Tehrathum Power Company’s Profit Rises by 22.19%, But Earnings Per Share Decline

Tehrathum Power Company Limited (TPC) has published its unaudited financial statement for the first quarter of the current fiscal year 2082/83. According to the report, the company has posted a moderate increase in net profit compared to the same period last year.

By the end of Ashoj (first quarter), the company earned a net profit of NPR 56.2 million, which is 22.19% higher than the NPR 46 million recorded in the same period of the previous fiscal year.

Although the company’s electricity sales revenue fell by 0.50% to NPR 82.3 million, its total profit decreased by 0.82% and operating profit by 1.14%. However, due to a significant 54.58% reduction in financial expenses, the company managed to increase its overall net profit.

Despite the rise in profit, the company’s Earnings Per Share (EPS) declined. During the review period, EPS fell by NPR 17.91 to NPR 28.12. This decline was mainly due to an increase in paid-up capital outpacing the growth in net profit.

By the end of the first quarter, the company’s net worth per share stood at NPR 99.61, and its price-to-earnings (P/E) ratio was 9.99 times.

The company currently has a paid-up capital of NPR 800 million, while its reserve fund remains negative at NPR 0.31 million.