NRN Infrastructure and Development (NRN) Reports Massive Decline in Net Profit by 100.17 % in Third Quarter of FY 2079/2080
Tue, May 9, 2023 1:43 PM on Latest,
NRN Infrastructure and Development Limited (NRN) has published third-quarter report of FY 2079/2080 with a massive decrease in Net Profit by 100.17%
The net profit of the company decreased to a negative Rs. 67 thousand from Rs. 3.88 crores in the corresponding quarter of the previous year.
The company’s paid-up capital stood at Rs. 1.22 Arba and has a reserve and surplus of Rs. 44.97 crores. (Retained Earnings + Investment Revaluation Reserve)
The company has an investment in associates of Rs. 34.27 crores in Q3 of FY 2079/80.
The company have made an investment in these 12 major companies:
Investment Details.
Investment in Associates - Himalayan Power Partner Limited
Other Investments:
- Swet Ganga Hydropower & Construction Limited
- Sanima Middle Tamor Hydropower Limited
- Mathillo Mailung Khola Jalabidhyut Limited
- Samyukta Urja Pvt. Ltd.
- Kumari Bank Limited (Promoter Share)
- National Microfinance Bittiya Sanstha Limited (Promoter Share)
- Nepal Life Insurance Company Limited
- Mero Microfinance Laghubitta Bittiya Sanstha Limited (Promoter Share)
- Nerude Laghubitta Bittiya Sanstha Limited - Promoter Share (NLBBLP)
- Hydroelectricity Investment and Development Company Limited (HIDCL)
- National Fund Management Ltd (NFML)
The company reported total revenue of Rs. 3.66 crores.
The company reported an annualized EPS of Rs. -0.01 and a net worth per share of Rs. 103.41. The stock traded at a P/E multiple of 112.41 times.
Major Financial Highlights
| Particulars (Rs in 000) | NRN Infrastructure and Development | ||
|---|---|---|---|
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 1,223,212 | 1,223,212 | 0.00% |
| Other Equity (Retained Earnings) | 41,756 | 88,290 | -52.71% |
| Investment Revaluation Reserve | 407,967 | (7,591) | |
| Property, Plant and Equipment | 664 | 692 | -4.11% |
| Investment in Associates | 342,784 | 342,784 | 0.00% |
| Trade Receivables | 2,537,476 | 1,913,983 | 32.58% |
| Revenue from Operation | 36,648 | 38,186 | -4.03% |
| Administration Expenses | (2,425) | (2,980) | |
| Total Expenses | (6,024) | (6,025) | |
| Net Profit | (67) | 38,878 | -100.17% |
| Annualized EPS (In Rs.) | -0.01 | ||
| Net Worth per Share (In Rs.) | 103.41 | 107.22 | -3.55% |
| Qtr End P/E Ratio | 112.41 | ||
| Liquidity Ratio | 222.00 | ||
| QTR End Price | 460.1 | ||
