Sanima mai reports 11.91% increment in net profit in Q2; Look at the major highlights

Thu, Feb 4, 2021 8:11 AM on Latest, Company Analysis,

Sanima Mai Hydropower Company Limited (SHPC) has posted net profit growth of 11.91% in the second quarter (Q2) of the current FY 2077/78. The profit increased to Rs. 32.22 crores in this quarter from Rs. 28.79 crores in the corresponding quarter of previous year.

SHPC has sold electricity of worth Rs 54.54 crores and collected revenue from other sources worth Rs. 1 lakh by the end of Q2.

Its reserve fund stands at Rs. 59.55 crores with share capital at Rs 2.80 Arba. The total borrowings of the company stood at Rs. 2.11 Arba by the end of the second quarter.

The company sits in a fair liquidity position of 3.83 times.

Its annualized earning per share stands at Rs 22.95, net worth per share at Rs 121.21 and P/E ratio stood at 14.12 times.

Click here for Q2 report

Major Highlights:

Particulars

Sanima Mai Hydropower Company Limited

Q2, 2077/2078

Q2, 2076/2077

Difference

Paid-Up Capital

2,808,410.00

2,321,000.00

-

Reserve & Surplus

595,543.99

824,006.58

-27.73%

Plant, Property and Equipment

17,476.29

15,505.47

12.71%

Borrowings

2,114,379.59

2,358,514.83

-10.35%

Total Income

549,640.61

527,722.35

4.15%

Administrative Expenses

91,309.38

88,658.35

2.99%

Financial Expenses

104,640.87

127,572.33

-17.98%

Net Profit

322,205.05

287,911.65

11.91%

Earnings per share (Rs.)

22.95

24.81

-

Net worth per share (Rs.)

121.21

135.50

-

P/E Ratio (times)

14.12

-

-

Current Ratio (times)

3.83

-

-