Sanima Mai Hydropower earns Rs 22.93 crore in Q3; committed to invest Rs 1.08 arba in 4 hydro projects

Wed, May 8, 2019 6:43 AM on Financial Analysis, Latest,

Sanima Mai Hydropower Limited (SHPC) has posted increment in its net profit by 5.03% percent in the third of the FY 2075/76.

According to the unaudited financial report published today, its net profit after income tax has increased to Rs 22.93 crore in the third quarter of fiscal year 2075/76 from Rs 20.20 crore in the corresponding quarter of the previous fiscal year 2074/75.

It has made regular income from power sales of Rs 60.28 crore by the end of the third quarter rising from Rs 56.69 crore in the corresponding quarter.

Its retained earnings amounts to Rs 46.35 crore till the third quarter. Its current paid up capital stands at Rs 2.32 arba.

The hydropower company has Rs 14 crore investments in associates companies and Rs 65.32 as advance for investment i.e. Swet Ganga Hydropower, Sanima Middle Tamor Hydropower, Mathillo Mailun Khola Jalvidhyut Hydropower and Bavari Construction P Limited. Sanima Mai Hydropower has committed to invest Rs 1.08 arba in these four hydropower companies.

Its annualized EPS stands at Rs 13.18 and net worth per share is at Rs 122.97.

Major Highlights:

Particulars (Rs in 000)

Sanima Mai Hydropower

Q3 2075/76

Q3 2074/75

Difference

Paid Up Capital

                                2,321,000

           2,110,000

10.00%

Share Premium

-

                 61,137

-

Other Reserve

                                    69,689

                 50,000

39.38%

Retained Earnings

                                    463,521

               441,947

1.13%

Borrowings

                                2,479,100

           2,882,235

-14.30%

Investment in associates

                                    140,000

                    7,000

1900.00%

Advance for Investment

                                    653,250

               411,000

1900.00%

Sale of Electricity

                                    602,824

               566,913

3.81%

Other Income

                                      41,256

                 43,748

15.02%

Profit After Tax

                                    229,382

               202,006

5.03%

Annualized EPS (In Rs.)

13.18

12.76

-4.71

Net Worth per Share (In Rs.)

122.97

126.21

-0.90%

Qtr End P/E Ratio

                                               18

  -

-