Sanima Mai Hydropower Reports Decline in Net Profit by 4.42%; Annualized EPS at Rs. 30.09 & Net Worth Per Share at Rs. 155
Thu, Nov 10, 2022 10:59 AM on Latest, Financial Analysis, Stock Market,
Sanima Mai Hydropower Company Limited (SHPC) has reported a decline in net profit by 4.42% in the first quarter (Q1) of FY 2079/80. The profit decreased to Rs. 23.34 crores in this quarter from Rs. 24.31 crores in the corresponding quarter of the previous year.
The revenue from the sale of electricity decreased by 6.43% in this quarter to stand at Rs. 32.17 Crores. The company's plant operating expenses increased by 9.98% which has also affected the net profit of the company for this quarter.
The financial income has however increased by 1026.44% as compared to the corresponding previous year's quarter ending. The company generated Rs. 1.19 Crore in finance income whereas the company reported Rs, 3.32 Crore as finance expenses for this period.
Till the end of Ashwin 2079, Mai Hydropower Plant (22MW) has generated an invoice of Rs 24.10 crores and Mai Cascade Hydropower Plant (7MW) has generated an invoice of Rs 8.06 crores.
The company has invested a total of Rs 1.74 arba in the subsidiary project named Swet Ganga Hydropower and Construction Limited (45 Crores), Sanima Middle Tamor Hydropower Limited (53.32 Crores), Mathilo Mailun Khola Jalvidhyut Hydropower Limited (23.75 Crores), Bavari Construction P Limited (2 Crores) and Sanima Jum Hydropower Limited (50 Crores - Committed Investment).
SHPC has a share capital of Rs 3.08 Arba, whereas, retained earnings are Rs 1.15 Arba. At this capital, the annualized EPS stands at Rs. 30.09 and the net worth per share at Rs 155. The company P/E Stands at 8.37 times.
Major Financial Highlights:
| Particulars (Rs in 000) | Sanima Mai Hydropower | ||
|---|---|---|---|
| Q1 2079/80 | Q1 2078/79 | Difference | |
| Paid Up Capital | 3,089,251.00 | 2,808,410.00 | 10.00% |
| Retained Earnings | 1,154,230.94 | 905,197.00 | 27.51% |
| Other Reserves | 545,000.00 | 6,546.50 | 8225.06% |
| Property, Plant and Equipment | 13,874.44 | 14,999.38 | -7.50% |
| Investment in associates | 1,761,200.00 | 1,225,700.00 | 43.69% |
| Advance towards Investment in Equity | 40,875.00 | 86,750.00 | -52.88% |
| Cash and Cash Equivalents | 296,524.32 | 139,361.63 | 112.77% |
| Sale of Electricity | 321,738.39 | 343,862.13 | -6.43% |
| Plant Operating Expenses | 21,735.48 | 19,763.50 | 9.98% |
| Finance Income | 11,934.59 | 1,059.50 | 1026.44% |
| Finance Cost | 33,292.44 | 38,233.85 | -12.92% |
| Administrative and other operating Expenses | 43,580.37 | 43,572.50 | 0.02% |
| Operating Profit | 256,422.55 | 280,527.50 | -8.59% |
| Current Tax | 2,644.70 | 177,308.00 | -98.51% |
| Net Profit | 232,419.99 | 243,175.84 | -4.42% |
| EPS (In Rs.) | 30.09 | 34.64 | -13.11% |
| Net Worth per Share (In Rs.) | 155.00 | 132.46 | 17.02% |
| Qtr End P/E Ratio | 8.37 | - | |
| Qtr End Market Price | 252 | ||
