Decline in demand for alcohol due to lockdown and ongoing pandemic results in 25% fall in sales revenue of Himalayan Distillery in Q4
Fri, Aug 14, 2020 12:23 PM on Latest, Company Analysis,
Himalayan Distillery Limited (HDL) has published its financial report for the fourth quarter of FY 2076/77 today.
The report states a fall in its net profit by 13.22% reaching Rs 46.60 crore from Rs 53.70 crore in the corresponding quarter of FY 2075/76.
Due to ongoing pandemic and lockdown, most of the hotels, restaurants, bars, clubs, party palace are still closed, and its seriously affecting the demand for company best products.
It has reported total sales of Rs 2.34 arba till the fourth quarter of FY 2076/77, down from Rs 3.12 arba in the same quarter of FY 2075/76. The revenue from sales of goods declined by 25%.
HDL’s other operating income has risen to Rs 6.43 crore from Rs 5.24 crore last year.
The share capital of HDL stands at Rs 57.84 crore and reserve and surplus stand at Rs 67.52 crore.
Himalayan Distillery’s EPS stands at Rs 80.57 while its quarter-end P/E ratio stands at 19.85 times and its net worth per share stands at Rs 216.73. Its liquidity ratio stands at 1.95%.
