Thac Ba Hydropower JSC Quarterly Results: Standalone & Consolidated Reports

Quarterly Results

Results Snapshot

YoYQoQ

Figures in Million

Consolidate Quarterly Results

Mar'26

Dec'25

Sep'25

Jun'25

Mar'25

Dec'24

Sep'24

Net Sales

1,50,681.67

1,32,029.91

1,74,079.90

1,55,049.34

1,01,668.20

1,36,342.88

1,92,731.51

Other Operating Income

0.00

Total Operating income

1,50,681.67

1,32,029.91

1,74,079.90

1,55,049.34

1,01,668.20

1,36,342.88

1,92,731.51

Raw Material Cost

45,816.51

59,609.70

70,319.06

54,035.64

40,881.25

59,629.13

68,551.03

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

12,385.45

18,217.24

14,287.08

4,150.26

10,266.04

20,291.59

33,556.15

Power Cost

0.00

Manufacturing Expenses

1,204.78

0.00

52.64

2,685.02

562.89

908.10

1,172.79

Selling and Distribution Expenses

14,980.58

21,858.56

14,467.25

12,599.14

13,220.34

20,884.74

5,029.55

Other Expenses

-1,359.02

-1,821.72

-1,433.97

-683.53

-1,082.89

-2,119.97

-3,472.89

Total Expenditure (Excl Depreciation)

60,797.09

81,468.27

84,786.31

66,634.78

54,101.59

80,513.87

73,580.58

Operating Profit (PBDIT) excl Other Income

89884.59999999999

50561.6

89293.6

88414.59999999999

47566.6

55829

119150.9

Other Income

9,092.61

9,438.53

6,084.24

9,576.05

-129.66

3,784.52

1,175.62

Operating Profit (PBDIT)

1,14,125.74

77,052.18

1,14,801.13

1,16,112.59

68,758.35

76,239.02

1,37,231.21

Interest

1,204.78

0.00

52.64

2,685.02

562.89

908.10

1,172.79

Exceptional Items

0.00

Gross Profit (PBDT)

1,04,865.16

72,420.20

1,03,760.84

1,01,013.70

60,786.95

76,713.75

1,24,180.48

Depreciation

15,148.55

17,052.02

19,423.31

18,121.98

21,321.39

16,625.49

16,904.65

Profit Before Tax

97,772.41

60,000.17

95,325.18

95,305.59

46,874.06

58,705.43

1,19,153.76

Tax

16,021.43

7,629.27

14,258.75

13,277.37

6,869.56

9,894.41

19,823.50

Provisions and contingencies

0.00

Profit After Tax

71,084.48

37,263.65

65,311.62

60,712.41

28,903.41

39,532.34

84,569.53

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

71,084.48

37,263.65

65,311.62

60,712.41

28,903.41

39,532.34

84,569.53

Share in Profit of Associates

0.00

Minority Interest

10,666.50

15,107.25

15,754.81

21,315.82

11,101.09

9,278.68

14,760.74

Other related items

0.00

Consolidated Net Profit

81,750.98

52,370.89

81,066.43

82,028.23

40,004.50

48,811.02

99,330.26

Equity Capital

0.00

Face Value

10000.0

Reserves

11,07,007.16

11,68,177.39

11,94,413.74

11,29,102.12

10,27,732.12

10,76,065.54

10,68,283.20

Earnings per share (EPS)

1119.44

587.0

1028.53

956.1

455.17

622.56

1331.8

Diluted Earnings per share

1119.44

587.0

1028.53

956.1

455.17

622.56

1331.8

Operating Profit Margin (Excl OI)

59.65%

38.3%

51.29%

57.02%

46.79%

40.95%

61.82%

Gross Profit Margin

74.94%

58.36%

65.92%

73.16%

67.08%

55.25%

70.59%

PAT Margin

47.18%

28.22%

37.52%

39.16%

28.43%

28.99%

43.88%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Quarterly Analysis Highlights - QoQ

Net Sales

QoQ Growth in quarter ended Mar 2026 is 14.13% vs -24.16% in Dec 2025

Consolidate Net Profit

QoQ Growth in quarter ended Mar 2026 is 56.10% vs -35.40% in Dec 2025

Operating Profit (PBDIT) excl Other Income

QoQ Growth in quarter ended Mar 2026 is 55.34% vs -37.81% in Dec 2025

Interest

QoQ Growth in quarter ended Mar 2026 is 0.00% vs -100.00% in Dec 2025

Operating Profit Margin (Excl OI)

