Super Madi Hydropower Limited (SMHL) has demonstrated remarkable financial strength in the third quarter of Fiscal Year 2080/81, showcasing an impressive surge in earnings amounting to Rs. 9.02 Crores. This turnaround marks a significant improvement from the net loss of 1.07 Crores reported during the same quarter last year.
During this period, SMHL’s loans and borrowings climbed to Rs. 6.16 Arba, indicating a substantial increase of 7.25%.
The company witnessed a notable increase in revenue compared to the corresponding quarter last year, generating an impressive Rs. 94.55 Crores from power sales. Meanwhile, operating expenses were reported at Rs. 5.75 Crores, and financial costs surged to Rs. 56.79 Crores.
SMHL maintains a robust financial structure with a paid-up capital of Rs. 2.1 Arba and commendable Reserves and Surplus valued at Rs. 10.84 Crores. The Annualized Earnings Per Share (EPS) stands at Rs. 5.73, with the company’s net worth reported at Rs. 105.16 Crores.
The Supermadi Hydro Power Project, managed by Super Madi Hydropower, has commenced commercial operations as of Chaitra 27, 2079. Since the 18th of Falgun, 2079, trading for the shares has begun on the Nepal Stock Exchange Limited.
Benefiting from robust water flow within the Madi River, the project has reported substantial earnings exceeding the contracted energy output from Poush to the end of Chaitra. This positive development has instilled confidence within the company, anticipating continued or even improved production levels in the foreseeable future.