Super Madi Hydropower's Net Profit Surged By 69.25% in Q2; Earns Over Rs. 67.28 Crore from Electricity Sales

Super Madi Hydropower Limited (SMHL) has published its unaudited financial report for the Second quarter of fiscal year 2082/83, indicating solid financial growth across multiple performance indicators.

The company recorded a net profit of approximately Rs. 20.59 crore in Q2, reflecting a 69.25% increase from around Rs. 12.17 crore in the corresponding period of the previous fiscal year. As a result, the annualised earnings per share (EPS) rose to Rs. 18.68 from Rs. 11.04.

Income generated from power sales stood at Rs. 67.28 crore, 11.02% compared to Rs. 60.6 crore in the same quarter last year.

The company’s paid-up capital of the company stood at 2.20 arba, while reserve and surplus stood at Rs. 34.74 crore, marking a 131.03% growth year-on-year. Property, plant, and equipment reached Rs. 8.29 arba, down by 2.37% from the previous year. During the review period, the company made an investment worth Rs.10 Crore, against no such investment in the prior year.

Super Madi's net worth per share reached Rs. 115.76, slightly up from Rs. 106.82 in the previous fiscal year. The quarter-end price-to-earnings (PE) ratio stood at 31.84 times, while the share’s market price at quarter-end was Rs. 594.8.

Report:

Particulars (In Rs '000) Super Madi Hydropower
Q1 2081/82 Q1 2080/81 Difference
Paid Up Capital 2,205,000.00 2,205,000.00 0.00%
Reserve and Surplus 347,480.32 150,403.12 131.03%
Investments 100,000.00 0.00 0.00%
Property, Plant & Equipment 8,296,971.73 8,498,037.04 -2.37%
Revenue from Power Sales 672,866.73 606,076.78 11.02%
Finance Expenses 246,690.89 289,652.47 -14.83%
Net Profit 205,988.54 121,703.88 69.25%
Annualized EPS (In Rs.) 18.68 11.04 -
Net Worth per Share (In Rs.) 115.76 106.82 -
Qtr end PE Ratio (times) 31.84    
Qtr End Market Price 594.8 - -