NRN Infrastructure and Development Achieves 387.83% Profit Growth and 337.84% Revenue Surge in Q1 FY 2081/82

Thu, Nov 14, 2024 7:35 AM on Financial Analysis, Company Analysis, Latest,

NRN Infrastructure and Development Limited (NRN) has unveiled its first-quarter financial report for FY 2081/82, highlighting a substantial increase in profitability. The company posted a net profit of Rs. 4.33 crores for the quarter, a significant leap from the Rs. 88.83 lakhs recorded in the corresponding quarter of the previous fiscal year.

With a paid-up capital of Rs. 1.22 Arba, NRN’s retained earnings stand at Rs. 15.95 crores, while its investment revaluation reserve has reached Rs. 66.6 crores. As of Q1 FY 2081/82, the company invested Rs. 34.27 crores in associates.

NRN's financial performance this quarter includes total revenue of Rs. 6.21 crores, with total expenses amounting to Rs. 47.62 lakhs. The earnings per share (EPS) for this period is calculated at Rs. 14.17, while the net worth per share is Rs. 113.04. Currently, the stock trades at a price-to-earnings (P/E) ratio of 65.71 times.

Report:

Particulars (Rs in 000) NRN Infrastructure and Development
Q1 2081/82 Q1 2080/81 Difference
Paid Up Capital             1,223,212           1,223,212 0.00%
Other Equity (Retained Earnings)                159,523                 57,243 178.68%
Investment Revaluation Reserve                666,049               219,719 203.14%
Property, Plant and Equipment                   10,134                    3,216 215.13%
Investment in Associates                342,784               342,784 0.00%
Total Revenue                   62,125                 14,189 337.84%
Administration Expenses                     1,464                    1,045 40.11%
Total Expenses                     4,762                    2,344 103.11%
Net Profit                   43,334                    8,883 387.83%
Annualized EPS (In Rs.) 14.17 2.90 387.83%
Net Worth per Share (In Rs.) 113.04 104.68 7.99%
Qtr End P/E Ratio 65.71    
Liquidity Ratio 222.00    
QTR End Price  931.1