Mountain Energy Nepal Posts 15.81% Profit Growth in Q1; Annualized EPS Reaches Rs. 53.97
Fri, Nov 15, 2024 8:17 AM on Financial Analysis, Company Analysis, Latest,
Mountain Energy Nepal (MEN) delivered an impressive first-quarter performance for fiscal year 2081/82, posting a net profit of Rs. 30.53 Crores—a 15.81% increase from Rs. 26.36 Crores in the same period last year. This growth was fueled by a rise in power sales revenue, which climbed to Rs. 49.6 Crores compared to Rs. 45.48 Crores in Q1 of the previous fiscal year.
A strategic reduction in finance expenses by 8.01% further supported MEN’s profit, though administrative expenses saw a slight increase of 8.90%. MEN’s paid-up capital rose by 15%, reaching Rs. 2.26 Arba from Rs. 1.96 Arba, which strengthened its financial base. Although assets in property, plant, and equipment declined by 2% to Rs. 2.8 Crores, the company made progress in financial stability with an 11.61% decrease in long-term borrowings, reducing them to Rs. 2.91 Arba.
The company's annualized earnings per share (EPS) hit Rs. 53.97, while net worth per share reached Rs. 158.77. With a price-to-earnings (PE) ratio of 12.23 and a market price per share of Rs. 660.
Major Highlights:
| Particulars (In Rs '000) | Mountain Energy Nepal | ||
|---|---|---|---|
| Q1 2081/82 | Q1 2080/81 | Difference | |
| Paid Up Capital | 2,263,231.05 | 1,968,027.00 | 15.00% |
| Retained Earnings | 1,330,212.35 | 1,436,153.71 | -7.38% |
| Loans and Borrowings | 2,919,735.11 | 3,303,186.81 | -11.61% |
| Property, Plant and Equipment | 28,008.53 | 28,580.33 | -2.00% |
| Revenue | 496,019.78 | 454,851.52 | 9.05% |
| Administrative expenses | 10,034.18 | 9,214.50 | 8.90% |
| Finance Expenses | 65,182.09 | 70,856.10 | -8.01% |
| Net Profit | 305,393.21 | 263,612.25 | 15.85% |
| Annualized EPS (In Rs.) | 53.97 | 53.58 | 0.74% |
| Net Worth per Share (In Rs.) | 158.77 | 172.97 | -8.21% |
| Qtr end PE Ratio (times) | 12.23 | - | |
| Qtr End Market Price | 660 | - | |
