Unilever Nepal’s Profit Falls 19.54% to Rs. 39.08 Crore as Revenue Declines

Unilever Nepal Limited (UNL) reported a net profit of Rs. 39.08 Crore in the fourth quarter of fiscal year 2082/83, marking a 19.54% decline from Rs. 48.57 Crore recorded in the corresponding quarter of the previous fiscal year.

The decline in profitability came as the company’s revenue from operations fell 4.03% to Rs. 7.91 Arba from Rs. 8.25 Arba a year earlier. Meanwhile, earnings per share (EPS) declined by 19.54% to Rs. 424.32, compared to Rs. 527.36 in the previous year.

Unilever Nepal’s total expenses increased by 2.22% to Rs. 6.10 Arba during the review period, compared to Rs. 5.97 Arba in the corresponding quarter last year.

Other income also declined by 23.66% to Rs. 12.26 Crore from Rs. 16.06 Crore, putting additional pressure on the company’s bottom line.

The company maintained its paid-up capital at Rs. 9.21 Crore, while other equity stood at Rs. 5.01 Arba, down 2.48% year-on-year.

Investment in fixed deposits declined sharply by 60.03% to Rs. 1.00 Arba. In contrast, cash and cash equivalents increased by 65.63% to Rs. 1.44 Arba.

Inventories also increased significantly by 41.89% to Rs. 1.55 Arba, while trade receivables declined marginally by 2.28% to Rs. 1.41 Arba.

Property, plant and equipment increased by 8.73% to Rs. 1.69 Arba.

Unilever Nepal’s net worth per share stood at Rs. 5,537.13, down 2.44% from Rs. 5,675.57 a year earlier.

At the end of the quarter, the company’s shares were priced at Rs. 47,200, with a price-to-earnings (P/E) ratio of 111.24 times.

Report:

Major Financial Highlights:

Particulars (Rs in 000) Unilever Nepal Limited
Q4 2082/83 Q4 2081/80 Difference
Paid Up Capital                   92,100                92,100 0.00%
Other Equity (Retained Earnings)              5,007,600          5,135,100 -2.48%
Property, Plant and Equipment             1,685,100          1,549,800 8.73%
Investment in Fixed Deposits             1,002,400          2,508,000 -60.03%
Trade Receivables             1,411,100          1,444,000 -2.28%
Cash and Cash Equivalents             1,439,200              868,900 65.63%
Inventories             1,546,700          1,090,100 41.89%
Revenue from Operation             7,913,600          8,245,700 -4.03%
Other Income                 122,600              160,600 -23.66%
Total Expenses             6,098,200          5,965,800 2.22%
Net Profit                 390,800              485,700 -19.54%
EPS (In Rs.) 424.32 527.36 -19.54%
Net Worth per Share (In Rs.) 5537.13 5675.57 -2.44%
Qtr End P/E Ratio 111.24   -  0.00%
Qtr End Price 47200 - 0.00%