Pure Energy Profit Growth and EPS Improvement
10th February 2026, Kathmandu
Pure Energy Limited, a leading solar power developer under the Golyan Group, has recorded an impressive 283.22 percent surge in net profit for the second quarter of the fiscal year 2082/83. According to the unaudited financial report for the period ending Poush 2082, the company’s net profit reached 9.22 million, up from 2.4 million in the same period last year.
Pure Energy Profit Growth
This financial turnaround is particularly significant as it comes despite a marginal 3.77 percent dip in electricity sales revenue, highlighting a major improvement in the company’s operational efficiency and cost management.
Operational Performance in Banke
Pure Energy operates Nepal’s largest private-sector solar installation, consisting of two 10 MW blocks in Raniyapur, Banke. The facility’s performance is a key driver of the group’s renewable energy portfolio.
Revenue from power sales reached 116.1 million, compared to 120.6 million in the previous year.
The project is located in the Khajura Rural Municipality of the Banke district.
Power is evacuated through a 33 kV transmission line to the NEA Kohalpur Substation.
The company operates under a 25-year Power Purchase Agreement with the Nepal Electricity Authority at a rate of 7.30 per unit.
Key Financial Indicators
The second quarter report showcases a strengthened balance sheet, moving the company into a more stable equity position following its 2024 Initial Public Offering.
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The net profit for the current quarter stands at 9.22 million, while it was 2.40 million in the previous year. The annualized earnings per share has jumped to 2.31 from 0.75. Additionally, the net worth per share has improved to 101.63, up from 97.27. The company maintains a paid-up capital of 800 million.
One of the most vital signs of recovery is the shift in other equity. Last year, the company faced a deficit of over 2 crore in its reserves. By Poush 2082, this has turned into a surplus of 1.30 crore, effectively eliminating the previous accumulated losses and stabilizing the book value per share above the par value of 100.
Strategic Growth and Golyan Group Synergy
The success of Pure Energy is part of a broader push by the Golyan Group to lead Nepal’s energy transition. The group currently has a pipeline of over 212 MW in hydropower and solar projects across the country.
Pure Energy itself holds a 26 percent stake in Sol Power, an entity currently developing five additional solar projects in Nepal. This diversification allows the company to balance the seasonal nature of solar irradiance in the Terai with broader grid demands.
Investor Perspective
While the revenue saw a slight decline, likely due to lower solar irradiance or maintenance during the autumn months, the massive jump in net profit suggests that the company has successfully managed its internal variables.
The company has likely benefited from refinancing debt in a stabilized interest rate environment in early 2026. Furthermore, optimizing the cleaning and maintenance cycles of the bi-facial modules used in the Banke project has reduced operational costs. The company also continues to benefit from tax exemptions available to new renewable energy projects in their first decade of operation.
Conclusion
The Pure Energy profit growth report for the second quarter of 2082/83 confirms that solar energy is becoming a financially viable alternative to traditional hydropower in Nepal. With an earnings per share of 2.31 and a healthy net worth, the company has established a solid foundation for its upcoming expansion plans. As the largest independent solar producer in the country, its ability to generate high margins despite slight revenue fluctuations makes it a unique asset in the others sector of the Nepal Stock Exchange.
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