Sanima Mai Hydropower net profit shrinks from Rs 25.44 crore to Rs 21.86 crore due to contracts in income from power sales

Sanima Mai Hydropower Limited (SHPC) has posted shrink in net profit by 14.07% percent in the second quarter of the FY 2074/75. According to the unaudited financial report published today, its net profit after income tax has surged to Rs 21.86 crore in the second quarter of fiscal year 2074/75 from Rs 25.44 crore in the corresponding quarter of the previous fiscal year 2073/74. It has made regular income from power sales of Rs 45.73 crore by the end of the second quarter sliding from Rs 50.63 crore in the corresponding quarter — rise by 9.67%. Its reserve fund amounts to Rs 50.86 crore from Rs 26.34 crore. Its current paid up capital stands at Rs 2.11 arba. Its annualized earnings per share (EPS) stands at Rs 20.72, net worth per share is at Rs 127 and P/E ratio at 21.76 times.