Supermai Hydropower Makes Public Q4 Report, With Decline in Core Business Revenue Net Profits Reduced By 55 Percent
Tue, Aug 8, 2023 8:55 AM on Financial Analysis, Latest,
Supermai Hydropower Limited (SMH) has published its fourth-quarter report for the recently concluded financial year 2079-80, with a 55.40 percent decline in its Net profits. As of FY 2079-80’s end, the hydropower company has made Rs. only 5.5 crores as opposed to Rs. 12.39 crores, which it had earned in the corresponding quarter of FY 2078-79.
The administrative and general expenses of the company have increased considerably by 28.32 percent and a total of Rs. 72.33 lakhs have been incurred as of the end of financial year 2079-80.
The core business revenue—revenue from power sales—of the company has declined by 11.53 percent and amounts to only Rs. 21.71 crores as of FY 2079-80, contrary to Rs. 24.54 that it had accumulated up to the corresponding quarter of FY 2078-79.
With a decline in Net profits, the Earnings per Share (EPS) of the company has also reduced to stand at Rs. 11.06, alongside a reduced Net worth per Share of Rs. 110.91.
According to the management analysis of the hydropower company, undesirable weather conditions led to decline in electricity production, on top of spike in loan interest rates and Overhauling has negatively affected the liquidity and Net profits of the company.
The company aims for optimal utilization of its resources and equipment to maximize the profits of the company.
The company states that it has become nearly 5 years since it began commercial production, and as such new machines need to be added, existing machinaries need to be repaired and spike in loan interests will further constrict company's liquidity and profitibility.
The hydopower company maintains Rs. 50 crores in paid-up capital.
Major Financial Highlights:
| Particulars (In Rs '000) | Supermai Hydropower Limited | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 500,000.00 | 400,000.00 | 25.00% |
| Other Equity | 54,568.20 | 123,021.89 | |
| Property, Furniture & Equipment | 2,814.16 | 2,952.95 | -4.70% |
| Trade and Other Receivables | 39,462.13 | 48,224.29 | -18.17% |
| Revenue from Power Sales | 217,125.69 | 245,413.85 | -11.53% |
| Administrative Expenses | 7,233.35 | 5,636.82 | 28.32% |
| Finance Expenses | 46,426.42 | 45,891.84 | 1.16% |
| Net Profit | 55,293.99 | 123,970.93 | -55.40% |
| EPS (In Rs.) | 11.06 | 30.99 | -64.32% |
| Net Worth per Share (In Rs.) | 110.91 | 130.76 | -15.17% |
