Net Profit of Sanima Mai Hydropower Declines

Feb 06, 2023 03:15 PM Merolagani

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

In the review period, the company earned a net profit of Rs 329.2 million. The net profit decreased by 11.4 percent compared to Rs 371.4 million of the corresponding period of the previous FY.

Decrease in sales can be attributed to the decrease its net profit.

In the review period, its income from sales decreased by 12.4 percent to Rs 509.3 million. Moreover, it also earned Rs 378.5 million from 22MW Mai Hydropower Plant and 126.3 million from 7MW Mai Cascade Hydropower.

Along with its net profit, its EPS decreased to Rs 10.66. The company logged net worth per share of Rs 171.19 and P/E ratio of 32.46 times.

The company with Rs 3.08 billion in paid-up capital has reserve fund of Rs 1.11 billion and retained earning of Rs 1.08 billion.

The company has committed to invest Rs 1.74 billion in Swet Ganga Hydropower and Construction, Sanima Middle Tamor Hydropower, Upper Mailung Khola Jalvidhyut Hydropower, Babari Construction PVT LTD and Sanima Zoom Hydropower.

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