Kalika Power Financial Results Q2 FY 2082/83
11th February 2026, Kathmandu
Kalika Power Company Ltd. has released its unaudited financial statements for the second quarter of the fiscal year 2082/83, reflecting a period of steady profitability and debt reduction. As of Poush 30, 2082 (January 14, 2026), the company demonstrated strong operational efficiency at its Daraudi A project, supported by a significant decrease in financial costs.
Kalika Power Financial Results
Headquartered in Baluwatar, Kathmandu, with its primary generation asset in Gorkha, Kalika Power remains a stable player in the small-scale hydropower sector in Nepal.
Financial Performance Highlights (Q2 2082/83)
The company’s performance this quarter was characterized by healthy revenue and a robust liquidity position.
Revenue from Power Sales: Totaled NPR 121.14 million for the quarter, showing seasonal recovery and stable plant operation.
Net Profit: Reported at NPR 75.06 million, almost matching the previous year corresponding quarter despite varying hydrological conditions.
Earnings Per Share (EPS): Annualized EPS stands at 15.02, reflecting consistent returns for shareholders.
Net Worth Per Share: Currently at NPR 113.65.
Liquidity: The company maintains an exceptionally high current ratio of 18.12, backed by cash and cash equivalents of NPR 126.46 million.
Debt Reduction and Asset Base
KPCL has been aggressive in managing its leverage, leading to improved net margins.
Lower Borrowings: Long-term debt decreased to NPR 45.35 million from NPR 64.26 million year-on-year. This reduction in the principal amount has led to a significant drop in finance costs, which fell from nearly NPR 6 million to just NPR 1.24 million this quarter.
Core Assets: The company’s total assets stand at NPR 1.19 billion, with the Property, Plant, and Equipment (the 6.4 MW Daraudi A plant) valued at NPR 995.42 million.
Operational Status: Daraudi “A” Small HEP (6.4 MW)
The company’s primary revenue source is the Daraudi “A” project located in Gorkha.
Capacity: 6.4 MW.
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Location: Muchok, Gorkha District.
Commercial Operation: Started in late 2016 (Mangsir 2073).
Operational Strategy: Management continues to focus on maintaining a sufficient stock of spare parts and high technical efficiency to ensure the plant meets the contract energy requirements specified in the PPA with the Nepal Electricity Authority (NEA).
Stock Market Overview (NEPSE: KPCL)
KPCL shares are among the more active hydropower stocks, frequently traded by retail investors due to the company’s consistent dividend history.
Recent Price Performance: The stock traded between a high of NPR 657 and a low of NPR 515 during the second quarter.
Current Closing Price: NPR 524.00 (as of February 10, 2026).
Recent Corporate Action: KPCL recently adjusted its price for a 7% bonus share and 0.3684% cash dividend for the fiscal year 2081/82. The book closure for this was January 2, 2026.
Future Outlook and Risk Factors
Management remains cautious about external factors while focusing on internal optimization.
Hydrological Risk: Rainfall variability in the Gorkha region remains the primary external threat to power generation.
Human Resources: Retention of skilled technical staff is a priority for smooth plant operation.
Climate Change: The company has noted global warming as a long-term risk to the glacial-fed and rain-fed systems of Nepal.
Conclusion
The Kalika Power Financial Results for Q2 2082/83 signal a mature hydropower company that has moved past its heavy debt phase. With a high current ratio, reducing interest expenses, and a stable 6.4 MW operational plant, KPCL is well-positioned to maintain its dividend-paying capacity in the coming years.
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