Sanima Mai Hydropower Reports 53.33% Decline in Net Profit for Q2 FY 2082/83

Sanima Mai Hydropower Limited (SMHL) has unveiled its second-quarter report for 2082/83, reflecting a 53.33% decline in Net profit. As per the report, the net profit decreased to Rs. 12.56 crore as compared to Rs 26.91 crore in the corresponding quarter of the previous year.

The company’s paid-up capital increased by 10% to Rs. 3.73 Arba, while retained earnings decreased by 14.67% to Rs. 1.17 arba. Property, plant, and equipment stood at Rs. 1.21 crore, reflecting a 2.43% decline compared to the previous fiscal year. During the review period, the company made an investment of total worth Rs. 3.6 arba.

Income from power sales fell by 45.81% to Rs. 22.02 crore. As a result, annualized earnings per share (EPS) fell down to Rs. 6.72 from Rs. 15.84 in the corresponding year. Tts net worth per share declined by 11.19% to Rs. 169.

The company’s price-to-earnings (P/E) ratio stood at 82.13 times, with a quarter-end market price of Rs. 552 per share.

Report:

Particulars (In Rs '000) Sanima Mai Hydropower Limited
Q2 2082/83 Q2 2081/82 Difference
Paid Up Capital 3,737,993.71 3,398,176.10 10.00%
Retained Earnings 1,174,440.32 1,366,817.30 -14.07%
 Reserves 1,404,683.62 1,760,376.31 -20.21%
Property, Plant & Equipment (NET) 12,174.31 12,477.58 -2.43%
Investment 3,600,246.51 3,706,199.40 -2.86%
Revenue from Power Sales 220,207.50 406,356.18 -45.81%
Operating Profit 84,309.57 270,963.03 -68.89%
Administrative Expenses 10,496.96 12,097.58 -13.23%
Net Profit 125,618.75 269,180.57 -53.33%
Annualized EPS (In Rs.) 6.72 15.84

-57.58%

Net Worth per Share (In Rs.) 169.00 192.03 -11.99%
Qtr end PE Ratio (times) 82.13 - -
Qtr End Market Price 552 - -