Sanima Mai Hydropower’s Net Profit Increases by 35.47%

May 09, 2022 02:33 PM Merolagani

Sanima Mai Hydropower (SHPC) has published its third quarter financial report of the current FY. As per the report, its net profit has increased compared to the corresponding period of the last FY.

In the review period, the company earned a net profit of Rs 456 million. The net profit increased by 35.47 percent compared to Rs 332.2 million of the corresponding period of the previous FY.

Increase in financial income  and energy sales can be attributed to the increase its net profit.

In the review period, its income from sales increased by 11.51 percent. Similarly, its total operating profit increased by 14.37 percent and financial income by 368.99 percent.

During the period, its paid-up capital increased by 10 percent and retained earnings by 36.71 percent.

Along with its net profit, its EPS increased to Rs 19.42. The company logged net worth per share of Rs 126.08 and P/E ratio of 19.30 times.

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