Sanima Middle Tamor Hydropower Limited (TAMOR) has released its first-quarter financial results for FY 2083/84, reporting a significant 104.59% increase in net profit, supported by strong growth in power sales and operating profit.
The company’s paid-up capital remains unchanged at Rs. 3.33 Arba, while retained earnings surged by 120.79% to Rs. 1.20 Arba. Similarly, reserves increased by 106.49% to Rs. 8.87 million. Property, plant, and equipment stood at Rs. 55.72 Crore, reflecting a 10.27% decline compared to the corresponding quarter of the previous fiscal year.
Income from power sales increased by 29.34% to Rs. 74.33 Crore from Rs. 57.47 Crore in Q1 FY 2082/83. Likewise, operating profit rose by 43.61% to Rs. 55.05 Crore from Rs. 38.33 Crore.
Meanwhile, administrative expenses declined by 3.65% to Rs. 11.39 million from Rs. 11.83 million in the corresponding period.
As a result, the company’s net profit jumped by 104.59% to Rs. 42.97 Crore from Rs. 21.00 Crore. Earnings per share (EPS) doubled to Rs. 12.89 from Rs. 6.30, marking a 104.59% increase. Similarly, net worth per share increased by 17.04% to Rs. 136.28 from Rs. 116.44.
At the end of Q1 FY 2083/84, the company’s price-to-earnings (P/E) ratio stood at 44.59 times, while its quarter-end market price was Rs. 574.90 per share.
