Sanjen Hydropower Limited Reports Impressive Turnaround; Revenue Surges by 779%

Sanjen Hydropower Company Limited (SJCL) has published its unaudited financial report for the first quarter of the fiscal year 2082/83, revealing a significant improvement in performance and a strong recovery from losses to profit.

According to the report, the company earned Rs. 55.79 crores from electricity sales during the first three months of the current fiscal year, marking an increase of 779.45% compared to the Rs. 6.34 crores earned during the same period last year. With this sharp rise in revenue, SJCL has moved from a loss of Rs. 5.49 crores in the same quarter last fiscal year to a net profit of Rs. 15.28 crores this year.

The company attributed this remarkable improvement to the regular operation of its two projects — the 42.5 MW Sanjen Hydropower Project and the Sanjen Upper Hydropower Project. Following the completion of the Chilime–Trishuli 220 kV transmission line by the Nepal Electricity Authority, electricity generated from both projects is now transmitted through this line, significantly boosting electricity sales revenue.

By the end of the first quarter, the company reported an earnings per share (EPS) of Rs. 16.75 and a net worth per share of Rs. 85.54. The price-to-earnings (P/E) ratio stood at 16.12 times. The company’s paid-up capital remains at Rs. 3.65 billion, while its reserve fund is still in the negative at Rs. 528.2 million.