Sanima Mai Hydropower reports a net profit of 25.44 crore in Q2; income increases by 190%


    Sanima Mai Hydropower Company Ltd. (SHPC) has posted a net profit of Rs 25.44 crore in the second quarter of the fiscal year 2073/74. It had a net loss of Rs 1.92 crore as of the corresponding quarter of the last fiscal year.

    Sanima Mai Hydropower was facing loss of millions rupees due to the increased overhead cost including bank interest and depreciation cost.

    As per the unaudited financial statement published by the hydropower company today, its total income has reached Rs 50.73 crore, out of which Rs 50.63 was from the sale of electricity. This is a 190% increase from last year.

    Its paid up capital is Rs 1.05 arba with a reserve of Rs 26.34 crore. Its EPS now stands at Rs 24.11, net worth per share at Rs 124.97 and P/E ratio at 32.6 times.

    Source: Share Sansar