Sanima Mai Hydropower report meagre growth of 4.07% in net profit; Net proft for Q1 of 2076/77 at Rs 20.39 crore

Sanima Mai Hydropower Limited (SHPC) has posted a rise in its net profit by 4.07 percent in the first quarter of the FY 2076/77.

According to the unaudited financial report published today, its net profit after income tax has increased to Rs 20.39 crore in the first quarter of fiscal year 2076/77 from Rs 19.80 crore in the corresponding quarter of the previous fiscal year 2075/76.

It has made a regular income from power sales of Rs 32.77 crore by the end of the first quarter increasing from Rs 31.92 crore in the corresponding quarter last year.

Its retained earnings amount to Rs 73.98 crore till the first quarter. Its current paid-up capital stands at Rs 2.32 arba.

The hydropower company has Rs 24.25 crore investments in associates companies and Rs 90 crore as an advance for investment i.e. Swet Ganga Hydropower, Sanima Middle Tamor Hydropower, Mathillo Mailun Khola Jalvidhyut Hydropower and Bavari Construction P Limited.

Its anualized EPS stands at Rs 35.15 and net worth per share is at Rs 131.89.

First Quarter Report