QoQ Growth in quarter ended Mar 2026 has improved from Dec 2025

Compare Quarterly Results Of Thac Ba Hydropower JSC With

Select Peers

Figures in Million

Consolidate Quarterly Results

Change(VND)

Change(%)

Net Sales

1,50,681.67

1,88,177.28

-37,495.61

-19.93%

Other Operating Income

0.00

Total Operating income

1,50,681.67

1,88,177.28

-37,495.61

-19.93%

Raw Material Cost

45,816.51

98,226.62

-52,410.11

-53.36%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

12,385.45

0.00

12,385.45

Power Cost

0.00

Manufacturing Expenses

1,204.78

581.05

623.73

107.35%

Selling and Distribution Expenses

14,980.58

26,801.13

-11,820.55

-44.10%

Other Expenses

-1,359.02

-58.11

-1,300.91

-2,238.70%

Total Expenditure (Excl Depreciation)

60,797.09

1,25,027.76

-64,230.67

-51.37%

Operating Profit (PBDIT) excl Other Income

89,884.58

63,149.52

26,735.06

42.34%

Other Income

9,092.61

4,484.70

4,607.91

102.75%

Operating Profit (PBDIT)

1,14,125.74

67,634.22

46,491.52

68.74%

Interest

1,204.78

581.05

623.73

107.35%

Exceptional Items

0.00

Gross Profit (PBDT)

1,04,865.16

89,950.65

14,914.51

16.58%

Depreciation

15,148.55

0.00

15,148.55

Profit Before Tax

97,772.41

67,053.16

30,719.25

45.81%

Tax

16,021.43

14,534.96

1,486.47

10.23%

Provisions and contingencies

0.00

Profit After Tax

71,084.48

52,518.20

18,566.28

35.35%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

71,084.48

52,518.20

18,566.28

35.35%

Share in Profit of Associates

0.00

Minority Interest

10,666.50

0.00

10,666.50

Other related items

0.00

Consolidated Net Profit

81,750.98

52,518.20

29,232.78

55.66%

Equity Capital

0.00

Face Value

10,000.00

0.00

Reserves

11,07,007.16

16,29,940.13

-5,22,932.97

-32.08%

Earnings per share (EPS)

1,119.44

0.00

1,119.44

Diluted Earnings per share

1,119.44

0.00

1,119.44

Operating Profit Margin (Excl OI)

59.65%

33.56%

0.00

26.09%

Gross Profit Margin

74.94%

35.63%

0.00

39.31%

PAT Margin

47.18%

27.91%

0.00

19.27%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Quarterly - Net Sales

Net Sales 15,068.17 Million

in Mar 2026

Figures in Million

QoQ Growth in quarter ended Mar 2026 is 14.13% vs -24.16% in Dec 2025

YoY Growth in quarter ended Mar 2026 is 48.21% vs -8.26% in Mar 2025

Quarterly - Consolidate Net Profit

Consolidate Net Profit 8,175.10 Million

in Mar 2026

Figures in Million

QoQ Growth in quarter ended Mar 2026 is 56.10% vs -35.40% in Dec 2025

YoY Growth in quarter ended Mar 2026 is 104.35% vs -20.42% in Mar 2025

Quarterly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 10,503.31 Million

in Mar 2026

Figures in Million

QoQ Growth in quarter ended Mar 2026 is 55.34% vs -37.81% in Dec 2025

YoY Growth in quarter ended Mar 2026 is 52.47% vs -13.05% in Mar 2025

Quarterly - Interest

Interest 120.48 Million

in Mar 2026

Figures in Million

QoQ Growth in quarter ended Mar 2026 is 0.00% vs -100.00% in Dec 2025

YoY Growth in quarter ended Mar 2026 is 114.03% vs -66.66% in Mar 2025

Quarterly - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 59.65%

in Mar 2026

Figures in %

QoQ Growth in quarter ended Mar 2026 has improved from Dec 2025

YoY Growth in quarter ended Mar 2026 has improved from Mar 2025