Kathmandu. People’s Power has become debt-free. The company released the current fiscal year 2082. This is as seen in the financial statements of the first quarter (July-September) of 83 B.S.
Previous fiscal year 2081. The company’s long-term debt stood at Rs 32.42 crore as of mid-October 2018. It had decreased to Rs 28.18 crore in the fourth quarter of the previous fiscal year. The company has repaid the loan in the first quarter of the current fiscal year.
In the review period, the company earned Rs 3.17 crore from the sale of electricity. The company had posted a net profit of Rs 3.01 crore in the same quarter last year. The company’s revenue increased by 5.33 percent in the review period compared to the previous year.
The company has earned a net profit of Rs 1.26 crore in the current fiscal year. The company had posted a net profit of Rs 1.72 crore in the same period last year.
The company has EPS of Rs 5.32 and net worth per share of Rs 106.20. The company has started commercial power generation from November 26, 2022.
