People’s Power Limited (PPL) has published its unaudited financial report for the first quarter of the current fiscal year, revealing a drop in net profit compared to the same period last year.

According to the report, the company earned a net profit of Rs. 1 crore 26 lakh by the end of Ashoj. This figure is 26.72% lower than last year’s Rs. 1 crore 72 lakh earned during the same period.

Income Increased but Profit Declined Due to Higher Expenses

Despite a slight increase in electricity sales, PPL’s profit declined mainly due to rising expenses.

Key financial highlights for the review period:

• Electricity sales revenue: Up by 5.33%
• Gross profit: Up by 7.84%
• Administrative expenses: Increased sharply by 309.32%
• Financial expenses: Decreased by 62.01%

Earnings Per Share (EPS) Drops

With the decline in profit, the company’s EPS has also fallen.
During the review period, EPS decreased by Rs. 5.56, settling at Rs. 5.31.

Other financial indicators:

• Net worth per share: Rs. 106.20
• P/E ratio: 53.28 times
• Paid-up capital: Rs. 94 crore 89 lakh
• Reserve fund: Negative Rs. 65 lakh 63 thousand
• Share premium reserve: Rs. 6 crore 54 lakh