Mathillo Mailun Khola Jalvidhyut Limited (MMKJL) turned its financials around in Q1 2081/82, moving from a loss to a net profit.
The company’s paid-up capital grew by 14.73% to Rs. 1 Arba, and reserves surged by 176.77% to Rs. 11.86 lakhs, though retained earnings remained negative at Rs. 5.65 crores. Property assets decreased by 6.95% to Rs. 85.17 lakhs, while long-term borrowings increased by 22.75% to Rs. 2.13 Arba.
Power sales revenue hit Rs. 14.25 crores, and administrative expenses rose significantly. MMKJL posted a net profit of Rs. 4.39 crores, boosting EPS to Rs. 17.56 from a negative Rs. 1.40 last year.
About: Mathillo Mailun Khola Jalvidhyut Limited (MMKJL)
Mathillo Mailun Khola Jalvidhyut Limited (MMKJL) is a hydropower company in Nepal, focused on the 14.3 MW Mathillo Mailung Khola Jalvidhyut project, a run-of-river hydropower initiative located in Rasuwa district. Established on August 14, 2012, MMKJL is backed by Sanima Mai Hydropower Ltd. and Molnia Power Ltd. In November 2023, MMKJL made its debut on the Nepal Stock Exchange (NEPSE) by listing 10 million IPO shares with an initial price range between Rs. 96.14 and Rs. 288.42, and by November 2024, the stock had risen to Rs. 544 per share. Financially, MMKJL saw a strong turnaround in the first quarter of fiscal year 2081/82, achieving a net profit of Rs. 4.39 crores, a notable improvement from a Rs. 30.51 lakhs loss in the previous year’s Q1, driven largely by power sales revenue of Rs. 14.25 crores. The company’s main office is located in Dhumbarahi, Kathmandu, near Sankha Park.
