NRN Infrastructure and Development Reports Q2 Net Profit Surge to Rs. 1.63 Crores: EPS at Rs. 2.67
Thu, Feb 8, 2024 6:26 AM on Financial Analysis, Company Analysis, Latest,
NRN Infrastructure and Development Limited (NRN) has released its second-quarter report for FY 2080/2081, revealing a notable increase in net profit by 188.03%. Despite this, the net profit increased to Rs. 1.63 Crores compared to Rs. 56.78 lakhs in the same quarter of the previous year.
The company's paid-up capital is Rs. 1.22 Arba, with retained earnings of Rs. 6.47 crores and Rs. 54.15 Crores as investment revaluation reserve. NRN has invested Rs. 34.27 crores in associates during Q2 of FY 2080/81.
The company has made an investment worth approximately Rs. 2.26 Arba in a portfolio comprising 13 significant companies at current market values.
Investment Details:
In this quarter, the company reported total revenue of Rs. 1.66 crores, while total expenses stood at Rs. 54.92 Lakhs.
NRN's annualized earnings per share (EPS) is Rs. 2.67, and the net worth per share is Rs. 120.47. The stock is trading at a P/E multiple of 202.02 times.
Major Financial Highlights
| Particulars (Rs in 000) | NRN Infrastructure and Development | ||
|---|---|---|---|
| Q2 2080/81 | Q2 2079/80 | Difference | |
| Paid Up Capital | 1,223,212 | 1,223,212 | 0.00% |
| Other Equity (Retained Earnings) | 64,716 | 47,501 | 36.24% |
| Investment Revaluation Reserve | 541,520 | 182,983 | 195.94% |
| Property, Plant and Equipment | 3,069 | 700 | 338.71% |
| Investment In Associates | 342,784 | 342,784 | 0.00% |
| Total Revenue | 16,685 | 27,523 | -39.38% |
| Total Expenses | 5,492 | 4,334 | 26.72% |
| Net Profit | 16,354 | 5,678 | 188.03% |
| Annualized EPS (In Rs.) | 2.67 | 0.93 | 188.03% |
| Net Worth per Share (In Rs.) | 149.56 | 118.84 | 25.85% |
| Qtr End P/E Ratio | 202.02 | - | |
| Qte End Price | 540.2 | - | |
