Mandakini Hydropower's Net Profit Increased by 22.94%

Mandakini Hydropower Limited (MHL) has published its unaudited financial report for the fourth quarter of fiscal year 2081/82. According to the report, the company recorded a net profit of Rs. 3.98 crore, marking a 22.94% increase compared to Rs. 3.24 crore in the same period of the previous year.

The growth in profit is attributed to a modest 1.51% rise in revenue from electricity sales and a 4.41% increase in operating profit. Additionally, the company's finance income rose significantly by 25.25%, while finance costs dropped by 18.65%, contributing to the overall profitability.

The Earnings Per Share (EPS) also saw a marginal improvement, increasing by 90 paisa to reach Rs. 6.17. As of the end of Ashad, the company’s net worth per share stood at Rs. 107.13, and its Price-to-Earnings (PE) ratio was 97.63 times.

MHL has a paid-up capital of Rs. 64.67 crore and reserves of Rs. 4.61 crore under other equity.

Overall, the combination of increased operational efficiency and reduced financial burden has led to an improved financial performance for Mandakini Hydropower in the reviewed fiscal year.