Sahas Urja Achieves 16.07% Rise in Q1 Net Profit Despite Decline in Core Revenue; Annualized EPS Reaches Rs. 45.74
Mon, Nov 11, 2024 10:40 AM on Latest, Financial Analysis, Company Analysis,
Sahas Urja Limited (SAHAS) has demonstrated strong financial growth in the first quarter of fiscal year 2081/82, reporting a 16.07% increase in net profit. The company’s net profit reached Rs. 40.02 crores in Q1 2081/82.
The company’s reserves and surplus climbed by 18.67%, amounting to Rs. 2.96 arba, which signifies a strengthened financial foundation. Investments in property, plant, and equipment rose by 11.13%, reaching Rs. 15.51 crores. The company’s long-term borrowings decreased by 10.32% to reach Rs. 9.11 Arba from Rs. 10.15 crores in Q1 2080/81.
A notable highlight of SAHAS’s performance was the significant reduction in finance expenses, which dropped by 29.32% to Rs. 16.35 crores. As a result of these financial improvements, Sahas Urja’s annualized earnings per share (EPS) also rose by 16.07%, now standing at Rs. 45.74. Additionally, the company’s net worth per share grew by 6.18%, reaching Rs. 184.74.
At the close of the first quarter, SAHAS reported a quarter-end market price of Rs. 485 per share and a price-to-earnings (PE) ratio of 10.60 times.
Major Highlights:
| Particulars (In Rs '000) | Sahas Urja Limited | ||
|---|---|---|---|
| Q1 2081/82 | Q1 2080/81 | Difference | |
| Paid Up Capital | 3,500,000.00 | 3,500,000.00 | 0.00% |
| Reserve and Surplus | 2,965,818.12 | 2,499,184.51 | 18.67% |
| Property, Plant & Equipment | 155,142.70 | 139,600.96 | 11.13% |
| Long term borrowings | 9,110,218.56 | 10,158,836.23 | -10.32% |
| Revenue from Power Sales | 867,157.29 | 893,348.47 | -2.93% |
| Administrative Expenses | 18,331.73 | 25,979.56 | -29.44% |
| Finance Expenses | 234,072.83 | 328,957.46 | -28.84% |
| Net Profit | 400,225.67 | 344,808.57 | 16.07% |
| Annualized EPS (In Rs.) | 45.74 | 39.41 | 16.07% |
| Net Worth per Share (In Rs.) | 184.74 | 171.41 | 7.78% |
| Qtr end PE Ratio (times) | 10.60 | - | - |
| Qtr End Market Price | 485 | - | - |
