Mathillo Mailun Khola Jalvidhyut Achieves Q1 Turnaround with Rs. 4.39 Crores Net Profit, Driven by Power Sales Revenue
Mon, Nov 11, 2024 9:12 AM on Financial Analysis, Company Analysis, Latest,
Mathillo Mailun Khola Jalvidhyut Limited (MMKJL) achieved a notable financial turnaround in the first quarter of fiscal year 2081/82, moving from a net loss to a strong net profit.
The company's paid-up capital increased by 14.73%, reaching Rs. 1 Arba compared to Rs. 87.16 crores in Q1 2080/81. The reserve and surplus saw a significant growth of 176.77%, rising from Rs. 4.28 lakhs to Rs. 11.86 lakhs, indicating enhanced financial stability. However, the retained earnings showed a negative balance, standing at Rs. 5.65 crores.
The company’s property, plant, and equipment assets decreased by 6.95%, amounting to Rs. 85.17 lakhs, down from Rs. 91.54 lakhs in the previous year. On the other hand, long-term borrowings rose by 22.75%, totaling Rs. 2.13 Arba compared to Rs. 1.73 Arba in Q1 2080/81.
A significant contributor to the company’s financial recovery was revenue from power sales, which reached Rs. 14.25 crores in Q1 2081/82, compared to no revenue recorded in the previous year. Administrative expenses surged by 841.93%, increasing to Rs. 3.21 crores from Rs. 34.13 lakhs, while finance expenses were recorded at Rs. 4.86 crores this quarter.
This quarter, Mathillo Mailun Khola Jalvidhyut achieved a net profit of Rs. 4.39 crores, a substantial improvement from a loss of Rs. 30.51 lakhs in Q1 2080/81. This improvement resulted in an annualized earnings per share (EPS) of Rs. 17.56, up from negative Rs. 1.40 last year.
The company’s net worth per share showed a slight increase, reaching Rs. 100.12 compared to Rs. 100.05 in the previous year, reflecting a 0.07% growth. The price-to-earnings (PE) ratio at the end of the quarter stood at 29.44 times, with a quarter-end market price of Rs. 517.10 per share.
| Particulars (In Rs '000) | Mathillo Mailun Khola Jalvidhyut | ||
|---|---|---|---|
| Q1 2081/82 | Q1 2080/81 | Difference | |
| Paid Up Capital | 1,000,000.00 | 871,580.00 | 14.73% |
| Retained Earnings | -56,510.87 | -49,156.56 | - |
| Reserve and Surplus | 1,186.55 | 428.71 | 176.77% |
| Property, Plant & Equipment | 8,517.43 | 9,154.04 | -6.95% |
| Long term borrowings | 2,132,124.15 | 1,736,962.89 | 22.75% |
| Revenue from Power Sales | 142,470.83 | 0.00 | - |
| Administrative Expenses | 32,146.50 | 3,412.82 | 841.93% |
| Finance Expenses | 48,600.20 | - | - |
| Net Profit | 43,909.44 | -3,051.16 | - |
| Annualized EPS (In Rs.) | 17.56 | -1.40 | - |
| Net Worth per Share (In Rs.) | 100.12 | 100.05 | 0.07% |
| Qtr end PE Ratio (times) | 29.44 | - | - |
| Qtr End Market Price | 517.1 | - | - |
