Sanima Mai Hydropower Q1 Profits Risen by 6.02% in Q1; Earns Rs 32.98 Crores as Sales Revenue
Mon, Nov 6, 2023 10:39 AM on Financial Analysis, Company Analysis, Latest,
Sanima Mai Hydropower Company Limited (SHPC) has unveiled a decent performance in the first quarter of fiscal year 2080/81, showcasing a 6.02% increase in net profit. The company's net profit rose to Rs. 24.92 crores, up from Rs. 23.5 crores in the corresponding quarter of the previous year.
This growth was underpinned by a 2.43% rise in revenue from electricity sales, reaching Rs. 32.98 crores. Moreover, SHPC experienced a significant reduction in both plant operating expenses and financial expenses by 19.33% and 19.59%, respectively, compared to the previous year's quarter.
Until the end of Ashwin 2080, the Mai Hydropower Plant (22MW) and Mai Cascade Hydropower Plant (7MW) generated impressive invoices of Rs. 24.81 crores and Rs. 8.17 crores, respectively.
Furthermore, SHPC strategically invested a total of Rs. 2.74 arba in subsidiary projects. These investments include ventures in Swet Ganga Hydropower and Construction Limited, Sanima Middle Tamor Hydropower Limited, Mathilo Mailun Khola Jalvidhyut Hydropower Limited, Bavari Construction P Limited, and Sanima Jum Hydropower Limited, reinforcing the company's commitment to expansion and diversification.
With a share capital of Rs. 3.08 Arba and retained earnings of Rs. 1.42 Arba, SHPC demonstrated an annualized Earnings Per Share (EPS) of Rs. 32.37 and a net worth per share of Rs. 164.17. The company's Price/Earnings (P/E) ratio stands at 8.83 times.
Major Financial Highlights:
| Particulars (In Rs '000) | Sanima Mai Hydropower | ||
|---|---|---|---|
| Q1 2080/81 | Q1 2079/80 | Difference | |
| Paid Up Capital | 3,089,251.00 | 3,089,251.00 | 0.00% |
| Retained Earnings | 1,424,237.88 | 1,154,230.94 | 23.39% |
| Other Reserves | 557,996.52 | 9,500.06 | - |
| Property, Plant & Equipment | 11,192.99 | 13,874.44 | -19.33% |
| Investment in Associates | 687,500.00 | 687,500.00 | 0.00% |
| Revenue | 329,879.17 | 321,738.39 | 2.53% |
| Administrative Expenses | -43,732.20 | -43,580.37 | 0.35% |
| Finance Expenses | -26,769.95 | -33,292.44 | -19.59% |
| Net Profit | 249,206.95 | 235,064.69 | 6.02% |
| Annualized EPS (In Rs.) | 32.27 | 30.44 | 6.02% |
| Net Worth per Share (In Rs.) | 164.17 | 137.67 | 19.25% |
| Qtr end PE Ratio (times) | 8.83 | - | - |
| Qtr End Market Price | 285 | - | - |
