Sikles Hydropower Limited (SIKLES) has revealed its intention to allocate a 15% bonus share and a 0.789% cash dividend to its investors.
This choice received endorsement during the company’s Board of Directors meeting convened on the 25th of Shrawan, 2082 at 5 PM. The bonus shares, totaling Rs. 12.75 crore, alongside the cash dividend, which amounts to Rs. 67,10,526, will be dispensed from the retained earnings of FY 2080/81 and FY 2081/82. The cash distribution will serve to cover tax obligations on the bonus shares.
Post issuance of the bonus shares, the firm intends to release rights shares in a 1:1 ratio based on the modified paid-up capital. This proposal awaits prior consent from the Electricity Regulatory Commission and will be submitted for final endorsement at the company’s forthcoming Annual General Meeting. The funds generated from the rights issue are earmarked for investment in additional hydropower ventures.
Financial performance highlights (Q4 FY 2081/82)
In Q4 FY 2081/82, Sikles Hydropower documented a paid-up capital of Rs. 85 crore, remaining constant from the prior year, while reserves skyrocketed by 97.85% to Rs. 13.46 crore, up from Rs. 6.80 crore in Q4 2080/81. Property, plant, and equipment were valued at Rs. 196.43 crore, representing a 4.60% year-on-year decrease. Revenue from power sales rose by 2.95% to Rs. 3.02 crore, and net profit surged by 63.27% to Rs. 7.75 crore from Rs. 4.74 crore the previous year. Earnings per share grew to Rs. 9.12 from Rs. 5.58, net worth per share improved to Rs. 115.84 from Rs. 108.01, and the market price at quarter’s end was Rs. 860.53, yielding a P/E ratio of 94.38 times.
