Api Power Company’s Financial Report Published: Significant Growth in Net Profit

Api Power Company Limited has released its financial report for the second quarter of fiscal year 2081. The report shows remarkable progress, with the company achieving substantial growth in net profit compared to the same period in the previous fiscal year.

Growth in Net Profit

• The company reported a net profit of Rs 311.68 million for the second quarter of the current fiscal year.

• This is a significant increase compared to the Rs 2.14 million net profit reported in the same period last year.

Increase in Electricity Sales Revenue

• The company's electricity sales revenue grew by 38.38%, reaching Rs 858.05 million.

• The rise in electricity sales played a key role in boosting the company's overall profitability.

Sharp Rise in Operating Profit

• Operating profit surged by 229.11%, totaling Rs 715.22 million.

Improved Gross Profit

• Gross profit increased by 33.66%, reaching Rs 710.82 million.

Rise in Financial Costs

• Financial costs also increased by 57.99%, amounting to Rs 339.35 million.

Earnings Per Share (EPS)

• The company’s annualized EPS climbed to Rs 10.26, a rise of Rs 10.19 from the previous year.

Net Worth Per Share

• Net worth per share stands at Rs 109.18.

Price-to-Earnings (PE) Ratio

• The PE ratio of the company is 25.83 times as of the end of this quarter.

Paid-Up Capital and Equity

• The company’s paid-up capital reached Rs 6.08 billion, with Rs 557.64 million in other equity, reflecting a 191.47% growth.

Api Power Company has demonstrated remarkable financial progress due to increased electricity sales and a surge in operating profit. With its robust performance in key financial metrics like net profit, EPS, and operational growth, the company is on track to sustain its positive momentum in the coming quarters.