RADHI
Radhi Bidyut Company Q4 Results: Extraordinary Profit Surge Despite Modest Revenue Growth
Radhi Bidyut Company Ltd. (RADHI) posted Q4 revenue of Rs. 128.93 million (+253.36% YoY), with gross profit of Rs. 90.20 million (69.96% margin). Net income surged to Rs. 379.82 million, lifting profit margin to an extraordinary 294.58%. EPS improved to Rs. 20.65, while ROE jumped to 17.10%. Despite higher operating costs, RADHI delivered one of the strongest earnings performances in the hydropower sector. The stock trades at Rs. 810.24 vs. book value Rs. 136.40, reflecting strong investor optimism. Dividend declaration is pending.
Sandeep Chaudhary
1 min read
Radhi Bidyut Company Ltd. (RADHI) has published its audited financial results for the fourth quarter of FY 2024/25, showing a remarkable surge in profitability despite relatively modest revenue growth.
The company reported a total revenue of Rs. 128.93 million in Q4, up sharply by 253.36% year-on-year compared to Rs. 97.43 million in Q4 of FY 2023/24. Sequentially, revenue also grew steadily from Rs. 103.88 million in Q3. This strong top-line momentum highlights improved power generation and sales performance.
The gross profit stood at Rs. 90.20 million, with a gross margin of 69.96%, down from the exceptionally high 84–86% range seen in earlier quarters. This suggests rising operating costs, though margins remain healthy compared to the industry average.
The standout performance came in net earnings. Net income skyrocketed to Rs. 379.82 million in Q4, compared to Rs. 92.78 million in Q4 of last year and Rs. 81.10 million in Q3. The net profit margin surged to an extraordinary 294.58%, far above sector norms, likely boosted by non-operational income (such as revaluation gains or one-off adjustments) in addition to core operating profits.
Return ratios reflected this surge. Return on Assets (ROA) jumped to 15.94%, compared to just 4.32% last year, while Return on Equity (ROE) improved to 17.10%, up from 4.48% a year ago. These are among the highest return levels in the hydropower sector.
On a per-share basis, EPS (annualized) climbed to Rs. 20.65, up from Rs. 5.28 in Q4 of FY 2023/24 and Rs. 5.88 in Q3. The reported PE ratio dropped to 39.23, reflecting improved earnings power and making the stock look more reasonably valued compared to prior periods.
From a balance sheet perspective, the book value per share increased to Rs. 136.40, while the market value per share rose to Rs. 810.24, nearly six times book value. This premium shows strong investor confidence in RADHI’s earnings momentum and long-term hydropower prospects.
Dividend details for FY 2024/25 have not yet been declared.
Written by
Sandeep Chaudhary