Shuvam Power Records Growth in Net Profit Despite Decreased Income

Aug 16, 2023 10:15 AM Merolagani

Shuvam Power (SPL) has published fourth quarter report of the last FY. As per the report, its net profit increased compared to the corresponding period of the previous FY.

During the period, it earned Rs 23.7 million through sales which is 11.01 percent less compared to Rs 26.7 million of the previous FY.

The sales income declined due to operational halt in Lower Piluwa Khola Hydropower due to flood.

Although, its sales declined, it logged 7.96 percent growth in net profit. It earned net profit of Rs 2.1 million during the period as a result of decline in current tax.

 Although its net profit increased, its EPS declined by Rs 0.35 to Rs 1.08. The company maintained net worth per share of Rs 92.05 and P/E ratio of 662.46 times.

The company with Rs 200  million in paid-up capital has retained earned of Rs 10.5 million.

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