Increased Income and decreased costs leads to improved Bottom line for Sanima Mai Hydropower; Annualized EPS at Rs. 35.46
Wed, Nov 11, 2020 7:02 AM on Latest, Company Analysis,
Sanima Mai Hydropower Company Limited (SHPC) has published the unaudited first-quarter report for FY 2077/2078. As per the report, the net profit of the company rose by 10.9% to Rs. 22.63 crores from Rs. 20.39 crores in the corresponding quarter of the previous year.
The company’s paid-up capital increased to Rs. 2.55 Arba. Similarly, the company has Rs. 88.26 crores as reserves.
As per the management, due to the effective maintenance, reduced downtime, favorable rainfall and price escalation as per agreement of 3% revenue got a push by 3.95% in this quarter. Similarly, the company has been able to cut down finance costs mainly because of a lower interest rate, which has resulted in an increase in Net Profit to Rs. 22.63 crores.
The company has invested Rs. 94.75 crores in associate companies and Rs. 28.32 crores as an advance in investment i.e. Sweta Ganga Hydropower and Construction Limited, Tamor Sanima Energy Private Ltd, and Bavari Construction Private Limited.
The annualized EPS of the company stood at Rs. 35.46 and Net worth per share stood at Rs. 134.57. The company quarter-end P/E ratio stands at 9.31 times.
Financial Highlights:
|
Particulars |
Sanima Mai Hydropower Company Limited |
||
|---|---|---|---|
|
Q1, 2077/2078 |
Q1, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
2,553,100.00 |
2,321,000.00 |
10.00% |
|
Retained Earnings |
878,051.43 |
739,846.27 |
18.68% |
|
Other Reserves |
4,554.72 |
241.67 |
1784.68% |
|
Plant, Property and Equipment |
18,240.06 |
15,441.91 |
18.12% |
|
Borrowings |
2178248.67 |
2416451.23 |
-9.86% |
|
Income from Sale of Electricity |
340,665.49 |
327,723.13 |
3.95% |
|
Administrative and other Operating Expenses |
45,309.60 |
44,455.07 |
1.92% |
|
Finance Costs |
54,201.09 |
66,975.66 |
-19.07% |
|
Operating Profit/(Loss) |
279,148.00 |
266,464.01 |
4.76% |
|
Net Profit/(Loss) |
226,302.21 |
203,993.01 |
10.94% |
|
EPS (Rs.) |
35.46 |
35.16 |
0.85% |
|
Net Wroth per share (Rs.) |
134.57 |
131.89 |
2.03% |
|
Qtr End Price (Rs.) |
330.00 |
- |
- |
|
Qtr End P/E Ratio (Times) |
9.31 |
- |
- |
|
Current Ratio (times) |
3.05 |
2.29 |
- |
