Sanima Mai Hydropower Reports Decline in Fourth Quarter Net Profit Amid Disaster Disruptions
13th August 2026, Kathmandu
Sanima Mai Hydropower Limited, one of the leading private power producers in Nepal, has officially released its unaudited financial statements for the fourth quarter of fiscal year 2082/83.
Sanima Mai Profit Declines in Fourth Quarter
The financial report reveals a notable drop in overall profit, primary electricity sales revenue, and key per-share performance indicators compared to the prior fiscal year.
The operational slowdown and financial impact experienced during the fiscal year were primarily caused by severe natural disasters that damaged critical generation infrastructure and forced extended plant shutdowns.
Impact of Extreme Natural Disasters on Energy Generation
The primary factor driving the financial contraction was a sharp decline in electricity generation following severe weather events.
On October 4, 2025, corresponding to Ashoj 18, 2082, torrential rainfall triggered widespread flooding and catastrophic landslides.
The natural disaster caused heavy structural damage to the headworks areas of both the 22 MW Mai Hydropower Project and the 7 MW Mai Cascade Project, forcing an immediate and complete shutdown of power generation.
Advertisement
Following extensive technical repair, clearing, and reconstruction work, the two hydropower facilities successfully resumed commercial operations on February 22, 2026, corresponding to Falgun 10, 2082.
The prolonged multi-month operational halt severely disrupted electricity transmission to the national grid, directly reducing top-line revenue streams.
Net Profit, Electricity Sales Revenue, and Operating Results
The extended plant downtime directly eroded core revenue channels and operational profitability during the fiscal year:
- Revenue from Electricity Sales: Revenue generated from electricity supply dropped significantly from 684.8 million Rupees in fiscal year 2081/82 down to 512.7 million Rupees in fiscal year 2082/83.
- Net Profit Growth: Net profit decreased by 8.42 percent, moving down from 320.4 million Rupees reported in the previous fiscal year to 293.4 million Rupees by the close of the review period.
- Net Operating Profit: Net operating profit registered a sharp decline, falling from 405 million Rupees in fiscal year 2081/82 to 200.8 million Rupees in fiscal year 2082/83.
Key Financial Metrics, Reserve Growth, and Equity Standing
The quarterly financial report outlines key changes across share value metrics, reserve accounts, and overall capital structure:
- Earnings Per Share: Annualized earnings per share fell from 8.57 Rupees in the previous fiscal year to 7.85 Rupees.
- Net Worth Per Share: The reported net worth per share declined from 172.97 Rupees to 137.50 Rupees by the end of the fiscal year.
- Paid Up Capital: The total paid up capital of the company remained constant at 3.7379 billion Rupees.
- Retained Earnings Reserve Fund: Despite operational setbacks, retained earnings and reserve funds recorded solid growth, expanding from 1.0488 billion Rupees to 1.3882 billion Rupees.
Conclusion on Sanima Mai Hydropower Financial Health
The fourth-quarter financial results of Sanima Mai Hydropower Limited demonstrate resilience amidst severe external physical disruptions.
While flood and landslide damage caused prolonged generation halts and temporary reductions in profitability, the successful repair and operational resumption of both the Mai Hydropower Project and Mai Cascade Project restore steady power generation capacity moving into the new fiscal year.
