Super Madi Hydropower Limited has published its un-audited financial report for the fourth quarter of the fiscal year 2082/83, showing a huge jump in net profit.
Super Madi Hydropower Limited has published its un-audited financial report for the fourth quarter of the last fiscal year 2082/83. According to the report, company net profit has increased by 277.68 percent to reach Rs 42 crore 59 lakh. In the previous fiscal year, the company had earned a net profit of Rs 11 crore 27 lakh.
Reasons Behind the Profit Growth
The main reasons for this profit jump are increase in electricity sales and huge drop in finance costs. As the revenue from electricity generation went up, the operating capacity of the company improved. Also, drop in the interest cost had positive impact on the overall profit of company.
During this review period, electricity sales income of the company grew by 18.09 percent. The income reached Rs 1 arba 33 crore 4 lakh, compared to Rs 1 arba 12 crore 62 lakh in the same period of previous year.
On the other hand, finance cost of company decreased by 15.28 percent to Rs 46 crore 5 lakh. This cost was Rs 54 crore 36 lakh in the previous year. However, depreciation expense went up from Rs 30 crore 67 lakh to Rs 31 crore 79 lakh. Other operating expenses also increased from Rs 7 crore 28 lakh to Rs 8 crore 87 lakh.
Strong Reserves and Improved Balance Sheet
There is a great improvement in reserves of the company. The reserve fund, which was Rs 14 crore 14 lakh in previous year, has now reached Rs 45 crore 14 lakh. This shows that company is successfully accumulating its profits.
By the end of this review period, total assets of the company increased by 1.84 percent to Rs 96 crore 13 lakh. At the same time, total liabilities decreased by 3.47 percent to Rs 68 crore 47 lakh. Current liabilities also went down by 45.47 percent, which means company short term financial pressure has eased down.
Key Financial Indicators
Currently, the paid-up capital of the company stands at Rs 2 arba 31 crore 52 lakh. The Earnings Per Share (EPS) is Rs 18.40 and net worth per share is Rs 119.50. The company also informed that its total assets per share value is Rs 415.22 and liquidity ratio is 2.08.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
