Newly Listed Mandu Hydropower Achieves Q1 Earnings of 12.72 Crores; Rs 63.47 Cr in Reserve Including Rs 17 Cr as Share Premium
Wed, Nov 8, 2023 10:15 AM on Financial Analysis, Company Analysis, Latest,
Mandu Hydropower Limited (MANDU) has unveiled its unaudited report for the first quarter of the Fiscal Year 2080/81, showcasing a robust financial performance. The company reported a net profit of 12.72 Crores.
During the first quarter, the company generated a noteworthy revenue of Rs. 25.1 Crores from power sales. However, it also accounted for administrative expenses amounting to Rs. 19.40 lakhs and incurred finance costs, specifically interest expenses totaling Rs 6.43 crore.
Mandu Hydropower Limited boasts a paid-up capital of Rs. 1.36 Arba, with a healthy Retained Earnings and Reserves portfolio valued at Rs 46.47 Crores. Additionally, the company's share premium stands at Rs 17 Crores. The Annualized Earnings Per Share (EPS) for the company reflected a commendable figure of Rs. 37.33, signifying a strong financial performance. Furthermore, the net worth of the company is reported at Rs. 146.55.
Mandu Hydropower Limited recently launched an Initial Public Offering (IPO), issuing 12,05,320 units to the general public. These shares were offered at a premium price of Rs. 206 per share, comprising the face value of Rs. 100 and a premium of Rs. 106 per share.
Major Financial Highlights:
| Particulars (In Rs '000) | Mandu Hydropower | ||
|---|---|---|---|
| Q1 2080/81 | Q1 2079/80 | Difference | |
| Paid Up Capital | 1,363,637.00 | 1,363,637.00 | 0.00% |
| Share Premium (Rs) | 170,014.57 | 0.00 | 0.00% |
| Retained Earnings and Reserves | 464,732.62 | 226,481.54 | 105.20% |
| Property, Plant & Equipment | 994.91 | 2,796.37 | -64.42% |
| Revenue from Power Sales | 251,076.21 | 244,075.95 | 2.87% |
| Administrative Expenses | 1,940.82 | 2,573.41 | -24.58% |
| Finance Expenses | 64,375.35 | 74,110.27 | -13.14% |
| Net Profit | 127,245.17 | 112,288.04 | 13.32% |
| EPS (In Rs.) | 37.33 | 32.94 | 13.32% |
| Net Worth per Share (In Rs.) | 146.55 | 116.61 | 25.68% |
| Qtr end PE Ratio (times) | 11.51 | - | - |
| Qtr End Market Price | 429.6 | - | - |
