Sanima Mai Hydropower Reports Q2 Earnings with 3.39% Growth Despite Slight Revenue Dip; EPS at Rs. 21.63
Wed, Feb 7, 2024 7:35 AM on Financial Analysis, Company Analysis, Latest,
Sanima Mai Hydropower Limited (SHPC) has reported a notable 3.39% increase in net profit during the second quarter (Q2) of FY 2080/81, showing a significant rise from Rs. 32.31 crores in the same quarter of the previous fiscal year to Rs. 33.41 crores in the current reporting period.
The company has experienced a decrease in power sales, generating an income of Rs. 49.92 Crore by the end of Q2 FY 2080/81. Additionally, SHPC observed a substantial 19.34% increase in other income, reaching Rs. 2.72 Crores. However, it's noteworthy that finance expenses decreased by 20.29%, standing at Rs. 5.07 Crores, while administrative expenses saw a marginal 0.49% rise.
As of Q2 2080/81, SHPC's retained earnings are impressive at Rs. 1.40 Arba, complemented by reserves of Rs. 1.34 Arba. The company's share capital amounts to Rs. 3.08 Arba.
Analyzing key performance indicators, the annualized earnings per share (EPS) for SHPC stands at Rs. 21.63. The net worth per share is reported at Rs. 189.10, and the P/E ratio is calculated at 17.28 times.
Major Highlights:
| Particulars (In Rs '000) | Sanima Mai Hydropower | ||
|---|---|---|---|
| Q2 2080/81 | Q2 2079/80 | Difference | |
| Paid Up Capital | 3,089,251.00 | 3,089,251.00 | 0.00% |
| Retained Earnings | 1,402,734.40 | 1,040,914.12 | 34.76% |
| Reserves | 1,349,884.21 | 9,803.41 | 13669.54% |
| Property, Plant & Equipment | 11,180.56 | 12,852.31 | -13.01% |
| Revenue from Power Sales | 499,232.41 | 504,930.39 | -1.13% |
| Other Income | 27,270.86 | 22,850.88 | 19.34% |
| Administrative Expenses | 87,836.10 | 87,404.32 | 0.49% |
| Finance Expenses | 50,715.10 | 63,625.90 | -20.29% |
| Net Profit | 334,107.30 | 323,139.25 | 3.39% |
| EPS (In Rs.) | 21.63 | 20.92 | 3.39% |
| Net Worth per Share (In Rs.) | 189.10 | 134.01 | 41.11% |
| Qtr end PE Ratio (times) | 17.28 | ||
| Qtr End Market Price | 373.8 | - | - |
