NRN Infrastructure & Development's Q3 Report Shows Turnaround with Rs. 5.58 Crores Net Profit; EPS at Rs. 6.08
Wed, May 8, 2024 9:46 AM on Financial Analysis, Company Analysis, Latest,
NRN Infrastructure and Development Limited (NRN) has unveiled its third-quarter financial report for FY 2080/2081, showcasing a notable upswing in earnings. The company disclosed a net profit of Rs. 5.58 Crores for the quarter, a significant turnaround from the net loss of Rs. 56.78 lakhs in the corresponding quarter of the previous fiscal year.
With a paid-up capital of Rs. 1.22 Arba, NRN possesses retained earnings amounting to Rs. 10.41 crores and an investment revaluation reserve of Rs. 47.84 Crores. During Q3 of FY 2080/81, NRN made investments totaling Rs. 34.27 crores in associates.
Furthermore, the company has allocated approximately Rs. 1.66 Arba in a portfolio comprising 13 notable companies, based on current market valuations.
Investment:
In terms of financial performance, NRN reported total revenue of Rs. 2.34 crores during the quarter, while total expenses amounted to Rs. 78.16 Lakhs.
NRN's annualized earnings per share (EPS) stands at Rs. 6.08, with a net worth per share of Rs. 147.63. Currently, the stock is trading at a P/E multiple of 84.89 times.
Major Highlights:
| Particulars (Rs in 000) | NRN Infrastructure and Development | ||
|---|---|---|---|
| Q3 2080/81 | Q3 2079/80 | Difference | |
| Paid Up Capital | 1,223,212 | 1,223,212 | 0.00% |
| Other Equity (Retained Earnings) | 104,182 | 41,756 | 149.50% |
| Investment Revaluation Reserve | 478,400 | 407,967 | 17.26% |
| Property, Plant and Equipment | 3,102 | 664 | 367.35% |
| Investment In Associates | 342,784 | 342,784 | 0.00% |
| Total Revenue | 23,456 | 36,648 | -36.00% |
| Total Expenses | 7,816 | 6,024 | 29.75% |
| Net Profit | 55,820 | (67) | - |
| Annualized EPS (In Rs.) | 6.08 | -0.01 | - |
| Net Worth per Share (In Rs.) | 147.63 | 136.77 | 7.94% |
| Qtr End P/E Ratio | 84.89 | - | |
| Qte End Price | 516.5 | - | |
