Himalayan Distillery posts a massive profit growth of 216% by Q4

ShareSansar, August 12:

Himalayan Distillery Limited has posted 216.6 percent net profit rise in the last fiscal year.

Publishing the unaudited report for the fourth quarter today, the distillery based in Parsa has stated that its net profit has risen to Rs 17.07 crore in the last fiscal year up from Rs 5.39 crore in the previous fiscal year 2069/70.

It may be noted that even after deducting the accumulated loss of Rs 8.73 crore by the fourth quarter, its balance transferred to the balance sheet shows an impressive profit gain of Rs 8.33 crore.

The profit was largely fuelled by operating profit, which surged to Rs 55.20 crore by the fourth quarter end as compared to Rs 36.61 crore at the end of the corresponding quarter.

Himalayan Distillery’s EPS has now surged to Rs 44.27, up from Rs 13.99 while its P/E ratio now stands at 2.26 times and its net worth per share has also considerably risen to Rs 114.55, up from Rs 75.50.