Ngadi Group Power profit declines by 3.50 percent in the third quarter
June 4, 2019 | Investopaper
Ngadi Group Power Limited has finally published the third quarter report of F.Y. 2075/76. As per the unaudited report, the net profit has declined by 3.50 percent from the corresponding quarter of the previous year. The net profit in this third quarter is Rs. 4.17 crores.
The decline in profit is due to a decrease in income from power sales and rise in the project expenses. The hydropower company generated an income of Rs. 10.67 crores from power sales until the third quarter.
Ngadi Group Power has paid-up capital of Rs. 53.56 crores with accumulated reserves of Rs. 4.52 crores. The company has decreased its secured loans to Rs. 32 crores.
The Annualized EPS is Rs. 10.38 with net-worth per share of Rs. 108.44. The current ratio stands at 1.28.
