Hydro Electricity Investment and Development Company (HIDCL) has published its unaudited financial statements for the first quarter of the current fiscal year. According to the report, the company’s net profit has decreased compared to the same period last year.

For the first three months of the current fiscal year, the company earned a net profit of NPR 193.9 million, which is 29.15% lower than the NPR 273.7 million earned during the same period last year.

The decline in net profit is attributed to lower financial income due to reduced bank interest rates.

During the review period:

• Operating income increased by 128.04%
• Financial income decreased by 31.96%
• Other income fell by 93.78%
• Financial expenses decreased by 11.82%

Along with net profit, the earnings per share (EPS) also declined. During the period, EPS dropped by NPR 1.30, reaching NPR 3.16 per share. As of the end of Ashoj, the company’s net worth per share stood at NPR 115.55.

The company has a paid-up capital of NPR 2,455.98 million, with reserves totaling NPR 381 million.