Mandu Hydropower Q1 Net Profit Surges Over Fourfold to NPR 217 Million Driven by Electricity Sales

3rd November 2026, Kathmandu

Mandu Hydropower Limited has published its unverified financial report for the first quarter of the fiscal year 2083/84 ending Mid-October 2026 showing massive earnings growth.

Mandu Hydropower Net Profit Surges 

The hydropower company recorded a net profit of NPR 217.09 million during the review period. This represents an impressive 331.95 percent increase compared to NPR 50.26 million earned in the corresponding quarter of the previous fiscal year.

Net Profit and Operational Revenue Breakdown

The primary catalyst for the substantial profit expansion was the sharp increase in electricity sales revenue following regularized project operations.

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• Net Profit: Reached NPR 217.09 million, rising by 331.95 percent year-on-year from NPR 50.26 million in Q1 FY 2082/83.
• Electricity Sales Income: Expanded to NPR 343.00 million, compared to NPR 166.42 million recorded in the baseline period.
• Total Operational Income: Stood at NPR 343.06 million, up from NPR 166.43 million in the base quarter.
• Operating Profit: Recorded at NPR 313.93 million during the review period.

Capital Reserve Structure and Balance Sheet Indicators

Strong operational cash flow strengthened company reserves and expanded equity metrics.

• Paid-up Capital Base: Maintained at NPR 1.50 billion.
• Reserves and Retained Earnings: Reached NPR 597.40 million by the end of the first quarter.
• Current Ratio: Stood at 0.82.
• Return on Assets (ROA): Recorded at 4.13 percent.

Key Per-Share Ratios and Valuation Metrics

Surging bottom-line earnings drove up per-share metrics during the first quarter.

• Earnings Per Share (EPS): Increased to NPR 14.47, up from NPR 3.69 in the baseline quarter.
• Net Worth Per Share: Recorded at NPR 151.20.
• Price-to-Earnings (P/E) Ratio: Stood at 54.38 times.
• Market Price Per Share: Recorded at NPR 787 at quarter end.

Project Capacity Expansion and Reconstruction Overview

Operational stability and capacity expansion plans underpin the company’s future growth trajectory.

• Operational Project: Currently operates the 22 MW Bagmati Small Hydropower Project.
• Expansion Project: Process underway to expand capacity by 10 MW to achieve a total installed capacity of 32 MW.
• Regulatory Milestones: Secured necessary expansion approvals from the Nepal Electricity Authority (NEA) and finalized the Power Purchase Agreement (PPA).
• Operational Status: Full reconstruction completed following past natural disaster damages, resulting in regularized power generation and steady cash flows.

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