Sanima Middle Tamor Hydropower Reports 104.59% Rise in Q1 Net Profit

Sanima Middle Tamor Hydropower Limited (TAMOR) has released its first-quarter financial results for FY 2083/84, reporting a significant 104.59% increase in net profit, supported by strong growth in power sales and operating profit.

The company’s paid-up capital remains unchanged at Rs. 3.33 Arba, while retained earnings surged by 120.79% to Rs. 1.20 Arba. Similarly, reserves increased by 106.49% to Rs. 8.87 million. Property, plant, and equipment stood at Rs. 55.72 Crore, reflecting a 10.27% decline compared to the corresponding quarter of the previous fiscal year.

Income from power sales increased by 29.34% to Rs. 74.33 Crore from Rs. 57.47 Crore in Q1 FY 2082/83. Likewise, operating profit rose by 43.61% to Rs. 55.05 Crore from Rs. 38.33 Crore.

Meanwhile, administrative expenses declined by 3.65% to Rs. 11.39 million from Rs. 11.83 million in the corresponding period.

As a result, the company’s net profit jumped by 104.59% to Rs. 42.97 Crore from Rs. 21.00 Crore. Earnings per share (EPS) doubled to Rs. 12.89 from Rs. 6.30, marking a 104.59% increase. Similarly, net worth per share increased by 17.04% to Rs. 136.28 from Rs. 116.44.

At the end of Q1 FY 2083/84, the company’s price-to-earnings (P/E) ratio stood at 44.59 times, while its quarter-end market price was Rs. 574.90 per share.

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Major Highlights:

Particulars (In Rs '000) Sanima Middle Tamor Hydropower Limited
Q1 2083/84 Q1 2082/83 Difference
Paid Up Capital 3,332,500.00 3,332,500.00 0.00%
Retained Earnings 1,200,182.86 543,596.48 120.79%
 Reserves 8,866.39 4,293.95 106.49%
Property, Plant & Equipment (NET) 55,722.58 62,100.19 -10.27%
Revenue from Power Sales 743,276.25 574,666.87 29.34%
Operating Profit 550,466.43 383,308.58 43.61%
Administrative Expenses -11,393.65 -11,825.78 -3.65%
Net Profit 429,667.29 210,016.41 104.59%
EPS (In Rs.) 12.89 6.30 104.59%
Net Worth per Share (In Rs.) 136.28 116.44 17.04%
Qtr end PE Ratio (times) 44.59 - -
Qtr End Market Price 574.9 - -