Mandu Hydropower's Net Profit Surges 331.95% to Over NPR 217 Million; EPS Rises to NPR 14.47
Mandu Hydropower Limited reported a 331.95% surge in net profit to NPR 217.08 million for the first quarter of the current fiscal year 2083/84. Driven by a sharp rise in revenue from electricity sales, the company's Earnings Per Share (EPS) advanced to NPR 14.47. Meanwhile, the company is advancing plans to expand its operational 22 MW Bagmati project to 32 MW.
Mandu Hydropower Limited has reported a massive 331.95% year-on-year surge in net profit for the first quarter of the current fiscal year 2083/84, according to its unaudited financial statement. The company recorded a net profit of NPR 217.08 million (NPR 21 crore 70 lakh 86 thousand) during the review period, up significantly from NPR 50.25 million (NPR 5 crore 2 lakh 57 thousand) recorded in the corresponding quarter of FY 2082/83.
The primary driver behind this robust profit growth was a substantial increase in electricity sales revenue. Mandu Hydropower generated NPR 342.99 million (NPR 34 crore 29 lakh 94 thousand) from power sales during the first quarter, compared to NPR 166.42 million (NPR 16 crore 64 lakh 22 thousand) in the same period last year. Consequently, total revenue expanded to NPR 343.05 million (NPR 34 crore 30 lakh 55 thousand), while operating profit reached NPR 313.93 million (NPR 31 crore 39 lakh 33 thousand).
Key Financial Highlights:
- Earnings Per Share (EPS): Surged to NPR 14.47 from NPR 3.69 in the previous year
- Net Worth Per Share: NPR 151.20
- Price-to-Earnings (P/E) Ratio: 54.38 times
- Paid-up Capital: NPR 1.50 billion (NPR 1 Arba 50 Crore)
- Reserves and Retained Earnings: NPR 597.39 million (NPR 59 Crore 73 Lakh 95 Thousand)
Mandu Hydropower currently operates the 22 MW Bagmati Small Hydropower Project. The company has initiated the process to expand the plant's capacity by an additional 10 MW, bringing the total output capacity to 32 MW.