Decrease in Sales Revenue and Increase in Finance Cost Results 33.12% Decline in Net Profit of Supermai Hydropower for Q2
Fri, Feb 24, 2023 12:02 PM on Latest, Financial Analysis, Stock Market,
Supermai Hydropower Limited (SMHL) has posted a net profit decline of 33.12% in the second quarter (Q2) of the current FY 2079/80. The profit decreased to Rs. 5.0184 crores in this quarter from Rs. 7.50 crores in the corresponding quarter of the previous year.
The decline in sales revenue and increase in finance cost resulted in a decline in net profit this quarter.
The company reported a total income of Rs. 13.93 crores in this quarter; which has decreased by 6.27% compared to the corresponding quarter of the previous year.
Its reserve fund stands at Rs. 5.30 crores with share capital at Rs 40 Crore. Its annualized earning per share stands at Rs 25.09 and net worth per share at Rs 113.26.
Also, supermai Hydropower had recently issued 4,15,000 units worth Rs 4.15 crore as Initial Public Offering (IPO) to the general public and the paid-up capital of the company will reach Rs. 50 Crores after the IPO issuance. These IPO shares are yet to be capitalized by the company.
Major Highlights:
| Particulars (In Rs '000) | Supermai Hydropower | ||
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 400,000.00 | 400,000.00 | 0.00% |
| Other Equity | 53,030.43 | 76,044.29 | -30.26% |
| Property, Plant & Equipment (NET) | 1,339,059.26 | 1,358,204.96 | -1.41% |
| Total Income (Power Sales) | 139,339.89 | 148,666.37 | -6.27% |
| General and Administrative Expenses | 3,970.31 | 2,870.89 | 38.30% |
| Financial Expenses | 47,600.21 | 34,278.60 | 38.86% |
| Net Profit | 50,184.04 | 75,041.18 | -33.12% |
| EPS (In Rs.) | 25.09 | 37.52 | -33.12% |
| Net Worth per Share (In Rs.) | 113.26 | 119.01 | -4.83% |
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