Chilime Hydropower’s Profit Dips Despite a Massive Surge in Investment Income: Q3 Report Unveiled

Chilime Hydropower Company Limited (CHCL) has released its unaudited financial statements for the third quarter of the current fiscal year. The report indicates a balanced financial position as improved returns from investments helped offset a slight decline in electricity sales revenue.

Revenue from power sales reached Rs 82.36 crore by the end of the third quarter, marking a marginal 0.15% decrease from the Rs 82.49 crore recorded in the same period last year. Net profit saw a more notable drop, falling to Rs 45.69 crore from the previous year's Rs 51.48 crore. This decline is largely attributed to an increase in administrative costs and employee bonus allocations. Conversely, income from bank deposits and other financial investments grew by 14.23%, totaling Rs 10.28 crore.

Regarding key financial indicators, the company's Earnings Per Share (EPS) stands at Rs 7.84, while the Net Worth Per Share is reported at Rs 130.65. The company noted that electricity production was slightly impacted by low river water levels during the winter season. Additionally, employee-related expenses rose by 14.23% compared to the previous year. Looking ahead, Chilime is progressing with several new projects, including Seti River-3 (87 MW), Budhigandaki Prok (21 MW), and Syar Khola (54 MW), which are expected to strengthen its long-term revenue streams.