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HPL Electric jumps on reporting 73% rise in Q4 consolidated net profit

HPL Electric & Power is currently trading at Rs. 64.25, up by 7.40 points or 13.02% from its previous closing of Rs. 56.85 on the BSE.

The scrip opened at Rs. 63.00 and has touched a high and low of Rs. 67.80 and Rs. 60.85 respectively. So far 76662 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 109.95 on 21-May-2018 and a 52 week low of Rs. 44.00 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 67.80 and Rs. 51.40 respectively. The current market cap of the company is Rs. 416.02 crore.

The promoters holding in the company stood at 72.31%, while Institutions and Non-Institutions held 6.89% and 20.79% respectively.

The company has reported a rise of 97.09% in its net profit at Rs 11.53 crore for the quarter ended March 31, 2019 as compared to Rs 5.85 crore for the same quarter in the previous year. Total income of the company increased by 7.69% at Rs 328.90 crore for quarter under review as compared to Rs 305.41 crore for the quarter ended March 31, 2018.

On consolidated basis, the company has reported rise of 73.10% in its net profit at Rs 12.55 crore for the quarter ended March 31, 2019 as compared to Rs 7.25 crore for the corresponding quarter in the FY18. Total consolidated income of the company rose by 12.06% at Rs 353.76 crore for quarter under review as compared to Rs 315.70 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the company has posted a rise of 15.64% in its net profit at Rs 26.39 crore as compared to Rs 22.82 crore for the previous year. Total income of company increased by 7.73% at Rs 1,106.57 crore for year under review as compared to Rs 1027.18 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 18.60% in its net profit at Rs 32.71 crore as compared to Rs 27.58 crore for the previous year. Total income of company increased by 9.14% at Rs 1,163.18 crore for year under review as compared to Rs 1,065.78 crore for year ended March 31, 2018.

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