NRN Infrastructure and Development Net Profit Declines by 64.10% in Q2; NRN Has Major Investment In 11 Companies
Wed, Feb 8, 2023 11:48 AM on Latest, Financial Analysis, Stock Market,
NRN Infrastructure and Development Limited (NRN) has published its second-quarter report of FY 2079/2080 with a decrease in Net Profit by 64.10%
The net profit of the company decreased to Rs. 56.78 Lakhs from Rs. 1.58 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. 23.04 crores. (Retained Earnings + Investment Revaluation Reserve)
The company has an investment in associates of Rs. 34.27 crores in Q2 of FY 2079/80.
The company have made an investment in these 11 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)
The company reported total revenue of Rs. 2.75 crores and the total expenses stood at Rs. 43.34 Lakhs in this quarter.
The company reported an annualized EPS of Rs. 0.93 and a net worth per share of Rs. 118.84. The stock traded at a P/E multiple of 523.50 times.
Major Financial Highlights
| Particulars (Rs in 000) | NRN Infrastructure and Development | ||
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 1,223,212 | 1,223,212 | 0.00% |
| Other Equity (Retained Earnings) | 47,501 | 65,228 | -27.18% |
| Investment Revaluation Reserve | 182,983 | (17,351) | |
| Property, Plant and Equipment | 700 | 421 | 66.14% |
| Investment In Associates | 342,784 | 342,784 | 0.00% |
| Total Revenue | 27,523 | 25,187 | 9.27% |
| Total Expenses | 4,334 | 3,983 | 8.80% |
| Net Profit | 5,678 | 15,818 | -64.10% |
| Annualized EPS (In Rs.) | 0.93 | 2.59 | -64.10% |
| Net Worth per Share (In Rs.) | 118.84 | 103.91 | 14.37% |
| Qtr End P/E Ratio | 523.50 | - | |
| Qte End Price | 486 | - | |
