Increased Electricity Sales and Finance Income; and Lowering Finance Cost results 32.98% Rise in Net Profit of Sanima Mai Hydropower in Q4
Mon, Aug 8, 2022 10:13 AM on Financial Analysis, Latest,
Sanima Mai Hydropower Company Limited (SHPC) has reported an increase in net profit by 32.98% in the fourth quarter (Q4) of FY 2078/79. The profit increased to Rs. 54.05 crores in this quarter from Rs. 40.64 crores in the corresponding quarter of the previous year.
The revenue from the sale of electricity increased by 9.96% in this quarter and financial income has increased by 305.31% as compared to the corresponding previous year's quarter ending.
Till the end of Ashad 2079, Mai Hydropower Plant (22MW) has generated an invoice of Rs 71.05 crores and Mai Cascade Hydropower Plant (5MW) has generated an invoice of Rs 22.44 crores.
The company has invested a total of Rs 1.22 arba in the subsidiary project named Swet Ganga Hydropower and Construction Limited (45 Crores), Sanima Middle Tamor Hydropower Limited (53.32 Crores), Mathilo Mailun Khola Jalvidhyut Hydropower Limited (23.75 Crores), Bavari Construction P Limited (2 Crores) and Sanima Jum Hydropower Limited (50 Crores - Committed Investment).
SHPC has a share capital of Rs 3.08 Arba, whereas, retained earnings are Rs 91.70 crore. At this capital, the EPS stands at Rs. 17.50 and the net worth per share at Rs 129.99. The company sits in a satisfactory liquidity position of 1.85 times.
Major Financial Highlights:
| Particulars (Rs in 000) | Sanima Mail Hydropower | ||
| Q4 2078/79 | Q4 2077/78 | Difference | |
| Paid Up Capital | 3,089,251 | 2,808,410 | 10.00% |
| Retained Earnings | 917,012 | 671,446 | 36.57% |
| Other Reserve | 9,413 | 6,546 | 43.79% |
| Property, Plant and Equipment | 14,577 | 15,760 | -7.50% |
| Intangible Assets | 3,434,738 | 3,587,618 | -4.26% |
| Investment in associates | 1,225,700 | 1,225,700 | 0.00% |
| Investment in Term Deposits | - | - | 0.00% |
| Cash and Short Term Deposits | 73,083 | 64,410 | 13.47% |
| Bowwowings | 1,351,450 | 1,713,412 | -21.13% |
| Sale of Electricity | 935,027 | 850,310 | 9.96% |
| Finance Income | 39,080 | 9,642 | 305.31% |
| Finance Cost | 145,569 | 185,837 | -21.67% |
| Operation and Maintenance Expenses | 178,416 | 178,304 | 0.06% |
| Current Tax | 9,103 | 1,942 | 368.80% |
| Net Profit | 540,538 | 406,476 | 32.98% |
| EPS (In Rs.) | 17.50 | 14.47 | 20.89% |
| Net Worth per Share (In Rs.) | 129.99 | 124.14 | 4.71% |
| Qtr End P/E Ratio | 17.49 | - | 0.00% |
| Current Ratio | 1.85 | 1.98 | -6.57% |
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