Muktinath Krishi Company Turns Profitable in Q3 FY 2080/2081 with Net Profit of Rs. 2.12 Crores; Revenue Surges by 110.63%
Sun, May 12, 2024 11:33 AM on Financial Analysis, Company Analysis, Latest,
Muktinath Krishi Company Limited (MKCL) 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. 2.12 Crores for the quarter, marking a significant turnaround from the net loss of Rs. 2.99 crores in the corresponding quarter of the previous fiscal year.
MKCL experienced a modest rise in Revenue from Operations, soaring by 110.63 percent to reach Rs. 37.61 Crores. Additionally, other income witnessed a significant rise of 157.16% to attain Rs. 26.11 lakhs.
However, alongside this income surge, the company reported an incline in personnel expenses by 41.52 percent, totaling Rs. 3.88 Crores. Simultaneously, there was an increase in other operating expenses and financial expenses.
MKCL maintains a substantial paid-up capital of Rs. 70 Crores but reports negative other equity of Rs. 4.37 Crores. Notably, MKCL has augmented its investments, reaching Rs. 10.2 Crores.
In terms of financial indicators, MKCL's annualized Earnings per Share (EPS) inclined to Rs. 4.05, reflecting the improved profitability. Moreover, the Net Worth per Share is reported at Rs. 93.75.
Major Financial Highlights:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Muktinath Krishi Company | ||
|---|---|---|---|
| Q3 2080/81 | Q3 2079/80 | Difference | |
| Paid Up Capital | 700,000 | 560,000* | 25.00% |
| Other Equity | (43,719) | (60,603)* | -27.86% |
| Property, Plant and Equipment | 71,568 | 60,660* | 17.98% |
| Investment | 102,000 | 36,000* | 183.33% |
| Revenue from Operation | 376,136 | 178,575 | 110.63% |
| Other Income | 2,611 | 1,015 | 157.16% |
| Cost of Sales | 265,826 | 145,495 | 82.70% |
| Personnel Expenses | 38,866 | 27,464 | 41.52% |
| Other Operating Expenses | 37,355 | 22,240 | 67.96% |
| Financial Expenses | 8,570 | 7,280 | 17.73% |
| Net Profit | 21,287 | (29,958) | - |
| Annualized EPS (In Rs.) | 4.05 | -7.13 | - |
| Net Worth per Share (In Rs.) | 93.75 | 89.18 | 5.13% |
| Qtr End PE Ratio | 228.87 | - | - |
