Makar Jitumaya Suri Hydropower Posts 136.04% Profit Growth in Q1, Driven by Surge in Power Sales Revenue
Fri, Nov 15, 2024 12:23 PM on Latest, Financial Analysis, Company Analysis,
Makar Jitumaya Suri Hydropower Company Limited (MAKAR) has reported an impressive first-quarter performance for fiscal year 2081/82, with net profit soaring by 136.04% to Rs. 5.61 Crores, up from Rs. 2.37 Crores in the same period last year.
This remarkable growth is attributed to a strong rise in power sales revenue, which surged by 103.25% to Rs. 13.77 Crores from Rs. 6.77 Crores in Q1 of the previous year. The company also managed a 3.50% reduction in administrative expenses, although finance expenses rose by 72.09%.
MAKAR’s financial position is supported by a paid-up capital of Rs. 76 Crores and a positive turnaround in retained earnings, reaching Rs. 4.22 Crores from a deficit of Rs. 2.09 Crores in the same period last year. The company’s property, plant, and equipment assets saw a decline of 37.94% to Rs. 44.15 lakhs, while long-term borrowings increased by 17.81%, reaching Rs. 2.02 Arba.
For shareholders, the company’s annualized earnings per share (EPS) is Rs. 29.54, with a net worth per share of Rs. 105.56. MAKAR's price-to-earnings (PE) ratio stands at 16.08, with a market price per share of Rs. 475.
Major Highlights:
| Particulars (In Rs '000) | Makar Jitumaya Suri Hydropower | ||
|---|---|---|---|
| Q1 2081/82 | Q1 2080/81 | Difference | |
| Paid Up Capital | 760,000.00 | 760,000.00 | 0.00% |
| Retained Earnings | 42,287.28 | -20,993.64 | - |
| Loans and Borrowings | 2,024,273.98 | 1,718,196.00 | 17.81% |
| Property, Plant and Equipment | 4,415.55 | 7,114.48 | -37.94% |
| Revenue | 137,788.22 | 67,792.99 | 103.25% |
| Administrative expenses | 2,213.09 | 2,293.34 | -3.50% |
| Finance Expenses | 47,565.62 | 27,640.36 | 72.09% |
| Net Profit | 56,124.90 | 23,778.17 | 136.04% |
| Annualized EPS (In Rs.) | 29.54 | 12.51 | 136.04% |
| Net Worth per Share (In Rs.) | 105.56 | 97.24 | 8.56% |
| Qtr end PE Ratio (times) | 16.08 | - | |
| Qtr End Market Price | 475 | - | |
