NEPSE trading

UPCL
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By Sandeep Chaudhary

Universal Power Company Q4 Results: Strong Revenue Growth and Surging Profitability

Universal Power Company Q4 Results: Strong Revenue Growth and Surging Profitability

Universal Power Company Ltd. (UPCL) has released its audited financial results for the fourth quarter of FY 2024/25, reporting strong growth in both revenue and profitability. The company achieved a total revenue of Rs. 337.82 million in Q4, up 13.46% year-on-year compared to Rs. 321.27 million in the same period last year. Sequentially, revenue also expanded from Rs. 261.40 million in Q3, reflecting steady demand and improved generation performance.

The gross profit stood at Rs. 284.83 million, delivering a healthy gross margin of 84.31%. While slightly lower than Q3’s 86.52% and Q2’s 90.92%, this margin level still reflects strong operational efficiency in hydropower production.

UPCL’s net income soared to Rs. 139.91 million in Q4, almost double the Rs. 75.00 million earned in Q4 of 2023/24. The net profit margin expanded to 41.42%, up from 23.34% a year ago, showing substantial improvement in bottom-line strength. Compared to the previous quarter, profits also rose from Rs. 106.41 million, marking consistent quarter-on-quarter growth.

Return ratios further strengthened. Return on Assets (ROA) climbed to 3.56%, compared to 1.94% in Q4 of the prior year, while Return on Equity (ROE) improved to 5.57%, up from 3.11% last year. These indicators highlight enhanced profitability and better capital efficiency.

On a per-share basis, EPS (annualized) stood at Rs. 6.14, nearly doubling from Rs. 3.29 in Q4 of the previous year. However, this was slightly below Q2’s peak of Rs. 9.98, reflecting some seasonal variation in power generation. The reported PE ratio stood at 65.81, suggesting a relatively high valuation compared to earnings.

From a balance sheet perspective, the book value per share increased steadily to Rs. 112.56, while the market value per share surged to Rs. 403.87, nearly four times the book value. This indicates that investors continue to place a premium on UPCL’s growth potential and consistent profitability.

Dividend per share has not yet been declared for FY 2024/25. With rising profitability, shareholders will be watching closely to see if UPCL allocates part of its earnings toward dividend distribution.

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