Mid Solu Hydropower's Profit Surges by 225%

Mid Solu Hydropower Limited, a key player in Nepal’s energy sector, has reported a remarkable financial growth in the second quarter of the current fiscal year. The company posted a net profit of NPR 72.3 million, marking a 225.14% increase compared to the same period last year when the profit stood at NPR 22.2 million.

Surge in Net Profit

• NPR 72.3 million (Previously NPR 22.2 million)

Increase in Revenue from Electricity Sales

• NPR 177.8 million (Previously NPR 143.2 million)

Reduction in Financial Expenses

• NPR 50.9 million (Previously NPR 75.6 million)

Paid-up Capital

• NPR 748.4 million

Reserve Fund (Reserves & Surplus)

• NPR 91.1 million

Net Worth per Share

• NPR 112.18

Earnings Per Share (EPS)

• NPR 11.35 (Annualized)

The significant increase in electricity sales revenue has played a crucial role in boosting overall profitability. Additionally, the reduction in financial expenses has further strengthened the company's financial position. With a solid net worth per share of NPR 112.18, investors may find Mid Solu Hydropower’s growth trajectory promising in the upcoming quarters.