Sanima Mai Hydropower Company Limited (SHPC) has reported a positive performance in the first quarter of the fiscal year 2080/81, demonstrating a 6.02% increase in net profit. The company’s net profit climbed to NPR 24.92 crores, up from NPR 23.5 crores in the same quarter of the previous year.
This growth was primarily supported by a 2.43% increase in revenue generated from electricity sales, reaching NPR 32.98 crores. Additionally, SHPC managed to significantly reduce both plant operating expenses and financial expenses by 19.33% and 19.59%, respectively, in comparison to the previous year’s quarter.
Up to the end of Ashwin 2080, the Mai Hydropower Plant (22MW) and Mai Cascade Hydropower Plant (7MW) generated impressive revenues of NPR 24.81 crores and NPR 8.17 crores, respectively.
Furthermore, SHPC strategically invested a total of NPR 2.74 arba in subsidiary projects, including 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. These investments underscore the company’s commitment to expansion and diversification.
With a share capital of NPR 3.08 Arba and retained earnings of NPR 1.42 Arba, SHPC demonstrated an annualized Earnings Per Share (EPS) of NPR 32.37 and a net worth per share of NPR 164.17. The company’s Price/Earnings (P/E) ratio stands at 8.83 times.
Highlights:
- Sanima Mai Hydropower Reports an 11.36% Drop in Net Profit
- Sanima Mai Hydropower reports 20.40% decline in net profit in Q3 of FY 2079/80
- Sanima Mai Hydropower Proposes 10.52% Dividend for FY 2079/80; AGM on Kartik 23
- Decrease in Sales Revenue and Increase in Finance Cost Results 33.12% Decline in Net Profit of Supermai Hydropower for Q2
- “CHCL Earns Rs. 69.45 Crores in Q4 of FY 79-80; Decline in Profits Linked to Reduced River Flow”