सायपत्री हाइड्रोपावर चौथो त्रैमास: आम्दानी स्थिर, EPS घट्यो, बजार मूल्य बढ्योSayapatri Hydropower Q4 Financial Highlights: Strong Revenue, Weak EPS & High Valuation
सायपत्री हाइड्रोपावर लिमिटेडले आर्थीक वर्ष २०८१/८२ (2024/25) को चौथो त्रैमासिक अडिट गरिएको नतिजा सार्वजनिक गरेको छ।
कम्पनीको कुल आम्दानी ५ करोड ७८ लाख रुपैयाँ पुगेको छ, जुन अघिल्लो वर्षको सोही अवधिको ५ करोड ७३ लाख रुपैयाँभन्दा अलि मात्र वृद्धि हो। त्रैमासिक आधारमा हेर्दा आम्दानी १८ प्रतिशतले बढेको देखिन्छ।
तर मोटा नाफा (Gross Profit) घटेर ४ करोड ९७ लाखमा सीमित भएको छ, जुन गत वर्षको ५ करोड २७ लाखभन्दा कम हो। यसले सञ्चालन खर्च बढेको संकेत गर्दछ।
शुद्ध नाफा (Net Income) ५७ लाख ७७ हजारमा पुगेको छ, जुन गत वर्षको १४ लाख ५८ हजारभन्दा धेरै भए पनि अघिल्ला त्रैमासिकहरुभन्दा निकै कम हो। शुद्ध नाफा मार्जिन चौथो त्रैमासमा ९.९९% मा झरेको छ, जुन पहिलो त्रैमासमा ४९% थियो।
मुख्य वित्तीय अनुपात कमजोर देखिएका छन्। Return on Asset (ROA) १.१६% मा र Return on Equity (ROE) २.०९% मा सीमित छ। त्यस्तै, प्रति शेयर आम्दानी (EPS) घटेर १.९३ रुपैयाँमा पुगेको छ, जुन लगानीकर्ताका लागि चिन्ताजनक मानिन्छ।
यद्यपि कम्पनीको बुक भ्यालु ९१.३८ रुपैयाँमा स्थिर छ भने बजार मूल्य बढेर ६६७.६९ रुपैयाँ पुगेको छ। यसले लगानीकर्ताको विश्वास अझै मजबुत रहेको देखाउँछ। तर, Price to Earnings (PE) Ratio ३४६.६७ गुणा पुगेको छ, जसले बजार मूल्य अत्यधिक महँगो भएको जोखिम देखाउँछ।
समग्रमा, सायपत्री हाइड्रोपावरले राजस्वलाई स्थिर राखे पनि नाफामा अस्थिरता देखिएको छ। लगानीकर्ताले अझै विश्वास देखाए पनि कम्पनीले खर्च नियन्त्रण र नाफा स्थिरीकरणमा ध्यान दिनुपर्ने आवश्यकता प्रष्ट भएको छ।
Sayapatri Hydropower Limited has released its audited financial results for the fourth quarter of fiscal year 2024/25, showing a mixed performance across key indicators.
The company’s total revenue stood at Rs. 57.81 million, slightly above the Rs. 57.33 million recorded in the same quarter last year, reflecting a modest year-on-year growth of 0.57%. Compared to the third quarter, revenue rose sharply by 18.2%, signaling improved generation and sales in the final quarter.
Despite stable revenue, gross profit declined to Rs. 49.77 million from Rs. 52.73 million in the same period last year, lowering the gross margin from 91.99% to 86.09%. This suggests rising operating expenses and cost pressures in hydropower operations.
On the profitability front, net income improved significantly year-on-year, reaching Rs. 5.77 million compared to Rs. 1.45 million last year. However, it was lower than previous quarters where the company had posted stronger earnings, highlighting fluctuations in profitability. Net profit margin for Q4 was just under 10%, a sharp drop from Q1’s 49%.
Key financial ratios also reflect a cautious outlook. Return on Assets (ROA) dropped to 1.16% while Return on Equity (ROE) slipped to 2.09%, both weaker compared to earlier quarters. The company’s earnings per share (EPS) fell to Rs. 1.93 (annualized), down from Rs. 17.80 in Q1, indicating reduced shareholder returns.
Meanwhile, the company’s book value per share remains stable at Rs. 91.38, close to last year’s Rs. 89.46, showing steady asset strength. However, the market price per share has surged to Rs. 667.69 from Rs. 599.90 a year ago, reflecting strong investor confidence despite declining profitability. The reported price-to-earnings (PE) ratio stands at a steep 346.67, suggesting overvaluation risks in the current market sentiment.
Overall, Sayapatri Hydropower closed the fiscal year with resilient revenues but volatile profits, raising questions about operational efficiency and future dividend sustainability. Investors appear optimistic, but fundamentals point to the need for cost management and profit stabilization.
