Sandeep Chaudhary·23 Aug, 2025
GLH1 min readGreenLife Hydropower Limited (GLH) Returns to Profit in Q4 with Improved EarningsGreenLife Hydropower Limited (GLH) posted a net profit of Rs. 43.39 million in Q4 FY 2024/25, marking a strong rebound from prior-year losses. EPS turned positive at Rs. 2.41, book value per share increased, and ROE improved to 2.65%, while the share price climbed above Rs. 270. Although valuation remains relatively high (PE 113x), GLH’s improving profitability trend and stronger balance sheet indicate growing investor confidence. Sustaining this profitability will be crucial for long-term stability.Sandeep Chaudhary·23 Aug, 2025
AKJCL1 min readAnkhu Khola Jalvidhyut Company Ltd. (AKJCL) Returns to Profit in Q4 with Stable MarginsAnkhu Khola Jalvidhyut Company Ltd. (AKJCL) ended FY 2024/25 Q4 with Rs. 169.70 million revenue and Rs. 41.04 million profit, reversing last year’s losses. EPS turned positive at Rs. 2.05, while book value strengthened to Rs. 90.41 per share. With consistently high gross margins and a restored bottom line, AKJCL is back on a growth track. However, relatively low ROE and high PE valuation suggest the need for sustained profitability to justify market optimism.Sandeep Chaudhary·23 Aug, 2025
AHPC1 min readArun Valley Hydropower (AHPC) Posts Extraordinary Profit Surge in Q4Arun 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.Sandeep Chaudhary·23 Aug, 2025