Api Power Company Limited has achieved a notable milestone by recording a net profit of NPR 181.7 million in the first quarter of the current fiscal year. This marks a significant turnaround from the same period last year when the company faced a loss of NPR 4.49 million. The improvement in profitability is primarily driven by an increase in revenue from electricity production, reflecting the company’s operational efficiency and growing demand for energy.
Revenue Growth
The company’s revenue has surged dramatically, rising from NPR 261.6 million in the previous fiscal year to NPR 475.2 million in the current quarter. This substantial increase is attributed to higher electricity generation and sales, showcasing Api Power’s capability to capitalize on market opportunities and improve its service delivery.
Financial Expenses
Despite the increase in revenue, Api Power Company is also managing financial expenses, which stand at NPR 186.8 million. Effective financial management will be crucial for maintaining profitability as the company continues to navigate the dynamic energy market.
Capital and Reserves
Api Power Company has a robust financial structure, with a paid-up capital of NPR 5.78 billion. In addition, the company has accumulated NPR 732.2 million in its reserve fund, indicating a strong cushion for future investments and operational needs. This financial stability allows the company to pursue growth opportunities while ensuring its long-term viability.
Key Financial Metrics
The company’s performance metrics further reflect its positive trajectory. The Earnings Per Share (EPS) has reached NPR 12.56, which is a strong indicator of profitability and shareholder value. Additionally, the net worth per share is recorded at NPR 112.65, suggesting a solid asset base and potential for future growth.
Conclusion
Overall, Api Power Company Limited’s first-quarter results demonstrate a successful recovery from previous losses and a promising outlook for the future. With an increasing demand for electricity and a commitment to operational excellence, the company is well-positioned to enhance its market presence and continue delivering value to its stakeholders.
