Ghorahi Cement Industry (GCIL) Reports Net Loss of Rs. 41.84 Crore in Q2; Rising Cost of Sales
Wed, Feb 14, 2024 10:26 AM on Financial Analysis, Company Analysis, Latest,
Ghorahi Cement Industry Limited (GCIL) has recently disclosed its second-quarter financial report for the fiscal year 2080/81, unveiling a discernible downturn in net profitability. The company reported a notable net loss amounting to Rs. 41.84 Crore, a stark contrast to the Rs. 1.54 Crores profit registered in the corresponding quarter of the preceding year.
The Revenue from the Operation of the company has increased by 1.40 percent, totaling Rs. 1.71 Arba. The administrative expenses of the company spiked by 41.81 percent, amounting to Rs. 15.58 Crores.
The company's negative Net Profits in Q2 FY 2080-81 have led to corresponding negative Earnings per Share (EPS), while the Net Worth per Share stands at Rs. 225.45.
GCIL maintains Rs. 4.56 Arba in paid-up capital, Rs. 2.65 Arba in share premium, Rs. 2.99 Arba in retained earnings and surplus and has Rs. 7.9 Crores as other equity. GCIL has augmented its investments, reaching Rs. 16.5 Crores.
Major Financial Highlights:
| Particulars (Rs in 000) | Ghorahi Cement Industry Limited | ||
|---|---|---|---|
| Q2 2080/81 | Q2 2079/80 | Difference | |
| Paid Up Capital | 4,567,686 | 3,177,521 | 43.75% |
| Share Premium | 2,658,468 | - | - |
| Retained Earnings | 2,992,728 | 3,945,509 | -24.15% |
| Other Reserves | 79,060 | 79,060 | 0.00% |
| Property, Plant and Equipment | 6,416,750 | 6,627,316 | -3.18% |
| Investment In Subsidiary | 165,035 | 83,573 | 97.47% |
| Trade Receivables | 2,063,901 | 1,690,808 | 22.07% |
| Revenue from Operation | 1,712,495 | 1,688,770 | 1.40% |
| Other Income | 1,177 | 103,750 | -98.87% |
| Administrative Expenses | 155,811 | 109,872 | 41.81% |
| Net Profit | (418,438) | 15,444 | - |
| EPS (In Rs.) | -9.16 | 0.49 | - |
| Net Worth per Share (In Rs.) | 225.45 | 226.66 | - |
| Qte End Price | 565 | - | - |
