Super Madi Hydropower (SMHL) has released its third-quarter report for the current fiscal year, showcasing impressive financial results and marking a significant milestone in its operations.
According to the report, SMHL has not only witnessed a notable increase in sales but has also achieved a commendable net profit during the review period, signaling a remarkable turnaround from previous fiscal challenges.
During this quarter, the company reported a net profit of Rs 90.2 million, a remarkable improvement compared to the loss of Rs 10.7 million incurred during the same period in the last fiscal year. This surge in profitability can be attributed to the substantial increase in sales income, reflecting the company’s robust performance in the market.
In a noteworthy development, SMHL’s sales soared from Rs 13.2 million in the corresponding period of the previous fiscal year to an impressive Rs 945.5 million in the current fiscal year, underscoring its strong market presence and revenue-generating capabilities.
Despite the surge in sales income, the company recorded financial expenses amounting to Rs 567.9 million during the review period. However, this did not deter SMHL from achieving a positive net profit, showcasing its resilience and effective financial management.
Key financial metrics further highlight SMHL’s strong performance, with an earnings per share (EPS) of Rs 5.73 and a net worth per share of Rs 105.16. These figures demonstrate the company’s profitability and shareholder value creation.
With a paid-up capital of Rs 2.10 billion and a reserve fund of Rs 108.4 million, SMHL is well-positioned to capitalize on future growth opportunities and sustain its positive momentum in the market.
The remarkable financial turnaround and strong performance reported by SMHL underscore its resilience, strategic vision, and commitment to delivering value to its stakeholders. As the company continues to navigate the dynamic landscape of the hydropower sector, its robust performance signals a promising outlook for future growth and success.
